Director/PDMR Transaction

RNS Number : 6455T

AJ Bell PLC

21 March 2019

 

AJ Bell plc (Company)

Director/PDMR Transaction - Initial Notification

The Company announces that it was notified on 19 March 2019, that Simon Turner a director/person discharging managerial responsibility (PDMR) in the Company has:

a)   sold 12,279 ordinary shares of £0.000125 each (Ordinary Shares) in the Company at a price of £3.014 each and that the same aggregate number of 12,279 Ordinary Shares have then been purchased by two of his adult children, neither of whom are a person closely associated (PCA), in Individual Savings Accounts in the names of Francesca Katherine Turner and Jamie Paul Turner respectively and a Lifetime Individual Savings Account in the name of Jamie Paul Turner.  The sale and purchases all took place on 18 March 2019;

b)   transferred by way of gift 6,682 Ordinary Shares to his adult child, Mark Stephen Turner, who is not PCA. The transfer took place on 18 March 2019;

c)   transferred by way of gift 478 Ordinary Shares to his adult child, Jamie Paul Turner, who is not a PCA. The transfer took place on 18 March 2019.

The transactions were entered into in accordance with exceptions from the lock up arrangements applicable to Management Selling Shareholders (as defined in the prospectus published in relation to the initial public offering of the Company's shares on 27 November 2018 (Prospectus), as described in paragraph 10 of Part 7 (Details of the Offer) of the Prospectus, of one year in respect of 100% of their shareholdings at Admission (as defined in the Prospectus) and a further one year in respect of 50% of such shareholdings. Notwithstanding the transaction, the Ordinary Shares remain subject to the terms of such lock up arrangements.

Following the above transactions, the number of shares in which Simon Turner has an interest has reduced to 316,302 (representing approximately 0.07% of the Company's total issued share capital).

This announcement, including the notification below, is made in accordance with the requirements of the EU Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Turner
2	Reason for the notification
a)	Position/status	Non-Executive Director/PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	LEI	213800VNKA7DPWXWJJ36
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.000125 each
	Identification code	GB00BFZNLB60
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP  3.014 12,279
d)	Aggregated information ·      Aggregated volume ·      Price	12,279 GBP  3.014
e)	Date of the transaction	18 March 2019
f)	Place of the transaction	London Stock Exchange

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities
a)	Name	Simon Turner
2	Reason for the notification
a)	Position/status	Non-Executive Director/PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	LEI	213800VNKA7DPWXWJJ36
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of £0.000125 each
	Identification code	GB00BFZNLB60
b)	Nature of the transaction	Transfers of Ordinary Shares by way of gift to adult children: (i)         Mark Stephen Turner (6,682 Ordinary Shares); and (ii)         Jamie Paul Turner (478 Ordinary Shares).
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP  0 6,682 GBP  0 478
d)	Aggregated information ·      Aggregated volume ·      Price	7,160 GBP  0
e)	Date of the transaction	18 March 2019
f)	Place of the transaction	Outside a trading venue

Name of officer of issuer responsible for making notification: Bruce Robinson (Company Secretary)

Date of notification: 21 March 2019 

 

END

 

 

DSHPGUGAWUPBGQG