Director/PDMR Shareholding

RNS Number : 3426K

Big Yellow Group PLC

21 April 2020

 

21 April 2020

Big Yellow Group PLC

Director/PDMR Shareholding

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them.

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	1. Nicholas Vetch 2. James Gibson 3. Adrian Lee 4. John Trotman 5. Richard Cotton
b)	Position / status	1. Executive Chairman 2. Chief Executive Officer 3. Operations Director 4. Chief Financial Officer 5. Non-Executive Director
c)	Initial notification / amendment	Initial Notification in each case
2.	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	Ordinary Shares of Big Yellow Group PLC (the "Company").
b)	Nature of the transaction	The Company announced today that it raised proceeds of approximately £81.9 million (before expenses) through a placing of 8,335,043 new ordinary shares of ten pence each in the capital of the Company (the 'Placing Shares') at a price of 983 pence per Placing Share (the "Placing").  The Placing is conditional upon, amongst other things, the Placing Shares being admitted to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the main market of the London Stock Exchange plc (together, "Admission"). The Company was informed today that the Directors listed below subscribed for the below numbers of Placing Shares. Director Interest in shares prior to acquisition Number of Placing Shares acquired Total shares held beneficially % of issued share capital held (post Admission of Placing Shares) Nicholas Vetch 6,743,284 10,174 6,753,458 3.8% James Gibson 2,506,293 8,646 2,514,939 1.4% Adrian Lee 872,192 2,543 874,735 0.5% John Trotman 231,037 5,086 236,123 0.1% Richard Cotton 92,248 4,069 96,317 0.1%
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. 983 pence 10,174 2. 983pence 8,646 3. 983 pence 2,543 4. 983 pence 5,086 5. 983 pence 4,069
d)	Aggregated information Aggregated volume Price	30,518 shares 983 pence
e)	Date of the transaction	21 April 2020
f)	Place of the transaction	London Stock Exchange, Main Market ( XLON)

 

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