Notification of Transactions of Directors/PDMR

RNS Number : 1053U

Big Yellow Group PLC

31 March 2021

 

31 March 2021

Big Yellow Group PLC

Notification of Transactions of Directors/PDMR

Big Yellow Group PLC ("Big Yellow" or "Company") was notified on 31st March 2021, that Byways Investments Ltd, a company controlled and owned by Nicholas Vetch, Executive Chairman, and his family, has entered into loan arrangements ("Loans") with J.P. Morgan Bank Luxembourg S.A ("Bank") and granted pledges in favour of the Bank over ordinary shares of 10 pence each in the Company ("Shares") as security in connection with the Loans.

Details are set out in the table below along with the Director's or his family's beneficial interests, which remain unchanged.

Director	Number of Shares pledged	Holding of Shares	Holding as a percentage of issued ordinary share capital
Nicholas Vetch	2,250,000	6,753,458	3.84%

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Nicholas Vetch
b)	Position / status	Executive Chairman
c)	Initial notification / amendment	Initial Notification
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	Byways Investments Ltd has granted pledges in favour of J.P. Morgan Bank Luxembourg S.A over ordinary shares of 10 pence each in the Company ("Shares") as security in connection with the Loans. Following this transaction, Mr Vetch and his family's holding has remained at 6,740,387 shares, representing 3.84% of the issued share capital of the Company.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 2,250,000
d)	Aggregated information Aggregated volume Price	2,250,000 shares N/A
e)	Date of the transaction	31st March 2021
f)	Place of the transaction	Outside trading venue

 

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