Transaction in Own Shares & Directors Shareholding

RNS Number : 6064D
Character Group PLC
27 April 2017
 

 

27 April 2017

 

 

The Character Group plc

("Character Group" or the "Company")

 

Directors' share dealings and Transaction in Own Shares

Notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them and transaction in own shares

 

Directors' share dealings

 

Character Group (AIM: CCT) the designer, developer and international distributor of branded toys, games and giftware, announces that Mr. Mark Dowding and Mr. Jeremiah Healy, being Directors of the Company and Persons Discharging Managerial Responsibilities (PDMRs), have notified the Company of share purchase transactions effected in the market by them respectively as follows:

 

·     Mr. Mark Dowding, Group Finance Director and Company Secretary, purchased 8,000 Character Group ordinary shares at a price of 470 pence per share.  Following this purchase, Mr. Dowding's shareholding in the Company has increased to 108,000 ordinary shares, which represents approximately 0.51% of the Company's issued voting share capital.

 

·     Mr. Jeremiah Healy, Group Marking Director, purchased 5,000 Character Group ordinary shares at a price of 470 pence per share. Following this purchase, Mr. Healy's shareholding in the Company has increased to 41,000 ordinary shares, which represents approximately 0.19% of the Company's issued voting share capital.

 

1.            

Details of the person discharging managerial responsibilities / person closely associated

a.            

Name

Mr. Mark Dowding and Mr. Jeremiah Healy

2.             

Reason for the notification

a.             

Position/status

Group Finance Director and Company Secretary/Group Marketing Director

b.             

Initial notification/Amendment

Initial notification

3.             

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.            

Name

The Character Group plc

b.            

LEI


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

Identification code

Ordinary shares of 5 pence

 

 

GB0008976119

b.             

Nature of the transaction

Purchase of shares

c.             

Price(s) and volume(s)

Name

Price(s)

Volume

Mr. Mark Dowding

470

8,000

Mr. Jeremiah Healy

470

5,000

d.             

Aggregated information

·      Aggregated volume

·      Price

N/A

e.             

Date of the transaction

27 April 2017

f.             

Place of the transaction

London Stock Exchange, AIM

 

 

Transaction in Own Shares

 

In continuing its stated objective to enhance shareholder value, Character Group (AIM:CCT.L) announces that, on 27 April 2017, it bought-back for cancellation 75,000 ordinary shares of 5p each in the capital of the Company ("Ordinary Shares") in the market at a price of 470 pence per Ordinary Share.  The Ordinary Shares acquired for cancellation represent approximately 0.35 per cent. of the current issued share capital of the Company (excluding shares held in treasury).

 

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue as at the date of this notice (taking into account the Ordinary Shares purchased for cancellation by the Company announced above and excluding Ordinary Shares held in treasury) is 21,143,352 ("Revised Issued Voting Share Capital").

The Company has an unutilised capacity to buy back up to a further 3,139,700 Ordinary Shares under the authority granted at the Annual General Meeting on 22 January 2016.

Character Group holds 3,269,456 Ordinary Shares in treasury which do not carry voting rights and these represent approximately 15.46 per cent. of the Revised Issued Voting Share Capital.

The figure of 21,143,352 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or change to their interest, in the Company under the Disclosure and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the schedule below contains a summary of and detailed information about the purchases made by Panmure Gordon (UK) Limited on behalf of the Group as part of the buy-back programme.

Schedule 1: Summary of buy-back transactions

 

Date of purchase :

 

27 April 2017

Number of Ordinary Shares purchased:

 

75,000

Highest price paid per share (pence)

 

470

Lowest price paid per share (pence)

 

470

Average price paid per share (pence)

 

470

 

 

Schedule 2: Details of buy-back transactions

 

Time (hh:mm - GMT)

 

Number of Ordinary Shares purchased

Transaction price (pence per share)

09:11

75,000

470

 

 

Enquiries:

The Character Group plc 

Jon Diver, Joint Managing Director

Kiran Shah, Joint Managing Director

Mark Dowding, Group Finance Director & Company Secretary

Tel: +44 (0)208 329 3377

                                                                                                                                                                                                                  

Panmure Gordon, Nominated Adviser and Joint Broker

Andrew Godber

Tom Salvesen

Tel: +44 (0)20 7886 2500

 

Allenby Capital Limited, Joint Broker

Nick Athanas

Katrina Perez

Tel: +44 (0)20 3328 5656

 

Tooley Street Communications, IR & Media Relations

Fiona Tooley

Tel: +44 (0)7785 703 523


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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