PDMR Dealing

RNS Number : 7821N

Coral Products PLC

28 October 2016

 

 CORAL PRODUCTS PLC (the "Company")

PDMR Dealing

The Company announces that it has received the following notification of a dealing in restricted securities from a PDMR, being a disposal by Joe Grimmond, a director of the Company to an associated trust. There is no change in Mr Grimmond's shareholding in the Company following the transaction. Mr Grimmond continues to own 5,173,337 ordinary shares representing 6.26% of the Company's issued ordinary share capital. 

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation. 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Joseph (Joe) Grimmond
2	Reason for notification
a.	Position/Status	Non-executive chairman of Coral Products plc
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Coral Products PLC
b.	LEI	N/A
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 1p each ISIN: GB0002235736
b.	Nature of the transaction	Transfer of personal holding such that there is no change in beneficial holding.
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			19.5 pence per share	170,000
d.	Aggregated information - Aggregated Volume - Price	N/A
e.	Date of the transaction	2016-10-28
f.	Place of the transaction	N/A

For further information, please contact:

Enquiries

Coral Products plc Joe Grimmond, Chairman	Tel: [phone]
Nominated Adviser Cairn Financial Advisers LLP Tony Rawlinson / Liam Murray	Tel: [phone]
Broker Daniel Stewart & Company plc David Lawman	Tel: [phone]
PR Capital Markets Consultants Limited Richard Pearson	Tel: [phone]

 

END

 

 

DSHMPBITMBJTBRF