Issue of equity and director dealings

RNS Number : 8996W

Cropper(James) PLC

13 November 2014

 



13 November 2014

James Cropper plc (the 'Company')

Issue of equity and director dealings

Issue of equity

The Company announces that 187,614 new ordinary shares of 25p each in the Company ("Shares") were issued and allotted on 12 November 2014 pursuant to the exercise of options by employees of the Company.

Application has been made to the London Stock Exchange for the Shares to be admitted to trading on AIM ("Admission"), and it is expected that Admission will become effective and trading will commence at 8.00am on 18 November 2014.

Following Admission of the Shares, the Company's enlarged issued share capital will comprise of 9,161,656 Shares with voting rights. The Company does not hold any Shares in treasury. Therefore the total number of Shares in the Company with voting rights will be 9,161,656. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Director dealings

Exercise of options

The Company was notified on 12 November 2014 that, as part of the exercise of options referred to above, Martin Thompson, a director of the Company, had on that day exercised options over 18,251 Shares at a price of 85.2 pence per Share.

Following the exercise of options, Martin Thompson has a beneficial holding of 40,193 Shares, representing 0.44% of the Company's issued share capital (following Admission).

Acquisition of Shares by the James Cropper Employee Benefit Trust Ltd

In addition, the Company announces that it was notified on 12 November 2014 that the James Cropper Employee Benefit Trust Ltd (the "James Cropper EBT") had on that day acquired 41,255 Shares at a price of 405 pence per Share. This was to satisfy future releases under the James Cropper plc 2008 Long Term Incentive Scheme Plan in which the participants, including executive directors, have a potential interest subject to the achievement of performance targets. 

Following the transaction, the James Cropper EBT is interested in 101,255 Shares, representing 1.11 per cent. of the issued share capital of the Company.

The Directors of the Company who are also directors of the James Cropper EBT together with their beneficial and non-beneficial interests in the Company are as follows:

		Number of Shares	Percentage of issued share capital (following Admission)
Mark Cropper	Beneficial	1,206,540	13.17
	Non-beneficial	129,339	1.41
Douglas Mitchell	Beneficial	1,000	0.01
	Non-beneficial	101,255	1.11
Jim Sharp	Beneficial	7,950	0.09
	Non-beneficial	101,255	1.11
David Wilks	Beneficial	9,112	0.10
	Non-beneficial	101,255	1.11

Enquiries:
Isabelle Maddock, Group Finance Director	Robert Finlay/Nick Ellis
James Cropper PLC	Westhouse Securities Limited
Tel: [phone]	Tel: [phone]
www.cropper.com

 

END

 

 

IOEKLLFFZFFEFBE