Director/PDMR Dealings

RNS Number : 6785S

Hotel Chocolat Group PLC

07 November 2019

 

Hotel Chocolat Group plc

("Hotel Chocolat", the "Company" or the "Group")

Director/PDMR Dealings

Hotel Chocolat announces that, in response to investor demand, it has been notified by certain Directors of the Company, being founders Angus Thirlwell and Peter Harris (the "Founders"), that they have sold in aggregate, 2,400,000 ordinary shares of 0.1p in the Company ("Ordinary Shares"), representing 2.08% of the issued share capital of the Company.

The Founders remain strongly aligned to the long term success of Hotel Chocolat and will continue to hold, in aggregate, 63.15% of the issued share capital of the Company. In addition, the Founders have confirmed they have no plans to sell any further shares for 12 months.  

The Company has also been notified by Non-Executive Director Sophie Tomkins that she has sold 5,000 Ordinary Shares.

Following the sale of Ordinary Shares, the selling shareholders will have the following resultant shareholdings:

	Initial Holding				Resultant Holding
Selling Shareholder	Number of Ordinary Shares	Percentage of issued share capital	Ordinary shares sold	Price of Ordinary shares sold		Number of Ordinary Shares	Percentage of issued share capital
Angus Thirlwell	37,566,769	32.62%	1,200,000	420p		36,366,769	31.58%
Peter Harris	37,566,769	32.62%	1,200,000	420p		36,366,769	31.58%
Sophie Tomkins	13,514	0.01%	5,000	445p		8,514	0.01%

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Angus Thirlwell
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Hotel Chocolat Group plc
b)	LEI	213800B4D3J15PZHVY29
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 0.1 pence each ISIN: GB00BYZC3B04
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 420 pence 1,200,000
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	6 November 2019
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Peter Mark Harris
2	Reason for the notification
a)	Position/status	Development Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Hotel Chocolat Group plc
b)	LEI	213800B4D3J15PZHVY29
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 0.1 pence each ISIN: GB00BYZC3B04
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 420 pence  1,200,000
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	6 November 2019
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sophie Alice Tomkins
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Hotel Chocolat Group plc
b)	LEI	213800B4D3J15PZHVY29
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 0.1 pence each ISIN: GB00BYZC3B04
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 445 pence  5,000
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	7 November 2019
f)	Place of the transaction	London Stock Exchange, AIM

For further information:

Hotel Chocolat Group plc

c/o Citigate

+ 44 (0) 20 7638 9571

Angus Thirlwell, Co-founder and Chief Executive Officer

Peter Harris, Co-founder and Development Director

Matt Pritchard, Chief Financial Officer

Citigate Dewe Rogerson - Financial PR

+ 44 (0) 20 7638 9571

Simon Rigby

Angharad Couch

Ellen Wilton

Liberum Capital Limited - Nominated Advisor and Broker

+ 44 (0) 20 3100 2222

Clayton Bush

James Greenwood

Notes to Editors:

Hotel Chocolat is a premium British chocolatier with a strong and distinctive brand. The business was founded in 1993 by Angus Thirlwell and Peter Harris and has traded under the Hotel Chocolat brand since 2003. The Group sells its products online and through a network of stores in the UK and abroad. The Group has a cocoa plantation and eco-hotel in Saint Lucia, offering complete cocoa immersion thorough tree-to-bar experiences and wellness treatments. The Group also has a flagship restaurant and cocoa roastery in London's Borough Market: Rabot 1745. The Group was admitted to trading on AIM in 2016.  

 

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