Director and PDMR Transactions

RNS Number : 3487A

Ince Group PLC (The)

01 February 2022

 

1 February 2022

THE INCE GROUP PLC (the "Company")

Director and PDMR Transactions

Adrian Biles, a director of the Company, John Biles, a PDMR, and Robert Biles, all members of a concert party, have had an aggregate of 4,040,050 of their interests in the ordinary shares of 1 penny each in the Company ("Ordinary Shares") held on trust as collateral for the commitments of an entity (in which they were until recently interested) engaged in underwriting activities with Lloyd's of London. Adrian Biles and John Biles were jointly interested in 3,333,333 Ordinary Shares, John Biles in 161,208 Ordinary Shares (not 394,348 as previously announced) and Robert Biles in 545,509 Ordinary Shares which were subject to this arrangement. These shares represented an aggregate of 5.9% of the issued share capital of the Company out of their aggregate interest of 13,415,206 ordinary shares (19.6%).

The Company has been notified that these shares have been transferred out of the trust arrangement and are no longer held as collateral.  Accordingly, the entire beneficial interests of Adrian Biles, John Biles and Robert Biles in the Company's Ordinary Shares are now held directly as follows:

	Number of Ordinary Shares	Percentage of issued Ordinary Shares
Adrian Biles	7,610,664	11.1
Adrian Biles and John Biles hold jointly	3,333,333	4.9
John Biles	1,537,970	2.2
Robert Biles	933,239	1.4

Adrian, John and Robert Biles each continue to be interested in the same number of Ordinary Shares as immediately prior to the transfers into and out of the trust arrangement.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended below.  The notifications of these transactions pursuant to rule 8.3 of the City Code on Takeovers and Mergers is separately announced today.

FOR FURTHER INFORMATION, PLEASE CONTACT:

The Ince Group plc   [e-mail]

Adrian Biles, Group Chief Executive

Simon Oakes, Chief Financial Officer

Allenby Capital Limited - Nominated Adviser to the Company  [phone]

Jeremy Porter / Piers Shimwell, Corporate Finance

Arden Partners plc - Broker to the Company  [phone]

Simon Johnson, Equity Sales

Williams Nicolson - Financial PR   [phone]

Steffan Williams / Fraser Schurer-Lewis

[e-mail]

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	Adrian Biles (CEO) John Biles (Head of Finance and Administration)
2.	Reason for the Notification
a)	Position/status	See 1a) above
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Ince Group plc
b)	LEI	2138005A5XOTI2MHP510
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	Ordinary shares of 1 penny each
	Identification code	ISIN: GB00BZBY3Y09
b)	Nature of the transaction	Release of shares held on trust as collateral
c)	Price(s) and volume(s)	Director/PDMR Price(s) Volume(s) Adrian Biles and John Biles (from joint interest)  N/A 3,333,333 John Biles N/A 161,208
d)	Aggregated information: - Aggregated volume - Price	4,040,050 N/A
e)	Date of the transaction	31 January 2022
f)	Place of the transaction	Outside a trading venue

 

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