Director/PDMR Shareholding

RNS Number : 9274I

Ince Group PLC (The)

17 December 2020

 

17 December 2020

THE INCE GROUP PLC (the "Company")

Director and PDMR Transaction

The Company has been informed that Adrian Biles, a director of the Company, and John Biles, a PDMR, today transferred 1,048,253 ordinary shares of 1 pence each ("Ordinary Shares") from their joint interest, and John Biles transferred 394,348 from his own holding, to be held on trust as collateral for the commitments of an entity engaged in underwriting activities with Lloyd's of London in which they are interested. 

As a result of this transaction Adrian Biles and John Biles no longer jointly hold any shares directly but they continue to be jointly interested in a total of 3,333,333 Ordinary Shares which had originally been jointly held, representing 4.8% of the Company's issued ordinary share capital.

John Biles' individual directly held interest is now 1,143,532 Ordinary Shares but he continues to be individually interested in 1,537,880 Ordinary Shares, representing 2.2% of the Company's issued ordinary share capital.

Adrian Biles' individual interest of 7,610,664 Ordinary Shares is unchanged, representing 11.1% of the Company's issued ordinary share capital. 

Overall, both Adrian and John Biles each continue to be interested in the same number of shares as prior to the transfer.

FOR FURTHER INFORMATION, PLEASE CONTACT:

The Ince Group plc  [e-mail]

Adrian Biles, Group Chief Executive

Simon Oakes, Chief Financial Officer

Arden Partners plc

Nominated Advisor and Broker to the Company  [phone]

John Llewellyn-Lloyd, Corporate Finance

Ciaran Walsh, Corporate Finance

Dan Gee-Summons, Corporate Finance

Fraser Marshall, Equity Sales

Portland Communications   [phone]

Steffan Williams  [e-mail]

Simon Hamer

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 1 a) above
b)	Initial notification/ Amendment	Initial Notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Ince Group plc
b)	LEI	2138005A5XOTI2MHP510
	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  ISIN  GB00BZBY3Y09
b)	Nature of the transactions	Transfer of shares from their joint interests to be held on trust as collateral for the commitments of an entity in which they are interested
c)	Price(s) and volume(s)	Director/PDMR Price(s)  Volume(s) Adrian Biles (from joint interest) John Biles (from joint interest)  John Biles (from individual interest) N/A N/A N/A 524,126 524,127 394,348
d)	Aggregated information -  Aggregated volume -  Price	1,442,601 N/A
e)	Date of the transaction	15 December  2020
f)	Place of the transaction	London Stock Exchange (XLON) Out of a trading venue

 

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