Subscription by Directors and a PDMR

RNS Number : 8708O

John Lewis Of Hungerford PLC

12 February 2021

 

12 February 2021

John Lewis of Hungerford Plc

("John Lewis of Hungerford" or the "Company")

Subscription by Directors and a PDMR and change to Total Voting Rights

John Lewis of Hungerford (AIM: JLH), the specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture, announces that it has raised £48,600 (before expenses) via the issue of 7,200,000 ordinary shares of 0.1p each in the Company (the "Subscription Shares") at a subscription price of 0.675 pence per share. The proceeds of the issue of the Subscription Shares will be used by the Company for general working capital purposes.

The Subscription Shares being issued to Directors of the Company (or their nominee) and their resulting interests in the Company's ordinary shares are set out below:  

Director	Role	Number of Subscription Shares issued	Interest in ordinary shares upon Admission	Percentage of enlarged issued share capital upon Admission
Kiran Noonan	Managing Director and Acting Chairman	500,000	500,000	0.26%
Alan Charlton	Non-Executive Director	5,000,000	9,423,178	4.86%
Stephen Huggett	Non-Executive Director	1,500,000	1,500,000	0.77%

Application will be made for the Subscription Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 17 February 2021 ("Admission"). The Subscription Shares will represent approximately 3.71% of the Company's issued ordinary share capital following their issue and will rank pari passu in all respects with the Company's existing ordinary shares.

Total Voting Rights

Upon Admission, the issued share capital of the Company will consist of 193,945,519 ordinary shares of 0.1p each . The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 193,945,519.  This figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

The notification below, which has been made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

Enquiries:

John Lewis of Hungerford plc Kiran Noonan - Acting Chairman / Managing Director 01235 774300 Allenby Capital Limited   (Nominated Adviser and Broker) David Worlidge / Nick Naylor (Corporate Finance) Matt Butlin (Sales and Corporate Broking) 020 3328 5656

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	PDMRs: Kiran Noonan Managing Director and Acting Chairman Alan Charlton Non-Executive Director Stephen Huggett Non-Executive Director Mark Rose Head of Finance
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	John Lewis of Hungerford plc
b)	LEI	254900N2MR89E8ZEO985
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 0.1p each GB0004773148
b)	Nature of the transaction	Subscription of ordinary shares
c)	Price(s) and volume(s)	Price: 0.675p Volumes: Kiran Noonan 500,000 Alan Charlton 5,000,000 Stephen Huggett 1,500,000 Mark Rose 200,000
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	12 February 2021
f)	Place of the transaction	Outside a trading venue

 

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