Notification of transactions

RNS Number : 9520H

Melrose Industries PLC

23 August 2016

 

23 August 2016

Notification of transactions of persons discharging managerial responsibility in accordance with Article 19(3) of the Market Abuse Regulation (2014/596/EU) ("MAR")

Melrose Industries PLC ("Melrose" or the "Company")

Melrose was notified on 22 and 23 August 2016, pursuant to Article 19(1) of MAR, that the transactions set out below occurred on the London Stock Exchange in connection with new ordinary shares of 48/7 pence each in the share capital of the Company, provisionally allotted (nil paid) with ISIN GB00BYQLYB32 (each a "Nil Paid Right"). Each of the persons identified below is a "person discharging managerial responsibility" or, where indicated, a "person closely associated", as each such term is defined in MAR.

As previously announced on 12 August 2016, Christopher Miller, having been allotted 15,560,700 Nil Paid Rights on 9 August 2016, subsequently sold 5,103,232 Nil Paid Rights at a weighted average price of 48.0937 pence per Nil Paid Right and an aggregated value of £2,454,333.09 on 9 August 2016, in order to use the proceeds of sale of such Nil Paid Rights, together with a further cash investment of £7,480,261.51, to fund the take up of the remainder of the Nil Paid Rights allotted to him. As previously announced, on 11 August 2016, Mr Miller took up 9,946,760 Nil Paid Rights at a price per Nil Paid Right of 95 pence. On 23 August 2016, Mr Miller took up the remainder of his entitlement, being 510,708 Nil Paid Rights at a price per Nil Paid Right of 95 pence, with the aggregate cost of taking up his Nil Paid Rights being £9,934,594.60.

As previously announced on 12 August 2016, Lydia Roper, a person closely associated with Mr David Roper, Vice Chairman, was allotted 282,228 Nil Paid Rights on 9 August 2016. On 22 August 2016, Ms Roper took up her entitlement of 282,228 Nil Paid Rights in full at a price per Nil Paid Right of 95 pence and an aggregate cost of £268,116.60.

Enquiries:

Montfort Communications
Charlotte McMullen Sophie Arnold	[phone]

IMPORTANT NOTICE

This announcement is for information purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for, any securities in Melrose or any other entity. Securities of Melrose have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration thereunder.

 

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