Director/PDMR Shareholding

RNS Number : 3832I

Molins PLC

16 June 2017

 

FOR IMMEDIATE RELEASE                                                                                                     16 June 2017

MOLINS PLC

 (the "Company")

Director/PDMR Dealings

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMR") and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Cowen - Group Finance Director
2	Reason for the notification
a)	Position/status	See 1(a) above - Mr Cowen classified as a PDMR of the Company
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Molins PLC
b)	LEI
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 25p each ("Ordinary Shares")
b)	Identification code	GB0005991111
c)	Nature of the transaction(s)	Transfer of Ordinary Shares to Mr Cowen by the Molins PLC Employee Trust ("Trust") upon exercise of a conditional grant over Ordinary Shares awarded on 27 February 2014 under the Molins PLC Deferred Share Plan. Subsequent sale by Mr Cowen of Ordinary Shares back to the Trust.
d)	Price(s) and volume(s)	(a)  In respect of the transfer to Mr Cowen: Volume(s): 42,000 Ordinary Shares Price:  £nil (b)  In respect of the sale by Mr Cowen: Volume(s): 21,000 Ordinary Shares Price: 119.0 pence per Ordinary Share
e)	Aggregated information  - Aggregated volume - Price	N/A
f)	Date of the transactions	15 June 2017
g)	Place of the transaction	Outside a trading venue

Mr Cowen's beneficial interest following this transaction is now in 144,519 Ordinary Shares, representing 0.7% of the Company's issued share capital.

Name of authorised official of issuer responsible for making notification:

Nick Eland

Company Secretary to Molins PLC

For further information, please contact:

Molins PLC Nick Eland, Company Secretary	Tel: [phone]
Panmure Gordon (UK) Limited (NOMAD)  Andrew Potts/ Peter Steel - Corporate Finance James Stearns - Corporate Broking	Tel: [phone]
Hudson Sandler Nick Lyon, Jasper Bartlett	Tel: [phone]

 

END

 

 

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