Holding(s) in Company

RNS Number : 4831Q

Molins PLC

17 June 2015

 



FOR IMMEDIATE RELEASE                                                                                                     17 June 2015

MOLINS PLC

 (the "Company")

Director Dealings and Holdings in Company

The Board announces that on 17 June 2015, the following transactions were undertaken by Dick Hunter and David Cowen (Chief Executive and Group Finance Director respectively) in the Company's Ordinary Shares of 25 pence each ("Ordinary Shares"):

·     Mr Hunter exercised in full a conditional grant over Ordinary Shares awarded on 1 March 2011 under the Molins PLC Deferred Share Plan ("the Plan").  Upon exercise, the Molins PLC Employee Trust ("the Trust") transferred 92,200 Ordinary Shares to Mr Hunter, which were then sold by Mr Hunter back to the Trust.  Mr Hunter's beneficial interest following this transaction remains in 75,000 Ordinary Shares, representing 0.4% of the Company's issued share capital.

·     Mr Cowen exercised in full a conditional grant over Ordinary Shares awarded on 1 March 2011 under the Plan.  Upon exercise, the Trust transferred 81,600 Ordinary Shares to Mr Cowen, which were then sold by Mr Cowen in the open market.  Mr Cowen's beneficial interest following this transaction remains in 100,219 Ordinary Shares, representing 0.5% of the Company's issued share capital.

All transactions were completed at a price of 83 pence per Ordinary Share.  The Trust's resultant beneficial interest following these transactions is in 574,416 Ordinary Shares, representing less than 3% of the Company's issued share capital.

For further information, please contact:

Molins PLC David Cowen, Group Finance Director	Tel: [phone]
Panmure Gordon (UK) Limited (NOMAD)  Hugh Morgan/ Peter Steel - Corporate Finance Tom Salvesen - Corporate Broking	Tel: [phone]
KTZ Communications Katie Tzouliadis	Tel: [phone]

 

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