Shareholder Update and Director/PDMR Shareholding

RNS Number : 0798K

Norman Broadbent PLC

23 August 2019

 

Norman Broadbent plc

("Norman Broadbent" or the "Company")

Shareholder Update and Director/PDMR Shareholding

Norman Broadbent (AIM: NBB) - a leading London listed Professional Services firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services (Board & Leadership Search, Senior Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive level Talent Solutions) - announces that it has been notified of several changes of shareholding in the Company and dealings by certain Directors and other PDMR's of the Company.

Garraway Capital Management LLP has today sold 3,881,578 Ordinary Shares in the Company and accordingly now hold no Ordinary Shares in the Company.

At the same time the following substantial shareholders have acquired Ordinary Shares in the Company. Details of the respective purchases, together with total resultant shareholdings, are as follows:

	Prior to acquisition			Resultant Holding
Substantial Shareholder	Ordinary Shares	% of Issued Share Capital	Shares acquired	Ordinary Shares	% of Issued Share Capital
Downing LLP	13,838,331	25.68%	837,966	14,676,297	27.24%
Moulton Goodies Limited	8,066,739	14.97%	1,300,000	9,366,739	17.38%
Pierce Augustan Casey	6,287,505	11.67%	500,000	6,787,505	12.60%

The Company has also been notified that certain of the Directors and PDMRs of the Company purchased Ordinary Shares of the Company. Details of the respective purchases, together with total resultant shareholdings, are as follows:

	Prior to acquisition			Resultant Holding
PDMR	Ordinary Shares	% of Issued Share Capital	Shares acquired	Ordinary Shares	% of Issued Share Capital
Mike Brennan	928,815	1.7%	166,666	1,095,481	2.03%
Will Gerrand	-	-	66,667	66,667	0.12%
Brian Stephens	167,955	0.31%	166,666	334,621	0.62%
Fiona McAnena	30,000	0.06%	33,333	63,333	0.12%
Angela Hickmore	-	-	83,333	83,333	0.15%

The notification at the end of this announcement, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the PDMR transactions.

The Company is not a party to the above transactions and will not receive any proceeds relating to the trades.

Michael Brennan, CEO of Norman Broadbent, commented: "On behalf of the Board, I would like to thank those substantial Shareholders - Downing Capital, Jon Moulton, and Pierce Casey - for their continued support. I am also delighted that I, and a number of other Senior Directors and Non-Executive Directors, have been able to invest. Having such significant Shareholders and Senior Directors choosing to increase their stakes in the business is a sure sign of confidence in Norman Broadbent and our strategy"

For further information, please contact:

Norman Broadbent plc Mike Brennan / Will Gerrand	020 7484 0000
WH Ireland Limited Adrian Hadden / Jessica Cave / Matthew Chan	020 7220 1666

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	Mike Brennan
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification/ Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Norman Broadbent PLC
b)	LEI	213800E5YN5TA934XA23
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 1p each GB00B3VF4Y66
b)	Nature of the transaction	Purchase of shares for cash
c)	Price(s) and volume(s)	Price(s) Volume(s) 3p 166,666
d)	Aggregated information -     Aggregated volume -     Price	Purchase of 166,666 Ordinary Shares for 3 pence each, with a total price paid of £5,000
e)	Date of the transaction	23 August 2019
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Will Gerrand
2	Reason for the notification
a)	Position/status	CFO and COO
b)	Initial notification/ Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Norman Broadbent PLC
b)	LEI	213800E5YN5TA934XA23
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 1p each GB00B3VF4Y66
b)	Nature of the transaction	Purchase of shares for cash
c)	Price(s) and volume(s)	Price(s) Volume(s) 3p 66,667
d)	Aggregated information -     Aggregated volume -     Price	Purchase of 66,667 Ordinary Shares for 3 pence each, with a total price paid of £2,000
e)	Date of the transaction	23 August 2019
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Brian Stephens
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification/ Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Norman Broadbent PLC
b)	LEI	213800E5YN5TA934XA23
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 1p each GB00B3VF4Y66
b)	Nature of the transaction	Purchase of shares for cash
c)	Price(s) and volume(s)	Price(s) Volume(s) 3p 166,666
d)	Aggregated information -     Aggregated volume -     Price	Purchase of 166,666 Ordinary Shares for 3 pence each, with a total price paid of £5,000
e)	Date of the transaction	23 August 2019
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Fiona McAnena
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification/ Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Norman Broadbent PLC
b)	LEI	213800E5YN5TA934XA23
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 1p each GB00B3VF4Y66
b)	Nature of the transaction	Purchase of shares for cash
c)	Price(s) and volume(s)	Price(s) Volume(s) 3p 33,333
d)	Aggregated information -     Aggregated volume -     Price	Purchase of 33,333 Ordinary Shares for 3 pence each, with a total price paid of £1,000
e)	Date of the transaction	23 August 2019
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Angela Hickmore
2	Reason for the notification
a)	Position/status	Managing Director of Norman Broadbent Interim Management
b)	Initial notification/ Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Norman Broadbent PLC
b)	LEI	213800E5YN5TA934XA23
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 1p each GB00B3VF4Y66
b)	Nature of the transaction	Purchase of shares for cash
c)	Price(s) and volume(s)	Price(s) Volume(s) 3p 83,333
d)	Aggregated information -     Aggregated volume -     Price	Purchase of 83,333 Ordinary Shares for 3 pence each, with a total price paid of £2,500
e)	Date of the transaction	23 August 2019
f)	Place of the transaction	London Stock Exchange, AIM

 

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