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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