Director Shareholding and Issue of Equity

RNS Number : 9355J

MartinCo PLC

15 September 2016

 

MARTINCO PLC

(the 'Company' or the 'Group')

Director Shareholding and Issue of Equity

MartinCo PLC, one of the UK's largest property franchises, announces that Ian Wilson, Chief Executive Officer, has exercised his option over 979,200 ordinary shares ("New Ordinary Shares") which had been granted under an Enterprise Management Incentive Share Option Plan, at an exercise price was 17.64 pence per share.

Accordingly, the application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on 20 September 2016.

Following Admission, the Company will have 25,300,750 ordinary shares in issue admitted to trading on AIM. This figure may be used by shareholders as the denominator by which they are required to notify their interest in, or a change to their interest in, the Company under the FCA 's Disclosure and Transparency Rules.

The information contained within this announcement is deemed by the Group to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Wilson
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Martinco Plc
b)	LEI	N/A
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 1 penny  each ISIN: GB00BH0WFH67
b)	Nature of the transaction	Exercise of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 17.64p per share 979,200
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	14 September 2016
f)	Place of the transaction	London Stock Exchange (XLON)

Ends

For further information, please contact:

MartinCo PLC                                                    01202 292829  

Ian Wilson, Chief Executive Officer               

David Raggett, Chief Financial Office

Cenkos Securities plc                                       0207 397 8925

Max Hartley (Nomad) ,Alex Aylen (Sales)

Bell Pottinger                                                   020 3772 2500

David Rydell, Henry Lerwill

About MartinCo

MartinCo Group operates one of the UK's largest property franchise businesses through its 6 Franchise brands Martin & Co, CJ Hole, Parkers, Ellis & Co, Whitegates and EweMove.

The Group's franchisees manage approximately 46,300 properties on behalf of private clients.

MartinCo is a multiple award winning business and the Directors and senior management have over 100 years of combined residential letting and estate agency experience.

 

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