Director/PDMR Dealing

RNS Number : 8319H

Plastics Capital PLC

22 August 2016

 

Plastics Capital plc

(the "Company" or the "Group")

Director/PDMR Dealing

Plastics Capital (AIM: PLA), the niche plastics products group, announces that Faisal Rahmatallah, Chairman of the Company, has been awarded 42,656 ordinary shares of 1p each in the Company to satisfy payment due pursuant to the Company's 2011 Long Term Incentive Plan ("LTIP"), which has now terminated. The shares have been transferred from the Company's existing employee benefit trust.   Further detail is set out below.

Director/PDMR notification - Faisal Rahmatallah

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Faisal Rahmatallah
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plastics Capital 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 1p each in the capital of Plastics Capital plc Company ISIN: GB00B289KK20
b)	Nature of the transaction	Award of ordinary shares under Company's Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) Transfer for nil consideration 42,656
d)	Aggregated information - Aggregated volume - Price	42,656 £Nil
e)	Date of the transaction	18 August 2016
f)	Place of the transaction	London Stock Exchange (AIM)

Plastics Capital plc	Tel: [phone]
Faisal Rahmatallah, Chairman
Nick Ball, Finance Director
Cenkos Securities	Tel: [phone]
(Nomad and joint broker) Mark Connelly Callum Davidson
Allenby Capital Limited	Tel: [phone]
(Joint broker) David Hart
Katrina Perez
Walbrook PR Ltd	Tel: [phone]/[e-mail]
Paul Cornelius	Mob: [phone]
Helen Cresswell	Mob: [phone]

Notes to Editor

Plastics Capital is a niche manufacturer of specialist plastic products.  Applications for these products vary widely and examples include:

·     Packaging for the food manufacturing and distribution - films, sacks and pouches

·     Steering columns and instrument control knobs in the automotive industry -  plastic ball bearings

·     Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

·     Cardboard box manufacture - plastic creasing matrices

Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

The business operates through two divisions, Films and Industrial, and has the majority of its production in five UK based factories, with a further three factories in Asia.  Approximately 40% of its £55 million sales are made outside the UK to more than 80 countries.

 

END

 

 

DSHUUUNRNBAWUAR