Director/PDMR Shareholding

RNS Number : 3059O

Van Elle Holdings PLC

16 May 2018

 

For immediate release

16 May 2018

Van Elle Holdings plc

('Van Elle', the 'Group' or the 'Company')

Director Shareholding

Van Elle Holdings plc (AIM:VANL), the geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets, announces that Jon Fenton (CEO) has today sold 5,614,165 ordinary shares of two pence each in the Company, representing approximately 7.02% of the issued share capital. Following the trade, Jon Fenton no longer holds any ordinary shares in the Company. As announced on 3 May 2018, Jon is stepping down from the Board on 18 May 2018 as part of the Group's CEO succession process.

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	Jon Fenton
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Van Elle Holdings plc
b)	LEI	213800LQC6YL8KJT1Y18
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 £0.02 each ISIN: GB00BYX4TP46
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price      Shareholder No. of shares       85p Jon Fenton 5,614,165
d)	Aggregated information - Aggregated      volume - Price	Volume: 5,614,165 Weighted average price: 85p
e)	Date of the transaction	16 May 2018
f)	Place of the transaction	London Stock Exchange, AIM

- Ends -

For further information:

Van Elle Holdings plc
	Tel: [phone]
Adrian Barden, Non-Executive Chairman	www.watkinjonesplc.com
Peel Hunt LLP (Nominated Advisor & Joint Broker)		Tel: [phone]
Mike Bell / Justin Jones		www.peelhunt.com

Notes to Editors

Van Elle Holdings plc (AIM:VANL) is a geotechnical contractor offering a wide range of ground engineering techniques and services to customers in a variety of UK construction end markets

 

END

 

 

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