PDMR Share Purchase

RNS Number : 0752B

Van Elle Holdings PLC

09 February 2022

 

Van Elle Holdings plc

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

PDMR Share Purchase

Van Elle Holdings plc (AIM:VANL) announces that it has been notified that Mr Mark Cutler, Chief Executive Officer, has purchased 150,000 ordinary shares of 2 pence each in the Company ("Ordinary Shares") each at a price of 42.0 pence per share. Following this purchase, Mr Cutler is interested in 752,767 Ordinary Shares, representing approximately 0.71% of the Company's voting share capital.

The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:

1.	Details of the person discharging managerial responsibilities / person closely associated
a.	Name	Mr Mark Cutler
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 2p each ISIN: GB00BYX4TP46
b.	Nature of the transaction	Purchase of ordinary shares
c.	Price(s) and volume(s)		Price(s)	Volume(s)
			42.0p	150,000
d.	Aggregated information -  Aggregated volume -  Price	N/A
e.	Date of the transaction	8 February 2022
f.	Place of the transaction	London Stock Exchange, AIM

Enquiries:

Van Elle Holdings plc	Via Walbrook
Mark Cutler, Chief Executive Officer
Graeme Campbell, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and corporate broker)	Tel: [phone]
Mike Bell/Ed Allsopp
Walbrook PR Limited	Tel: [phone] or  [e-mail]
Tom Cooper/Nick Rome/Nicholas Johnson	07971 221 972 or 07748 325 236 or 07884 664 686

About Van Elle Holdings plc:

Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. The Company provides a range of ground engineering techniques and services including - ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.

Van Elle operates through three divisions: General Piling, Specialist Piling and Ground Engineering; and is focused on three end markets: residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.

General Piling provides a range of larger piling and ground engineering solutions for open-site construction projects. Specialist Piling provides a range of geotechnical solutions in operationally constrained environments including on-track rail applications. Ground Engineering services offers a range of ground investigation and geotechnical services and modular foundation solutions such as Smartfoot®. Van Elle has a market-leading reputation and the UK's largest rig fleet of 120 rigs.

Having floated on AIM in 2016 it now has a strong national presence, diversified offering and market-leading brand name.

 

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