Director/PDMR Shareholding

RNS Number : 6665A

Wincanton PLC

30 May 2019

 

                                                                                                                                            30 May 2019

WINCANTON PLC ("Wincanton", "Company" or the "Group")

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

Wincanton has received notification that on 29 May 2019 Mr Adrian Colman, the Chief Executive of the Group, sold 579,237 ordinary shares of 10p (ten pence) each in the Company at a sale price of £2.68 per ordinary share.

The Company confirms that the total beneficial interest of Mr Colman and his connected persons in the issued share capital of the Company is 602,393 ordinary shares of 10p, which is in excess of the Company's minimum shareholding guidelines.

In accordance with Article 19(3) of the Market Abuse Regulation (2014/596/EU), the following transaction was made by a person discharging managerial responsibilities:

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Adrian Colman
2	Reason for the notification
a)	Position/status	PDMR: Chief Executive
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Wincanton Plc
b)	LEI	213800Z5WTW8QKOHWQ82
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 10p each ISIN: GB0030329360
b)	Nature of the transaction	Sale of 579,237 shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £2.68 £2.68 569,237 10,000
d)	Aggregated information	Sale of 579,237 shares
e)	Date of the transaction	29 May 2019
f)	Place of the transaction	London Stock Exchange, main market (XLON)

-Ends-

For further information please contact:

Wincanton Plc                                                                          Tel: [phone]

Adrian Colman, Chief Executive Officer

Tim Lawlor, Chief Financial Officer

Buchanan                                                                                 Tel: [phone]

Richard Oldworth / Vicky Hayns / Tilly Abraham

Notes to Editors

Wincanton is the largest British third party logistics company (3PL), providing supply chain solutions to some of the world's most admired brands across a wide range of industries including retail, construction, defence and energy.

As a trusted and respected business partner, we design and implement services and solutions that range from setting up and operating distribution networks through to bonded warehouses, technology hosting, container transport and storage. We strive for operational excellence in everything we do.

We work hard to understand and respond to our customers' needs, build long term relationships and use our skills and expertise to deliver a smarter, added value service, every day. Our customers rely on us to make their businesses operate more efficiently and to gain a competitive advantage in their sector.

Improved stock visibility and availability, reduction of lead times, collaborative warehousing and transport models, and an absolute commitment to continuous improvement, are just some of the reasons why many of our customer relationships extend to more than 20 years.

Key facts:

·      Annual revenue in the UK & Ireland exceeds £1.1 billion

·      Over 18,000 colleagues including 4,000+ drivers 

·      Operates from 200+ locations with 6.6 million square feet of warehousing across the UK and Ireland

·      Operating responsibility for around 3,400 vehicles

 

END

 

 

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