Director/PDMR Shareholding

RNS Number : 1785K

AJ Bell PLC

12 December 2018

 

AJ Bell plc

("AJ Bell", the "Company" or the "Group")

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

AJ Bell, one of the UK's largest investment platforms, today announces dealings in the Company's Ordinary Shares by certain directors of the Board (the "Directors") and senior managers (the "Senior Managers") of the Company (the "Transactions"). The Transactions took place as part of the Company's Initial Public Offer announced on 7 December 2018. Full disclosure of the Transactions can be found below. 

Following the Transactions, each of the Directors and Senior Managers own the following Ordinary Shares in the Company.

	Shareholding following the Transactions
	Ordinary Shares	% of the Company's Issued Share Capital
Directors
Les Platts	669,935(1)	0.2%
Andy Bell	103,734,970(2)	25.5%
Michael Summersgill	2,290,109(3)	0.6%
Laura Carstensen	104,090	0.03%
Eamonn Flanagan	166,590(4)	0.04%
Simon Turner	328,581	0.1%
Senior Managers
Charles Galbraith	3,408,477(5)	0.8%
Fergus Lyons	19,911,242(6)	4.9%
Louis Petherick	313,025	0.1%
Bruce Robinson	555,544(7)	0.1%
Roger Stott	862,396(8)	0.2%

Notes:

(1)   All shares shown are held on trust for Les Platt's wife, Elisabeth Anne Platts.

(2)   Andy Bell's shareholding comprises: 81,397,868 Ordinary Shares held by Andy Bell, of which 4,704,000 Ordinary Shares are held on trust for his wife, Tracey Bell; 257,102 Ordinary Shares held by the A J Bell Trust, a charitable trust of which Andy Bell is a director of the professional trustee company; 2,880,000 Ordinary Shares  held by Blythe Family Trust, a discretionary trust of which Andy Bell and his wife Tracey Bell are both settlors and trustees; and 19,200,000 Ordinary Shares held by Blythe Investments, a company controlled by Andy Bell and his wife Tracey Bell. Andy Bell's shareholding shown excludes 31,250 Ordinary Shares owned by Andy Bell's wife, Tracey Bell, and excludes 62,500 Ordinary Shares owned by Andy Bell's children.

(3)   731,272 Ordinary Shares are held on trust for Michael Summersgill's wife, Lucy Summersgill.

(4)   All shares shown are held on trust for Eamonn Flanagan's wife, Marion Flanagan.

(5)   1,937,054 Ordinary Shares are held on trust for Charles Galbraith's wife, Bridget Galbraith. Charles Galbraith's shareholding shown excludes 37,500 Ordinary Shares owned by Charles Galbraith's children.

(6)   Fergus Lyons' shareholding comprises: 12,807,250 Ordinary Shares are held by Fergus Lyons, of which 288,000 Ordinary Shares are held on trust for his children, and 7,103,992 Ordinary Shares are held by Bestfield Investments, a company, owned and controlled by Fergus Lyons and his wife Caroline Anne Lyons. Fergus Lyons' shareholding shown excludes 125,000 Ordinary Shares owned by Fergus Lyons' children.

(7)   120,638 Ordinary Shares are held on trust for Bruce Robinson's wife, Diana Robinson. Bruce Robinson's shareholding shown excludes 4,062 Ordinary Shares owned by Bruce Robinson's wife, Diana Robinson, and excludes 5,624 Ordinary Shares owned by his child, Sabine Robinson.

(8)   All shares shown are held on trust for Roger Stott's wife, Julie Stott. In the Company's Pricing Statement dated 7 December 2018, Roger Stott's shareholding post Admission is shown as 874,896 Ordinary Shares. The figure of 874,896 Ordinary Shares includes 12,500 Ordinary Shares acquired by Roger Stott's wife, Julie Stott, in the Company's Qualifying Offer.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

ENQUIRIES

AJ Bell                                    

Shaun Yates, Head of Investor Relations                                                [phone]

Bruce Robinson, Company Secretary                                                      [phone]

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Les Platts
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	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	a)   Sale of Ordinary Shares b)   Purchase of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		a)  160p b)  160p	a)  67,493 b)  62,500
e)	Aggregated information - Aggregated volume - Price - Aggregated total	a) £107,988.80 b) £100,000.00
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Andy Bell
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	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	c)   Sale of Ordinary Shares - Andy Bell d)   Purchase of Ordinary Shares - Andy Bell e)   Purchase of Ordinary Shares - A J Bell Trust f)    Purchase of Ordinary Shares - Tracey Bell g)   Purchase of Ordinary Shares - Andy Bell's children
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		c)  160p d)  160p e)  160p f)   160p g)  160p	c)  11,339,256 d)  31,250 e)  118,750 f)   31,250 g)  62,500
e)	Aggregated information - Aggregated volume - Price - Aggregated total	c) £18,142,809.60 d) £50,000.00 e) £190,000.00 f) £50,000.00 g) £100,000.00
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Michael Summersgill
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	h)   Sale of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		h)  160p	h)  436,211
e)	Aggregated information - Aggregated volume - Price - Aggregated total	h) £697,937.60
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Laura Carstensen
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	i)    Sale of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		i)   160p	i)   11,566
e)	Aggregated information - Aggregated volume - Price - Aggregated total	i) £18,505.60
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Eamonn Flanagan
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	j)    Sale of Ordinary Shares k)   Purchase of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		j)   160p k)  160p	j)   11,566 k)  62,500
e)	Aggregated information - Aggregated volume - Price - Aggregated total	j) £18,505.60 k) £100,000.00
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Simon Turner
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	l)    Sale of Ordinary Shares m)  Purchase of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		l)   160p m) 160p	l)   33,037 m) 31,250
e)	Aggregated information - Aggregated volume - Price - Aggregated total	l) £52,859.20 m) £50,000.00
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Charles Galbraith
2	Reason for the notification
a)	Position/status	Managing Director, AJ Bell Youinvest
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	n)   Sale of Ordinary Shares o)   Purchase of Ordinary Shares - Charles Galbraith p)   Purchase of Ordinary Shares - Charles Galbraith's children
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		n)  160p o)  160p p)  160p	n)  366,914 o)  106,250 p)  37,500
e)	Aggregated information - Aggregated volume - Price - Aggregated total	n) £587,062.40 o) £170,000.00 p) £60,000.00
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Fergus Lyons
2	Reason for the notification
a)	Position/status	Managing Director, AJ Bell Investcentre
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	q)   Sale of Ordinary Shares - Fergus Lyons r)    Sale of Ordinary Shares - Bestfield Investments s)   Purchase of Ordinary Shares - Fergus Lyons' children
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		q)  160p r)   160p s)  160p	q)  2,591,812 r)   576,000 s)  125,000
e)	Aggregated information - Aggregated volume - Price - Aggregated total	q) £4,146,899.20 r) £921,600.00 s) £200,000.00
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Louis Petherick
2	Reason for the notification
a)	Position/status	Chief Risk Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	t)    Sale of Ordinary Shares
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		t)   160p	t)   34,781
e)	Aggregated information - Aggregated volume - Price - Aggregated total	t) £55,649.60
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Bruce Robinson
2	Reason for the notification
a)	Position/status	Group Legal Services Director & Company Secretary
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	u)   Sale of Ordinary Shares v)    Purchase of Ordinary Shares - Bruce Robinson w)   Purchase of Ordinary Shares - Diana Lee Robinson x)   Purchase of Ordinary Shares - Sabine Alice Robinson
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		u)  160p v)   160p w)  160p x)  160p	u)  59,887 v)   16,562 w)  4,062 x)  5,624
e)	Aggregated information - Aggregated volume - Price - Aggregated total	u) £95,819.20 v) £26,499.20 w) £6,499.20 x) £8,998.40
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Roger Stott
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	AJ Bell plc
b)	Legal Entity Identifier	213800VNKA7DPWXWJJ36
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 £0.000125 each  GB00BFZNLB60
b)	Nature of the transaction	y)   Sale of Ordinary Shares z)   Purchase of Ordinary Shares - Roger Stott aa)  Purchase of Ordinary Shares - Julie Stott
c)	Currency	GBP
d)	Price(s) and volume(s)	Price(s)	Volume(s)
		y)  160p z)  160p aa) 160p	y)  91,655 z)  37,500 aa) 12,500
e)	Aggregated information - Aggregated volume - Price - Aggregated total	y) £146,648.00 z) £80,000.00 aa) £20,000.00
f)	Date of the transaction	7 December 2018
g)	Place of the transaction	London Stock Exchange (XLON)

 

END

 

 

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