Director/PDMR Shareholding

RNS Number : 8803Q

Angling Direct PLC

02 March 2021

 

2 March 2021

Angling Direct  plc

("Angling Direct" or the "Company")

 PDMR Transfer of Shares

Angling Direct plc (AIM: ANG), the leading omni-channel specialist fishing tackle and equipment retailer, announces that Martyn Page, Executive Chairman, has today transferred a total of 375,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") for nil consideration to his adult children as part of his long-term financial planning ("the Transfer").

To underpin his continued long-term commitment to the Company, Mr Page has entered in to a lock-in agreement with the Company and N+1 Singer on customary terms preventing him from selling any Ordinary Shares before 2 March 2022. 

Following the Transfer, Mr Page holds 11,010,000 Ordinary Shares representing 14.2% of the Company's issued share capital.

For further information please contact:

Angling Direct plc	[phone]
Martyn Page, Executive Chairman Andy Torrance, Chief Executive Officer Steven Crowe, Chief Financial Officer
N+1 Singer - NOMAD and Broker	[phone]
Peter Steel, Alex Bond (Corporate Finance) Tom Salvesen (Corporate Broking)
FTI Consulting - Financial PR	[phone]
Alex Beagley James Styles Alice Newlyn

About Angling Direct

Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK. The Company sells fishing tackle products and related equipment through its network of retail stores, located strategically throughout the UK as well as through its leading digital platform (  www.anglingdirect.co.uk  .de, .fr and .nl) and other third-party websites.

Angling Direct is committed to supporting its active customer base and widening access to the angling community through its passionate colleagues, store-based qualified coaches, social media reach and  ADTV YouTube  channel. The Company currently sells over 20,000 fishing tackle products, including capital items, consumables, luggage and clothing. Angling Direct also owns and sells fishing tackle products under its own brand 'Advanta', which was formally launched in March 2016.

From 1986 to 2002, the Company's founders acquired interests in a number of small independent fishing tackle shops in Norfolk and, in 2002, they acquired a significant premise in Norwich, which was branded Angling Direct. Since 2002, the Company has continued to acquire or open new stores, taking the total number up to 38 retail stores. In 2015, the Company opened a 30,000 sq. ft central distribution centre in Rackheath, Norfolk, where the Company's head office is also located. Angling Direct has an established, and rapidly growing, presence in Europe with native language websites set up in key regions to address demand.

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	Martyn Page
2	Reason for the notification
a)	Position/status	Executive Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Angling Direct plc
b)	LEI	213800WAVVOPS85N2205
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 1 pence each GB00BF1XGQ00
b)	Nature of the transaction	Transfer of Ordinary Shares
c)	Price(s) and volume(s)	Price	Volume
		N/A	375,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	2 March 2021
f)	Place of the transaction	Off-market

 

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