Exercise of Options, Director/PDMR Dealing & TVR

RNS Number : 2225A

Belvoir Group PLC

17 January 2020

 

BELVOIR GROUP PLC

(the "Company", the "Group" or "Belvoir")

Exercise of Options

Director/PDMR Dealing

and

Total Voting Rights

Belvoir Group plc (AIM: BLV), the UK's largest property franchise, announces that Dorian Gonsalves, the Group's Chief Executive Officer, has exercised options over 163,399 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") held under the terms of the Company's unapproved share option scheme at a price of 75 pence per Ordinary Share.  Following this exercise Mr Gonsalves has sold 143,399 of the resulting Ordinary Shares to assist with the resulting tax liability as well as the cost of the option exercise. Following the above transactions Mr Gonsalves holds 483,595 Ordinary Shares, representing approximately 1.37 per cent of the Company's total issued share capital.

Application has been made for the 163,399 Ordinary Shares arising as a result of the above to be admitted to trading on AIM which is expected to occur on 23 January 2020.  Following this issue the Company's total issued share capital consists of 35,102,005 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury.  Therefore the total number of voting rights in the Company is 35,102,005. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Dorian Gonsalves
2	Reason for 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	Belvoir Group PLC
b.	LEI	N/A
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	ISIN: GB00B4QY1P51
b.	Nature of the transaction	Acquisition of Ordinary Shares following the Exercise of Share Options and Sale of Ordinary Shares
c.	Price(s) and volume(s)
			Price(s)	Volume(s)
			75p	163,399	Purchase
			153.98p	15,000	Sale
			149p	40,000	Sale
			145.148p	30,000	Sale
			139.4417p	58,399	Sale
d.	Aggregated information Aggregated Purchase Volume Aggregated Purchase Price Aggregated Sale Volume Aggregated Sale Price	163,399 75p 143,399 144.822p
e.	Date of the transaction	17 January 2020
f.	Place of the transaction	London Stock Exchange

For further details:

Belvoir Group PLC Dorian Gonsalves, Chief Executive Officer Louise George, Chief Financial Officer www.belvoirgroup.com	01476 584900 [e-mail]
finnCap Julian Blunt, Teddy Whiley (Corporate Finance) Tim Redfern, Manasa Patil (ECM) www.finncap.com	[phone]
Buchanan Charles Ryland, Victoria Hayns & Tilly Abraham	[phone]

Notes:

About Belvoir Group PLC

Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with 397 offices across five brands specialising in residential lettings, property management, residential sales and property-related financial services. With its Central Office in Grantham, Lincolnshire, the Group manages around 66,000 properties and reported record revenues of £13.7m in 2018 making Belvoir the largest property franchise group in the UK.

For further information, please visit: www.belvoirgroup.com

 

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