Director/PDMR Shareholding

RNS Number : 7951I

Big Yellow Group PLC

23 March 2018

 

23 March 2018

Big Yellow Group PLC

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them.

Big Yellow Group PLC ("Big Yellow" or "Company") was notified on 23 March 2018, Nicholas Vetch, Executive Chairman, and his wife Catherine, have entered into individual personal loan arrangements ("Loans") with J.P. Morgan International Bank Limited ("Bank") and granted pledges in favour of the Bank over ordinary shares of 10 pence each in the Company ("Shares") as security in connection with the Loans.

Details are set out in the table below along with the Director's beneficial interests, which remain unchanged.

Director	Number of Shares pledged	Holding of Shares	Holding as a percentage of issued ordinary share capital
Nicholas Vetch	700,000	9,059,881	5.73%

1.	Details of PDMR / person closely associated with them ('PCA')
a)	Name	Nicholas Vetch
b)	Position / status	Executive Chairman
c)	Initial notification / amendment	Initial Notification
2.	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	Ordinary Shares of Big Yellow Group PLC (the "Company").
b)	Nature of the transaction	Mr Vetch and his wife Catherine have granted pledges in favour of J.P. Morgan International Bank Limited over ordinary shares of 10 pence each in the Company ("Shares") as security in connection with the Loans. Following this transaction, Mr Vetch's holding has remained at 9,059,881 shares, representing 5.73% of the issued share capital of the Company.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 700,000
d)	Aggregated information Aggregated volume Price	700,000 shares N/A
e)	Date of the transaction	23 March 2018
f)	Place of the transaction	Outside trading venue

 

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