Director/PDMR Shareholding

RNS Number : 7608Z

Coral Products PLC

22 May 2019

 

CORAL PRODUCTS PLC

("Coral" or the "Group")

Directors' Dealings

Coral Products plc, a specialist in the design, manufacture and supply of plastic products, announces that it was informed on 21 May 2019 that on that date Mick Wood, a Director of the Company, and Joe Grimmond, Non-Executive Chairman of the Company, respectively purchased 37,037 ordinary shares and 50,000 ordinary shares in the Company, representing 0.04 per cent. and 0.06 per cent. of the Company's issued ordinary share capital, at a price of 8.1 pence and 7.99 pence per share respectively.

In addition, Noelle Low, spouse of David Low, a Non-Executive Director of the Company, purchased 50,000 ordinary shares in the Company, representing 0.06 per cent of the Company's issued share capital, at a price of 8.4 pence per share on 21 May 2019.

Following this announcement, Mr Wood holds 223,601 ordinary shares in the Company, representing 0.27 per cent. of the Company's issued ordinary share capital. Mr Grimmond holds 5,373,337 ordinary shares in the Company, representing 6.50 per cent. of the Company's issued ordinary share capital. Noelle and David Low hold 980,000 ordinary shares in the Company, representing 1.19 per cent. of the Company's issued share capital.

This announcement contains inside information for the purpose of Article 7 of the EU Regulation 596/2014 and has been arranged for release by Sharon Gramauskas, Finance Director of the Company.

For further information please contact:

Enquiries

Coral Products plc Joe Grimmond, Non-Executive Chairman Mick Wood, CEO	Tel: [phone]
Nominated Adviser and Broker Cairn Financial Advisers LLP Tony Rawlinson / Liam Murray	Tel: [phone]
Capital Markets Consultants Limited Richard Pearson	Tel: [phone]

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	a)    Mick Wood b)    Joe Grimmond c)     Noelle Low
2	Reason for notification
a.	Position/Status	a)    Director of Coral Products plc b)    Non-Executive Chairman of Coral Products plc c)     Spouse of Non-Executive Director of Coral Products plc
b.	Initial notification/ Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Coral Products plc
b.	LEI	213800M2XLY2QGBMUN82
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 ISIN: GB0002235736
b.	Nature of the transaction	Purchase of shares
c.	Price(s) and volume(s)
			Price(s) per share	Volume(s)
			a)    8.1p b)    7.99p c)     8.4p	a)    37,037 b)    50,000 c)     50,000
d.	Date of the transaction	21 May 2019
e.	Place of the transaction	UK

 

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