Directors Dealing

RNS Number : 3754X

Driver Group plc

21 February 2017

 

Driver Group plc
("Driver Group" or the "Company")

Director dealing

Driver Group plc (AIM: DRV), the global professional services consultancy to construction and engineering industries, announces that certain directors of the Company irrevocably committed to participate in the placing announced on 17 February 2017 at the placing price of 40 pence per ordinary share. Further details of their participation are set out below.

Director	Number of Existing Ordinary Shares held	Number of Placing Shares being acquired	Total number of Ordinary Shares held following the Placing1	Percentage of Enlarged Share Capital1
Steve Norris	187,562	50,000	237,562	0.46%
Gordon Wilkinson	400,000	250,000	650,000	1.25%
Hugh Cawley	21,191	25,000	46,191	0.09%
Colin Davies	100,000	-	100,000	0.19%
John Horgan	-	50,000	50,000	0.10%

¹ Assuming nil take-up by any Shareholders under the Open Offer

The notification at the end of this announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the Director's dealings.

Enquiries:
Driver Group plc Gordon Wilkinson (CEO) Hugh Cawley, (CFO)	[phone] [phone]
N+1 Singer (Nominated Adviser & Broker) Sandy Fraser James White Alex Laughton-Scott	[phone]

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	Gordon Wilkinson
2	Reason for the notification
a)	Position/status	Chief Executive Officer of Driver Group plc
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Driver 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	Ordinary Shares of 0.4p each ("Ordinary Shares") ISIN Code: GB00B0L9CO92
b)	Nature of the transaction	Irrevocable commitment to purchase Ordinary Shares
c)	Price(s) and volume(s)	Price(s): Volume(s): 40 pence 250,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	17/02/2017
f)	Place of the transaction	N/A

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Norris
2	Reason for the notification
a)	Position/status	Non-Executive Chairman of Driver Group plc
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Driver 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	Ordinary Shares of 0.4p each ("Ordinary Shares") ISIN Code: GB00B0L9CO92
b)	Nature of the transaction	Irrevocable commitment to purchase Ordinary Shares
c)	Price(s) and volume(s)	Price(s): Volume(s): 40 pence 50,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	17/02/2017
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hugh Cawley
2	Reason for the notification
a)	Position/status	Chief Financial Officer of Driver Group plc
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Driver 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	Ordinary Shares of 0.4p each ("Ordinary Shares") ISIN Code: GB00B0L9CO92
b)	Nature of the transaction	Irrevocable commitment to purchase Ordinary Shares
c)	Price(s) and volume(s)	Price(s): Volume(s): 40 pence 25,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	17/02/2017
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	John Horgan
2	Reason for the notification
a)	Position/status	Non-Executive Director of Driver Group plc
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Driver 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	Ordinary Shares of 0.4p each ("Ordinary Shares") ISIN Code: GB00B0L9CO92
b)	Nature of the transaction	Irrevocable commitment to purchase Ordinary Shares
c)	Price(s) and volume(s)	Price(s): Volume(s): 40 pence 50,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	17/02/2017
f)	Place of the transaction	London Stock Exchange

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