Director/PDMR Shareholding

RNS Number : 5287U

Hangar 8 Plc

03 December 2013

 



Hangar 8 plc ("Hangar8" or "the Company")

Director Shareholding

Hangar 8, one of Europe's largest operators of privately owned passenger jet aircraft, announces it was informed today that, following institutional demand for stock, Dustin Dryden, Chief Executive Office, sold 750,000 ordinary shares on Friday 29 November 2013 at 205p per share.  Following this disposal, Mr Dryden has an interest in 3,266,933 ordinary shares representing approximately 34.6 per cent of the issued ordinary share capital of the Company.

Nigel Payne, Non-Executive Chairman, commented, "Dustin has done an exceptional job in building the business and, as the founder of Hangar8, has never sold a share since its inception.  By disposing of these shares we have satisfied some institutional demand following the announcement of our final results, and will assist in our desire to improve liquidity."

Enquiries:

Hangar 8 plc		[phone]
Dustin Dryden, Chief Executive Officer
Kevin Callan, Chief Financial Officer
Citigate Dewe Rogerson		+ 44 (0) 20 7638 9571
Chris Jarvis, Associate Director		[phone]
[e-mail]
Jonathan Smith, Director		[phone]
[e-mail]
Cantor Fitzgerald Europe		[phone]
Mark Percy / Catherine Leftley (Corporate Finance)
David Banks / Paul Jewell (Corporate Broking)

 

END

 

 

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