Director/PDMR Shareholding

RNS Number : 9667Q

Ince Group PLC (The)

24 June 2020

 

24 June 2020

THE INCE GROUP PLC (the "Company")

Director and PDMR Transaction

The Company has been informed that Adrian Biles, a director of the Company, and John Biles, a PDMR, today transferred 2,285,080 ordinary shares of 1 pence each ("Ordinary Shares") from their joint interest to be held on trust as collateral for the commitments of an entity engaged in underwriting activities with Lloyd's of London in which they are interested. 

As a result of this transaction Adrian Biles' and John Biles' directly held joint holding is now 1,048,253 Ordinary Shares, representing 1.5% of the Company's issued ordinary share capital, and they continue to be jointly interested in a total of 3,333,333 Ordinary Shares which were previously jointly held, representing 4.8% of the Company's issued ordinary share capital.

Their respective individual interests of 7,610,664 and 1,537,880 Ordinary Shares are unchanged, representing 11.1% and 2.2% of the Company's issued ordinary share capital. 

Overall, both Adrian and John Biles each continue to be interested in the same number of shares as prior to the transfer.

FOR FURTHER INFORMATION, PLEASE CONTACT:

The Ince Group plc  [e-mail]

Adrian Biles, Group Chief Executive

Simon Oakes, Chief Financial Officer

Arden Partners plc

Nominated Advisor and Broker to the Company  [phone]

John Llewellyn-Lloyd, Corporate Finance

Ciaran Walsh, Corporate Finance

Dan Gee-Summons, Corporate Finance

Fraser Marshall, Equity Sales

Portland Communications   [phone]

Steffan Williams  [e-mail]

Simon Hamer

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	Adrian Biles (CEO) John Biles (Head of Finance and Administration)
2	Reason for the notification
a)	Position/status	See 1 a) above
b)	Initial notification/ Amendment	Initial Notification
	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	The Ince Group plc
b)	LEI	2138005A5XOTI2MHP510
	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  GB00BZBY3Y09
b)	Nature of the transactions	Transfer of shares from their joint interests to be held on trust as collateral for the commitments of an entity in which they are interested
c)	Price(s) and volume(s)	Director/PDMR Price(s)  Volume(s) Adrian Biles (from joint interest) John Biles (from joint interest)  N/A N/A 1,142,540 1,142,540
d)	Aggregated information -  Aggregated volume -  Price	2, 285,080 N/A
e)	Date of the transaction	24 June 2020
f)	Place of the transaction	London Stock Exchange (XLON) Out of a trading venue

 

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