Director/PDMR Shareholding

RNS Number : 6109J

Lok'n Store Group PLC

18 July 2013

 

Lok'nStore Group plc (Lok'nStore' or the 'Company')

Director/PDMR Shareholding

The Company was notified on 17 July 2013 of the following transactions:

Ray Davies, an Executive Director, exercised options over 98,039 Ordinary Shares of 1 pence each in the Company ('Shares') that were awarded to him on 19 January 2004 at a grant price of 102p per share. The option was exercised in full and the shares were sold.

Colin Jacobs, an Executive Director, exercised options over 25,000 Shares that were awarded to him on 20 January 2004 at a grant price of 102p per share.  The option was exercised in full, 5,000 shares were retained by Mr Jacobs and the remaining 20,000 shares were sold.  Further, Mr Jacobs exercised options over 22,759 Shares that were awarded to him on 31 July 2004 at a grant price of 113p per share.  The option was exercised in full and the shares were sold.

The above transactions were carried out on 17 July 2013 at a price of 136p per share.

Application has been made to the London Stock Exchange for 150,798 new ordinary shares to admitted to trading on AIM. These new ordinary shares, which will rank pari passu in all respects with the existing shares, arise on the exercise of share options referred to above as well as the exercise of 5,000 options by an employee.  It is expected that admission will occur on 24 July 2013.

Following these transactions the Directors interests in the issued share capital of the Company are:

Ray Davies, 42,753 shares, representing 0.17%;

Colin Jacobs, 25,000 shares (20,000 held in a pension scheme), representing 0.10%

For further information please contact:

Ray Davies, Finance Director	Lok'nStore Group plc	01252 521010
Billy Clegg/Oliver Winters/ Latika Shah	FTI Consulting	0207 831 3113
Dominic Morley/Fred Walsh	Panmure Gordon	0207 886 2500

 

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