Director/PDMR Shareholding

RNS Number : 8104V

Maintel Holdings PLC

20 April 2016

 

Maintel Holdings Plc ("Maintel" or "the Company")

Director/PDMR Shareholding

The Company was notified today that on 20 April 2016, Angus McCaffery, Executive Director of Maintel, granted security over 2,047,688 Ordinary Shares against a bank loan made to him (the "Loan"). This security is expected to be effected on 26 April 2016. Subject to, inter alia, Admission, the Loan will be used to buy 142,857 Ordinary Shares pursuant to Mr McCaffery's participation in the Placing (the "Placing Shares"), as announced at 2.00 p.m. on 8 April 2016. Upon Admission, Mr McCaffery has also undertaken to grant security over the Placing Shares. These pledged shares represent 19.0 per cent. of the Company's current issued share capital and upon Admission, will represent 15.4 per cent. of the Company's Enlarged Share Capital.

Mr McCaffery intends to redeem the pledged Ordinary Shares when the Loan is repaid.

The loan facility has been arranged and the funding provided by a bank. Under the terms of the share charge, until the bank makes demand for payment, the bank will hold all dividends for the account of Mr McCaffery and will exercise all voting rights as Mr McCaffery reasonably directs.

Mr McCaffery's beneficial shareholding in Maintel remains unchanged and currently totals 2,055,779 Ordinary Shares (representing approximately 19.1 per cent. of the current issued share capital of the Company).

Enquiries:

Maintel Holdings plc

Dale Todd - Company Secretary 020 7401 0562

finnCap

Jonny Franklin-Adams / Emily Watts 020 7220 0500

Defined terms used in this announcement will have the meaning (unless the context otherwise requires) as set out in the Admission Document which is available on the Company's website www.maintel.co.uk. This announcement should be read in conjunction with the Admission Document published by the Company on 8 April 2016.

 

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