Notification of transactions

RNS Number : 9985G

Melrose Industries PLC

12 August 2016

 

12 August 2016

Notification of transactions of persons discharging managerial responsibility in accordance with Article 19(3) of the Market Abuse Regulation (2014/596/EU) ("MAR")

Melrose Industries PLC ("Melrose" or the "Company")

Melrose was notified on 9, 10 and 11 August 2016, pursuant to Article 19(1) of MAR, that the transactions set out below occurred on the London Stock Exchange in connection with new ordinary shares of 48/7 pence each in the share capital of the Company, provisionally allotted (nil paid) with ISIN GB00BYQLYB32 (each a "Nil Paid Right"). Each of the persons identified below is a "person discharging managerial responsibility" or, where indicated, a "person closely associated", as each such term is defined in MAR.

Christopher Miller, Chairman, having been allotted 15,560,700 Nil Paid Rights on 9 August 2016, subsequently sold 5,103,232 Nil Paid Rights at a weighted average price of 48.0937 pence per Nil Paid Right and an aggregated value of £2,454,333.09 on 9 August 2016, in order to use the proceeds of sale of such Nil Paid Rights, together with a further cash investment of £7,480,261.51, to fund the take up of the remainder of the Nil Paid Rights allotted to him. On 11 August, Mr Miller took up 9,946,760 Nil Paid Rights at a price per Nil Paid Right of 95 pence. Mr Miller intends to take up 510,708 Nil Paid Rights, being the remainder of his entitlement, in due course, with the  aggregate cost of taking up his Nil Paid Rights being £9,934,594.60;

Harris & Sheldon Investments Limited, a person closely associated with Mr Miller, was allotted 9,294,984 Nil Paid Rights on 9 August 2016;

David Roper, Vice Chairman, having been allotted 13,178,856 Nil Paid Rights on 9 August 2016, subsequently sold 4,457,029 Nil Paid Rights at a weighted average price of 48.0937 pence per Nil Paid Right and an aggregated value of £2,143,550.16 on 9 August 2016, in order to use the proceeds of sale of such Nil Paid Rights, together with a further cash investment of £6,142,185.49, to fund the take up of the remainder of the Nil Paid Rights allotted to him. On 9 August, Mr Roper took up 1,206,816 Nil Paid Rights and on 11 August, Mr Roper took up 7,515,011 Nil Paid Rights, being the remainder of his entitlement, each at a price per Nil Paid Right of 95 pence and an aggregate cost of £8,285,735.65;

Lydia Roper, a person closely associated with Mr Roper, was allotted 282,228 Nil Paid Rights on 9 August 2016;

Simon Peckham, Chief Executive, having been allotted 13,288,092 Nil Paid Rights on 9 August 2016, subsequently sold 6,729,970 Nil Paid Rights at a weighted average price of 48.0937 pence per Nil Paid Right and an aggregated value of £3,236,691.58 on 9 August 2016, in order to use the proceeds of sale of such Nil Paid Rights, together with a further cash investment of £2,993,524.32, to fund the take up of the remainder of the Nil Paid Rights allotted to him. On 11 August, Mr Peckham took up 6,558,122 Nil Paid Rights, being the remainder of his entitlement, at a price per Nil Paid Right of 95 pence and an aggregate cost of £6,230,215.90;

Mr Peckham, having been allotted 318,492 Nil Paid Rights on 9 August 2016 jointly with Geraldine Watson, being a person closely associated with Mr Peckham, took up those rights in full at a price per Nil Paid Right of 95 pence on 9 August 2016 and an aggregate investment of £302,567.40;

Geoffrey Martin, Group Finance Director, having been allotted 6,543,324 Nil Paid Rights (held in uncertificated form) and 12 Nil Paid Rights (held in certificated form) on 9 August 2016, subsequently sold 2,948,415 of those Nil Paid Rights held in uncertificated form at a weighted average price of 48.0937 pence per Nil Paid Right and an aggregated value of £1,418,001.86 on 9 August 2016, in order to use the proceeds of sale of such Nil Paid Rights, together with a further cash investment of £1,997,161.69, to fund the take up of the remainder of those Nil Paid Rights held in uncertificated form allotted to him. On 11 August, Mr Martin took up 3,594,909 Nil Paid Rights, being the remainder of his entitlement which is held in uncertificated form, at a price per Nil Paid Right of 95 pence and an aggregate cost of £3,415,163.55;

John Grant, Senior Non-executive Director, having been allotted 481,692 Nil Paid Rights on 9 August 2016, subsequently purchased a further 110,804 Nil Paid Rights in the market at a price of 51.35 pence per Nil Paid Right and an aggregated price of £56,897.85 on 9 August 2016. On 9 August 2016, Mr Grant took up his aggregate entitlement of 592,496 Nil Paid Rights in full at a price per Nil Paid Right of 95 pence. His aggregate investment (including the cost of 51.35 pence per Nil Paid Right for market purchases) was £619,769.05;

Justin Dowley, Non-executive Director, having been allotted 794,868 Nil Paid Rights on 9 August 2016, subsequently purchased a further 188,953 Nil Paid Rights in the market at a price of 53.42 pence per Nil Paid Right and an aggregated price of £100,938.69 on 9 August 2016. On 10 August 2016, Mr Dowley took up his aggregate entitlement of 983,821 Nil Paid Rights in full at a price per Nil Paid Right of 95 pence. His aggregate investment (including the cost of 53.42 pence per Nil Paid Right for market purchases) was £1,035,568.64;

Elizabeth Hewitt, Non-executive Director, having been allotted 42,348 Nil Paid Rights on 9 August 2016, subsequently purchased a further 75,000 Nil Paid Rights in the market at a price of 51.35 pence per Nil Paid Right and an aggregated price of £38,512.50 on 9 August 2016. On 9 August 2016, Ms Hewitt took up her aggregate entitlement of 117,348 Nil Paid Rights in full at a price per Nil Paid Right of 95 pence. Her aggregate investment (including the cost of 51.35 pence per Nil Paid Right for market purchases) was £149,993.10;

David Lis, Non-executive Director, purchased 307,447 Nil Paid Rights at a price of 51.35 pence per Nil Paid Right and an aggregated price of £157,874.03 on 9 August 2016.  On 11 August 2016, Mr. Lis took up his entitlement of 307,447 Nil Paid Rights in full at a price per Nil Paid Right of 95 pence.  His aggregate investment (including the cost of 51.35 pence per Nil Paid Right for market purchases) was £449,948.65.

Enquiries:

Montfort Communications
Charlotte McMullen	[phone]

IMPORTANT NOTICE

This announcement is for information purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for, any securities in Melrose or any other entity. Securities of Melrose have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration thereunder.

 

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