Director/PDMR Shareholding

RNS Number : 5779E

Molins PLC

04 November 2015

 

                                                                                          4 November 2015

MOLINS PLC

 (the "Company")

Director Dealings and Holdings in Company

The Board announces that on 3 November 2015, the following transactions were undertaken by Dick Hunter and David Cowen (Chief Executive and Group Finance Director respectively) in the Company's Ordinary Shares of 25 pence each ("Ordinary Shares"):

·   Mr Hunter exercised in full a conditional grant over Ordinary Shares awarded on 28 February 2012 under the Molins PLC Deferred Share Plan ("the Plan"). Upon exercise, the Molins PLC Employee Trust ("the Trust") transferred 69,600 Ordinary Shares to Mr Hunter, which were then sold by Mr Hunter in the open market. Mr Hunter's beneficial interest following this transaction remains in 75,000 Ordinary Shares, representing 0.4% of the Company's issued share capital.

·   Mr Cowen exercised in full a conditional grant over Ordinary Shares awarded on 28 February 2012 under the Plan. Upon exercise, the Trust transferred 61,600 Ordinary Shares to Mr Cowen, which were then sold by Mr Cowen back to the Trust. Mr Cowen's beneficial interest following this transaction remains in 100,219 Ordinary Shares, representing 0.5% of the Company's issued share capital.

All transactions were completed at a price of 75 pence per Ordinary Share. 

For further information, please contact:

Molins PLC David Cowen, Group Finance Director	Tel: [phone]
Panmure Gordon (UK) Limited (NOMAD)  Dugald Carlean/ Peter Steel - Corporate Finance Tom Salvesen - Corporate Broking	Tel: [phone]
KTZ Communications Katie Tzouliadis	Tel: [phone]

 

END

 

 

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