Purchase of own shares and Director dealing

RNS Number : 4613F

Pittards PLC

16 November 2020

 

16 November 2020

Pittards plc

("Pittards", the "Group" or the "Company")

Purchase of own shares and Director/ PDMR dealing

Pittards plc (AIM: PTD), the AIM listed manufacturer of specialty leather, announces that on 13 November 2020 it purchased 934,210 of its own ordinary shares of 50p each ("Ordinary Shares") at a price of 38 pence to be held as treasury shares.

The Company now holds 934,210 Ordinary Shares in treasury, and it is anticipated that these shares will principally be used to settle LTIP obligations.

In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following this purchase for treasury its issued share capital will remain the same and consist of 13,888,690 Ordinary Shares of which 934,210 are held in Treasury. Therefore, the total number of voting rights in the Company is 12,954,480. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

The Company, on 16 November 2020, also received notification of the following dealings in ordinary shares of 50p each in the capital of the Company.

Stephen Yapp, Non-Executive Chairman, purchased 65,789 Ordinary Shares at a price of 38 pence per share.

Reg Hankey, Chief Executive Officer, purchased 65,789 Ordinary Shares at a price of 38 pence per share.

Richard Briere, Chief Financial Officer, purchased  39,392 Ordinary Shares at a price of 38 pence per share.

Godfrey Davis, Non-Executive Director, purchased 26,315 Ordinary Shares at a price of 38 pence per share.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation,

provides further detail.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

Pittards plc
Stephen Yapp - Chairman Reg Hankey - Chief Executive Richard Briere - Chief Financial Officer	01527 830 630
WH Ireland (Nominated Adviser & Joint Broker)	www.whirelandcb.com
Mike Coe / Chris Savidge (Corporate Finance) Jasper Berry (Corporate Broking)	0207 220 1666

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Reg Hankey
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pittards plc
b)	LEI	213800HAJ6N27BURB995
4	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 of 50p each GB00BHB1XR83
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 38 p 65,789
d)	Aggregated information - Aggregated volume - Price	65,789 £ 25,000
e)	Date of the transaction	16 November 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Briere
2	Reason for the notification
a)	Position/status	CFO
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pittards plc
b)	LEI	213800HAJ6N27BURB995
4	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 of 50p each GB00BHB1XR83
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 38 p 39,392
d)	Aggregated information - Aggregated volume - Price	39,392 £ 14,969
e)	Date of the transaction	13 November 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Stephen Yapp
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pittards plc
b)	LEI	213800HAJ6N27BURB995
4	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 of 50p each GB00BHB1XR83
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 38 p 65,789
d)	Aggregated information - Aggregated volume - Price	65,789 £ 25,000
e)	Date of the transaction	16 November 2020
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Godfrey Davis
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pittards plc
b)	LEI	213800HAJ6N27BURB995
4	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 of 50p each GB00BHB1XR83
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 38 p 26,315
d)	Aggregated information - Aggregated volume - Price	26,315 £ 10,000
e)	Date of the transaction	13 November 2020
f)	Place of the transaction	London Stock Exchange, AIM

 

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