Director/PDMR Shareholding

RNS Number : 9351T

Plastics Capital PLC

11 January 2017

 

Plastics Capital plc

(the "Company" or the "Group")

Director/PDMR Dealing

Plastics Capital (AIM: PLA), the niche plastics products group, was informed today that, on 30^th December 2016, the directors of the Company listed in the table below (the "Directors") were issued a total of 106,718 ordinary shares of 1p each in the Company ("Ordinary Shares") to satisfy final payment due pursuant to the Company's Long Term Incentive Plan ("LTIP") put in place during 2010/11. The shares were transferred to the Directors from the Company's existing employee benefit trust. Further detail is set out below.

Director/PDMR notification

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.    Nicholas Ball 2.    Andrew Walker 3.    Richard Vessey 4.    Keith Butler-Wheelhouse
2	Reason for the notification
a)	Position/status	1.    Group Finance Director 2.    Non-Executive Director 3.    Non-Executive Director 4.    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	Plastics Capital plc
b)	LEI	N/A
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 1p each in the capital of Plastics Capital plc Company ISIN: GB00B289KK20
b)	Nature of the transaction	Award of Ordinary Shares under Company's Long Term Incentive Plan.
c)	Price(s) and volume(s)	Price(s) Volume(s) 1. Transfer for nil consideration 56,959 2. Transfer for nil consideration 17,418 3. Transfer for nil consideration 18,414 4. Transfer for nil consideration 13,927
d)	Aggregated information - Aggregated volume - Price	106,718 Ordinary Shares Nil consideration
e)	Date of the transaction	30 December 2016
f)	Place of the transaction	London Stock Exchange (AIM)

Enquiries:

Plastics Capital plc	Tel: [phone]
Faisal Rahmatallah, Chairman
Nick Ball, Finance Director
Cenkos Securities	Tel: [phone]
(Nomad and joint broker) Mark Connelly Callum Davidson
Allenby Capital Limited	Tel: [phone]
(Joint broker) David Hart
Katrina Perez
Walbrook PR Ltd	Tel: [phone]/[e-mail]
Paul Cornelius	Mob: [phone]
Helen Cresswell	Mob: [phone]

Notes to Editor

Plastics Capital is a niche manufacturer of specialist plastic products.  Applications for these products vary widely and examples include:

·     Packaging for the food manufacturing and distribution - films, sacks and pouches

·     Steering columns and instrument control knobs in the automotive industry -  plastic ball bearings

·     Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

·     Cardboard box manufacture - plastic creasing matrices

Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further three factories in Asia.  Approximately 40% of its £55 million sales are made outside the UK to more than 80 countries.

 

END

 

 

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