Director/PDMR Shareholding

RNS Number : 0457L

Plastics Capital PLC

19 December 2018

 

Plastics Capital plc

(the "Company" or the "Group")

Director/PDMR Dealing

The Company announces that BW Family Ltd, a trust set up for the benefit of Keith Butler Wheelhouse and his family, and which is considered to be a person closely associated with Mr Butler-Wheelhouse, Non-Executive Director of the Company, purchased 7,500 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 114p per share.

Following these transactions, Mr Butler-Wheelhouse has a total beneficial interest in 383,798 ordinary shares in the Company.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	BW Family Ltd
2	Reason for the notification
a)	Position/status	Trust set up for the benefit of Keith Butler Wheelhouse and his family, and which is considered to be a person closely associated with Mr Butler-Wheelhouse, Non-Executive Director of Plastics Capital plc
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plastics Capital plc
b)	LEI	213800EN5TUVOZKU6W30
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 ISIN:      GB00B289KK20
b)	Nature of the transaction	Purchase of ordinary shares of 1p each
c)	Price(s) and volume(s)	Price(s) Volume(s) 114p 7,500
d)	Aggregated information - Aggregated volume  - Price	N/A - single transaction
e)	Date of the transactions	19 December 2018
f)	Place of the transactions	London Stock Exchange

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

Notes to Editor

Plastics Capital is a niche manufacturer of specialist 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 mandrel

•              Cardboard box manufacture - 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 two factories in Asia and one in the USA.  Approximately 50% of its £77 million sales are made outside the UK to more than 80 countries.

Further information can be found on www.plasticscapital.com

 

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