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Swallowfield PLC (BAR)

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Tuesday 27 March, 2018

Swallowfield PLC

Exercise of options, PDMR deal and TVR

RNS Number : 1062J
Swallowfield PLC
27 March 2018
 

27 March 2018

Swallowfield plc

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

 

Exercise of options/PDMR dealing

 

Swallowfield plc, a market leader in the development, formulation, and supply of personal care and beauty products, including its own portfolio of brands, announces the exercise of options in aggregate over 270,141 ordinary shares of 5 pence each ("Ordinary Shares") at an exercise price of 95 pence per Ordinary Share (the "Options"). Details of the exercise of the Options are as follows:

 

Director

Number of share options exercised

Number of shares held in Swallowfield*

Percentage of the Enlarged Share Capital*

Chris How

136,457

226,434

1.32%

Jane Fletcher

66,842

104,216

0.61%

* following the issue and allotment of the Options

 

In addition, 66,842 Options have been exercised by a former director of Swallowfield.

 

The Options have been exercised under the Company's 2005 Approved and Unapproved Executive Share Option Scheme and 2014 Phantom Share Option Scheme, further details of which are contained in the Group's most recent report and accounts. As announced at the time of initial grant on 8 December 2014, the Phantom Option Scheme was designed to finance the exercise of the Options so that there was no share overhang at the point that the Options were exercised.

 

Following the exercise of the Options there are now no longer any outstanding options under the executive share options and executive phantom share options granted in December 2014. There remain outstanding options over 64,993 Ordinary Shares pursuant to the grants announced on 18 July 2016 under the Swallowfield plc 2009 Long Term Incentive Plan representing 0.38% of the Enlarged Share Capital of the Company.

 

Application for admission

 

The Group has made an application to the London Stock Exchange for the admission to trading on AIM ("Admission") of the 270,141 new Ordinary Shares to be issued pursuant to the exercise of the Options (the "New Shares").  Admission is expected to occur at 8.00 a.m. on 5 April 2018. On Admission the New Shares will rank pari passu with the Group's existing Ordinary Shares. Following Admission the Group's share capital will comprise 17,135,542 Ordinary Shares (the "Enlarged Share Capital"). This figure represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

For further information please contact:


Swallowfield plc



Chris How

 Chief Executive Officer

 01823 662 241

Matthew Gazzard

 Group Finance Director

 01823 662 241




Alex Price

Jen Boorer

 N+1 Singer

 020 7496 3000




Josh Royston

Hilary Buchanan

Sam Modlin

 

 Alma PR

 020 8004 4218

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Chris How

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

 

 

Swallowfield plc

b)

 

LEI

 

 

213800BSD8D9QEUKCE17

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 5 pence each

 

 

GB0008667304

b)

 

Nature of the transaction

 

 

Exercise of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

95 pence

136,457

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

23/3/2018

f)

 

Place of the transaction

 

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Jane Fletcher

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Sales And Marketing Director

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Swallowfield plc

b)

 

LEI

 

 

213800BSD8D9QEUKCE17

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 5 pence each

 

 

GB0008667304

b)

 

Nature of the transaction

 

 

Exercise of options

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

95 pence

66,842

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

23/3/2018

f)

 

Place of the transaction

 

 

London Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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