Completion of Director Placing

RNS Number : 7781L
Belvoir Lettings PLC
21 July 2017
 

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This announcement contains inside information within the meaning of the EU Market Abuse Regulation 596/2014.

                                                                                                                                                                                21 July 2017

 

 

BELVOIR LETTINGS PLC

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

Completion of Director Placing

Belvoir Lettings plc (AIM: BLV), the UK's largest property franchise, announces that, further to the announcement of 21 July 2017 regarding a proposed placing of ordinary shares by Mike Goddard, Chairman of the Company, it has been notified by the Mike Goddard that he has successfully placed a total of 1,700,000 ordinary shares in the Company ("Placing Shares") at a price of at £1 per share (the "Placing") with a number of new and certain existing institutional shareholders.

Dorian Gonsalves, CEO, and Louise George, CFO, have participated in the Placing, buying 15,000 ordinary shares and 10,000 ordinary shares respectively.

Cantor Fitzgerald Europe acted as Sole Bookrunner to the Placing.

Following the Placing, the revised shareholdings of the Mike Goddard and the other relevant directors is set out below:

 


Shareholding prior to the Placing

Placing Shares (sold)/purchased

Resultant shareholding

Number of ordinary shares

% of Share Capital

Number of ordinary shares

% of Share Capital

Number of ordinary shares

% of Share Capital

Mike Goddard

7,271,921 

20.81

(1,700,000)

(4.87)

5,571,921

15.95

Dorian Gonsalves

448,595

1.28

15,000

0.04

463,595

1.33

Louise George

35,107

0.10

10,000

0.03

45,107

0.13

  

For further details:

 

Belvoir Lettings PLC

Mike Goddard, Chairman

Dorian Gonsalves, Chief Executive Officer
Louise George, Chief Financial Officer

 

 

01476 584900

investorrelations@belvoirlettings.com

 

Cantor Fitzgerald Europe

Rick Thompson, Phil Davies, Michael Reynolds

Corporate Finance

Mark Westcott, Caspar Shand Kydd

Sales

0207 894 7000

 



 

Buchanan

Charles Ryland, Victoria Hayns, Madeleine Seacombe

 

0207 466 5000

 

Note to Editors:

 

About Belvoir Lettings PLC

 

Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with over 300 offices across four brands offering a range of specialist services in property rental, property management, residential lettings, buy to let and property sales. With its Central Office in Grantham, Lincolnshire, the Group manages 56,000 properties and reported revenue of £9.9m in 2016 making Belvoir the largest property franchise group in the UK.

 


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