Exercise of Options, Director/PDMR Dealing & TVR

RNS Number : 9059K
Belvoir Group PLC
07 September 2021
 

BELVOIR GROUP PLC

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

Exercise of Options

Director/PDMR Dealing

and

Total Voting Rights

 

Belvoir Group plc (AIM: BLV), a leading UK property franchise group, announces that it has allotted 930,339 new ordinary shares of 1p each ("Ordinary Shares") following the exercise of share options under the Company's EMI, LTIP and CSOP share option schemes by certain PDMRs (together the "Exercising PDMRs").  Further to the exercise of such options the Exercising PDMRs have sold, in aggregate, 686,000 Ordinary Shares arising from such exercise at a price of 250 pence per Ordinary Share as set out below.

In the case of Dorian Gonsalves, CEO, and Louise George, CFO, they have retained broadly 50% and 100% of their respective gain after exercise price, tax and costs, both increasing their aggregate holding in the Company accordingly.

 

Director/PDMR

Current holding of Ordinary Shares

 

Options exercised

Ordinary Shares sold

Resultant holding of Ordinary Shares

% of TVR

Dorian Gonsalves

483,595

644,727

482,000

646,322

1.7

Louise George

327,532

175,000

93,388

409,144

1.1

Julie Wilson

nil

110,612

110,612

nil

0.0

 

Application has been made to the London Stock Exchange for the 930,339 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective at 8.00 a.m. on 10 September 2021.

 

Following Admission, the total number of Ordinary Shares in issue will be 37,292,113 and the total number of voting rights will therefore be 37,292,113. There are no Ordinary Shares held in treasury.  This figure may be used by shareholders 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

The announcement contains inside information.

  For further details:

Belvoir Group PLC

Dorian Gonsalves, Chief Executive Officer

Louise George, Chief Financial Officer

www.belvoirgroup.com

 

 01476 584900

investorrelations@belvoirgroup.com

finnCap

Julian Blunt, Teddy Whiley (Corporate Finance)

Tim Redfern, Charlotte Sutcliffe (ECM)

www.finncap.com

 

+44 (0) 20 7220 0500

Buchanan

Charles Ryland, Victoria Hayns & Tilly Abraham

 

 +44 (0) 20 7466 5000

Notes:

About Belvoir Group PLC

Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise Group with 467 offices across six brands specialising in residential lettings, property management, residential sales and property-related financial services. With its Central Office in Grantham, Lincolnshire , the Group manages 71,600 properties and reported record revenues of £21.7m in 2020 marking Belvoir's 24th year of unbroken profit growth.

For further information, please visit: www.belvoirgroup.com

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Dorian Gonsalves

2

Reason for notification

 

a.

Position/Status

Chief Executive Officer

b.

Initial notification/

Amendment

Initial Notification

3

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

a.

Name

Belvoir Group PLC

b.

LEI

213800FPT3JTZYB3FP61

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: GB00B4QY1P51

b.

Nature of the transaction

Exercise of Share Options held under the Company's LTIP and Sale of Ordinary Shares

 

c.

Price(s) and volume(s)







Price(s)

Volume(s)


1p Exercise price

644,727

Option Exercise


250p

482,000

Sale


d.

Aggregated information

As above 

 

e.

Date of the transaction

6 September 2021

f.

Place of the transaction

London Stock Exchange

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Louise George

2

Reason for notification

 

a.

Position/Status

Chief Financial Officer

b.

Initial notification/

Amendment

Initial Notification

3

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

a.

Name

Belvoir Group PLC

b.

LEI

213800FPT3JTZYB3FP61

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: GB00B4QY1P51

b.

Nature of the transaction

Exercise of Share Options held under the Company's EMI Scheme and Sale of Ordinary Shares

c.

Price(s) and volume(s)







Price(s)

Volume(s)


132 p Exercise price

175,000

Option Exercise


250 p

93,388

Sale


d.

Aggregated information

As above 

e.

Date of the transaction

6 September 2021

f.

Place of the transaction

London Stock Exchange

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Julie Wilson

2

Reason for notification

 

a.

Position/Status

Group Financial Controller

b.

Initial notification/

Amendment

Initial Notification

3

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

a.

Name

Belvoir Group PLC

b.

LEI

213800FPT3JTZYB3FP61

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: GB00B4QY1P51

b.

Nature of the transaction

Exercise of Share Options held under the Company's CSOP and EMI Schemes and Sale of Ordinary Shares

c.

Price(s) and volume(s)







Price(s)

Volume(s)


132 p Exercise price

60,000

EMI Option Exercise


116p Exercise price

20,000

EMI Option Exercise


98p Exercise Price

30,612

CSOP Option Exercise


250 p

110,612

Sale


d.

Aggregated information

Option exercise: 110,612 shares at 119.7p

Share sale: as above

e.

Date of the transaction

6 September 2021

f.

Place of the transaction

London Stock Exchange

 

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