Further re: Intended Sale of Shares

RNS Number : 4934A

Breedon Group PLC

29 May 2019

 

News release

29 May 2019                                      

Breedon Group plc

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

Further re: Intended Sale of Shares

Further to the Company's earlier announcement relating to the intended sale of shares by Peter Tom, the Company can confirm that 22 million ordinary shares have successfully been sold at 72.0 pence per share ("Sale").  As part of the Sale, Amit Bhatia (Non-Executive Chairman) subscribed for 10 million ordinary shares through Abicad Holding Limited ("Abicad"), meaning that Abicad will have an enlarged holding of approximately 308.9 million shares, representing 18.4 per cent. of the Company's issued share capital. 

Pursuant to the Sale, Peter Tom (former Executive Chairman) is now interested in approximately 21.5 million ordinary shares, representing 1.3 per cent. of the issued share capital.  Mr Tom has indicated his support for the Group and has confirmed he has no current intention to dispose of any further ordinary shares.  

This announcement contains inside information.

Enquiries:

Breedon Group plc                                                        www.breedongroup.com 

Pat Ward, Group Chief Executive                                    01332 694010

Rob Wood, Group Finance Director

Stephen Jacobs, Head of Communications                    07831 764592  

Cenkos Securities plc (NOMAD and Joint Broker)

Max Hartley                                                                       020 7397 8900

Numis Securities (Joint Broker)

Ben Stoop                                                                         020 7260 1000

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	Abicad Holding Limited
2	Reason for the notification
a)	Position/status	Person closely associated with Amit Bhatia, Non-Executive Chairman
b)	Is this an initial notification or an amendment to a prior notification?	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Breedon Group plc
b)	LEI	213800ZQKCIVCPN9H229
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 no par value JE00B2419D89
b)	Nature of the transaction	Purchase of ordinary shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 72p 10,000,000
d)	Aggregated information (if any) - Aggregated volume - Price	10,000,000 £7,200,000.00
e)	Date of transaction	29 May 2019
f)	Place of the transaction	AIMX

 

END

 

 

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