Director/PDMR Shareholding and Additional Listing

RNS Number : 9970R
Helical PLC
27 September 2017
 

27 September 2017

HELICAL PLC

("Helical" or "The Company")

Notification of Interests of Directors and Connected Persons

The Company was informed on 26 September 2017 that the following transactions had taken place:

 

1.   Director's Transaction 

On 22 September 2017, Mr Michael Slade sold 41,704 shares in Helical plc at 318.76p per share. 

 

2.   Performance Share Plan

On 27 September 2017, 76,463 shares awarded under the terms of the Company's Performance Share Plan 2014 were made available to Mr Michael Slade, Chairman of Helical plc.  These shares, originally allocated on 28 July 2014 and pro-rated for the period Mr Slade was an Executive Director, met two thirds of their performance criteria in the three years to 31 March 2017.  After tax, 42,054 shares were retained by Mr Slade.

 

Following these transactions, Mr Michael Slade continues to hold 12,633,957 (10.7%) shares in the Company.

 

3.   Additional Listing

 

Application has been made to the Financial Conduct Authority for admission to the Official List, and to the London Stock Exchange plc for admission to trading, for a total of 76,463 ordinary shares of 1p each.  It is expected that the hearing will take place on 2 October 2017 and that trading will commence on 3 October 2017.


The shares are being issued on the vesting of awards granted under the Company's Performance Share Plan 2014 as detailed under Point 2 above.


Following admission, the number of ordinary shares in issue will be 118,610,741, each carrying one voting right.  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, Helical plc under the FCA's Disclosure and Transparency Rules.

 

For further information, please contact:

Tim Murphy (Finance Director)

 

Tel: 020 7629 0113



Date of notification: 27 September 2017


 


This information is provided by RNS
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Helical (HLCL)
UK 100

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