Director/PDMR Shareholding

RNS Number : 8560Y
John Lewis Of Hungerford PLC
13 May 2019
 

13 May 2019

 

John Lewis of Hungerford plc

(the "Company")

 

Director/PDMR Shareholding

 

John Lewis of Hungerford Plc (AIM: JLH), the specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture, announces that on 10 May 2019, the CEPACS Pension Scheme of which Gary O'Brien, Non-executive Chairman is a trustee and beneficiary, purchased 5,382,315 ordinary shares of 0.1p each ("Ordinary Shares") from the JLH plc Employee Benefit Trust ("EBT") at a price of 0.55 pence per Ordinary Share. Following this transaction, Gary O'Brien beneficially holds 5,382,315 Ordinary Shares in the Company representing 2.89 per cent. of the issued share capital.

 

The EBT was established in December 2007, for the purpose of providing share-based incentive awards to Directors, management and employees. All awards under the Company's former Employee Incentive Plan have now lapsed. Following the transaction, the EBT does not hold any Ordinary Shares. It is the intention of the Board to terminate the EBT as soon as practicable thereby eliminating the administration cost of the EBT to the Company.

 

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

 

Enquiries:

 

John Lewis of Hungerford plc

Gary O'Brien - Chairman

Kiran Noonan, Managing Director

01235 774300



Cenkos Securities plc

Katy Birkin

Azhic Basirov

0207 397 8900

 

 

 

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

CEPACS Pension Scheme

 

2

Reason for the notification

 

a)

Position/status

Notification concerns a PCA, being a legal person the managerial responsibilities of which are discharged by Gary O'Brien, a PDMR (Non-Executive Chairman)

 

b)

Initial notification/Amendment

Initial Notification

 

3

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

 

a)

Name

John Lewis of Hungerford plc

 

b)

LEI

254900N2MR89E8ZEO985

 

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

 

Ordinary shares of 0.1p each


Identification code

GB0004773148

 

b)

Nature of the transaction

Purchase of Ordinary Shares from the JLH plc Employee Benefit Trust

 

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

 

£0.0055

5,382,315

 

d)

Aggregated information

N/A (single transaction)

 


Aggregated volume

N/A (single transaction)

 


Price

N/A (single transaction)

 

e)

Date of the transaction

10 May 2019

 

f)

Place of the transaction

XOFF

 

 

 


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