Notification of transactions

RNS Number : 3505H

Melrose Industries PLC

16 August 2016

 

16 August 2016

Notification of transactions of persons discharging managerial responsibility in accordance with Article 19(3) of the Market Abuse Regulation (2014/596/EU) ("MAR")

Melrose Industries PLC ("Melrose" or the "Company")

Melrose was notified on 12 and 16 August 2016, pursuant to Article 19(1) of MAR, that the transactions set out below occurred on the London Stock Exchange in connection with new ordinary shares of 48/7 pence each in the share capital of the Company, provisionally allotted (nil paid) with ISIN GB00BYQLYB32 (each a "Nil Paid Right"). Each of the persons identified below is a "person discharging managerial responsibility" or, where indicated, a "person closely associated", as each such term is defined in MAR.

As previously announced on 12 August 2016, Harris & Sheldon Investments Limited, a person closely associated with Mr Christopher Miller, Chairman, was allotted 9,294,984 Nil Paid Rights on 9 August 2016. On 12 August 2016, Harris & Sheldon Investments Limited sold 1,319,566 Nil Paid Rights at a weighted average price of 51.1658 pence per Nil Paid Right and an aggregated value of £675,166.50, in order to use the proceeds of sale of such Nil Paid Rights, together with a further cash investment of £6,901,480.60, to fund the take up of the remainder of the Nil Paid Rights allotted to them. On 16 August 2016, Harris & Sheldon Investments Limited took up 7,975,418 Nil Paid Rights, being the remainder of their entitlement, each at a price per Nil Paid Right of 95 pence and an aggregate cost of £7,576,647.10.

Enquiries:

Montfort Communications
Charlotte McMullen	[phone]

IMPORTANT NOTICE

This announcement is for information purposes only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, issue, or subscribe for, any securities in Melrose or any other entity. Securities of Melrose have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration thereunder.

 

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