Director Dealings and Holdings in Company

RNS Number : 3128Z

Molins PLC

25 May 2016

 

25 May 2016

AIM: MLIN

MOLINS PLC

 (the "Company")

Director Dealings and Holdings in Company

The Board announces that on 25 May 2016 the following transactions were undertaken by Phil Moorhouse, Chairman and David Cowen, Group Finance Director in the Company's Ordinary Shares of 25 pence each ("Ordinary Shares"):

·    Mr Moorhouse bought 20,000 Ordinary Shares, which is his first holding in the Company's Ordinary Shares, and represents 0.1% of the Company's issued share capital.

·    Mr Cowen exercised in full a conditional grant over Ordinary Shares awarded on 27 February 2013 under the Molins PLC Deferred Share Plan.  Upon exercise, the Molins PLC Employee Trust transferred 46,600 Ordinary Shares to Mr Cowen, 23,300 of which were then sold in the open market.  Mr Cowen's beneficial interest following this transaction has increased to 123,519 Ordinary Shares, representing 0.6% of the Company's issued share capital.

All transactions were completed at a price of 59.5 pence per Ordinary Share. 

For further information, please contact:

Molins PLC Sara Cannon, Company Secretary David Cowen, Group Finance Director	Tel: [phone]
Panmure Gordon (UK) Limited (NOMAD)  Andrew Potts/ Peter Steel - Corporate Finance Tom Salvesen - Corporate Broking	Tel: [phone]
KTZ Communications Katie Tzouliadis, Viktoria Langley, Emma Pearson	Tel: [phone]

 

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