Director/PDMR Shareholding

RNS Number : 8410M

MartinCo PLC

18 October 2016

 

MARTINCO PLC

(the 'Company' or the 'Group')

Director's Shareholding

Further to a recent exercise of options, as announced by the Company on 15 September 2016, Ian Wilson, Chief Executive Officer, has today sold 150,000 ordinary shares of 1p each in the Company at a price of 154.69p per share in order to cover the associated exercise costs. Following this sale, Ian Wilson remains interested in 1,479,200 ordinary shares in the Company, representing approximately 5.85 per cent of its issued ordinary share capital. Further information is set out below.

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and their Closely Associated Persons

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Wilson
2	Reason for the notification
a)	Position/status	Chief Executive
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Martinco Plc
b)	LEI	N/A
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 1 penny  each ISIN: GB00BH0WFH67
b)	Nature of the transaction	Sale
c)	Price(s) and volume(s)	Price(s) Volume(s) 154.69p per share 150,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	18 October 2016
f)	Place of the transaction	London Stock Exchange (XLON)

The information contained within this announcement is deemed by the Group to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.

Ends

For further information, please contact:

MartinCo PLC                                                           01202 292829  

Ian Wilson, Chief Executive Officer               

David Raggett, Chief Financial Office

Cenkos Securities plc                                           0207 397 8925

Max Hartley(Nomad) ,Alex Aylen (Sales)

Bell Pottinger                                                         020 3772 2500

David Rydell, Henry Lerwill

About MartinCo

MartinCo Group operates one of the UK's largest property franchise businesses through its 6 Franchise brands Martin & Co, CJ Hole, Parkers, Ellis & Co, Whitegates and EweMove.

The Group's franchisees manage approximately 46,300 properties on behalf of private clients.

MartinCo is a multiple award winning business and the Directors and senior management have over 100 years of combined residential letting and estate agency experience.

 

END

 

 

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