Exercise of options and PDMR Notification

RNS Number : 1383M

Norish PLC

26 April 2018

 

Norish plc

Exercise of options and PDMR Notification

Norish plc ("Norish" or the "Company") announces that Aidan Hughes, Finance Director, has exercised 110,000 share options which were issued under the Company's Enterprise Management Incentive Scheme with an exercise price of £0.58 pence each. Application has been made for the new shares to be admitted to AIM and admission is expected to take place on 1 May 2018.

The new Ordinary Shares pursuant to the exercise of options will rank pari passu with the existing Norish Ordinary Shares. Following admission, Norish will have in issue 30,070,378 ordinary shares of €0.25 cent each ("Ordinary Shares").

Following the admission, Aidan Hughes' interest in the Company is 317,500 Ordinary Shares, representing approximately 1.1% of the Company's issued Ordinary Shares.

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

 This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Aidan Hughes
2	Reason for the notification
a)	Position/status	Finance Director / PDMR
b)	Initial Notification Amendment	INITIAL NOTIFICATION
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Norish PLC
b)	LEI	635400OV6CUEDS9IAI49
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 NOMINAL VALUE €0.25 EACH ISIN: IE0006447985
b)	Nature of the transaction	Exercise of Options
c)	Price(s) and volume(s)	Price(s) Volume(s) 58 pence per Ordinary Share 110,000
d)	Aggregated information - Aggregated volume - Price	NOT APPLICABLE - SINGLE TRANSACTION
e)	Date of the transaction	25 April 2018
f)	Place of the transaction	London Stock Exchange - AIM (XLON)
g)	Additional Information

ENDS

Enquiries:

Aidan Hughes

Finance Director

Tel: [phone]

Davy (Nominated Adviser)

Anthony Farrell

Matthew de Vere White

Tel: 00 353 (1) 614 8930

 

END

 

 

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