Issue of Equity and Directors' Shareholdings

RNS Number : 0988J

Plastics Capital PLC

06 September 2016

 

Plastics Capital plc

(the "Company" or the "Group")

Issue of Equity and Directors' Shareholdings

Further to the Company's announcement on 25 August 2016, Plastics Capital (AIM: PLA), the niche plastics products group, announces that it has allotted 296,450 new ordinary shares of 1p each in the Company ("New Shares") to those shareholders who elected to receive the Scrip Dividend Alternative. The New Shares are expected to be admitted to AIM on 7 September 2016 ("Admission").

The following Directors have been allocated New Shares in the following amounts:

Director	New Shares acquired pursuant to Scrip Dividend Alternative	Resultant holding following Admission	Resultant holding (% of enlarged issued share capital following Admission)
Faisal Rahmatallah (Chairman)	35,516	2,754,067	7.73%
Nick Ball (Group Finance Director)	5,570	207,371	0.58%
Richard Vessey (Non-Executive Director)	68,313	2,542,920	7.13%
Andrew Walker (Non-Executive Director)	6,074	226,166	0.63%

Following Admission, the Company will have 35,641,023 ordinary shares in issue admitted to trading on AIM. Following Admission, the above figure (35,641,023) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them:

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Faisal Rahmatallah
2	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plastics Capital 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 1p each in the capital of Plastics Capital plc Company ISIN: GB00B289KK20
b)	Nature of the transaction	Scrip dividend
c)	Price(s) and volume(s)	Price(s) Volume(s) 106.5p per share 35,516
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	5 September 2016
f)	Place of the transaction	London Stock Exchange (AIM)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nick Ball
2	Reason for the notification
a)	Position/status	Group Finance Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plastics Capital 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 1p each in the capital of Plastics Capital plc Company ISIN: GB00B289KK20
b)	Nature of the transaction	Scrip dividend
c)	Price(s) and volume(s)	Price(s) Volume(s) 106.5p per share 5,570
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	5 September 2016
f)	Place of the transaction	London Stock Exchange (AIM)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Vessey
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plastics Capital 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 1p each in the capital of Plastics Capital plc Company ISIN: GB00B289KK20
b)	Nature of the transaction	Scrip dividend
c)	Price(s) and volume(s)	Price(s) Volume(s) 106.5p per share 68,313
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	5 September 2016
f)	Place of the transaction	London Stock Exchange (AIM)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Walker
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Plastics Capital 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 1p each in the capital of Plastics Capital plc Company ISIN: GB00B289KK20
b)	Nature of the transaction	Scrip dividend
c)	Price(s) and volume(s)	Price(s) Volume(s) 106.5p per share 6,074
d)	Aggregated information - Aggregated volume - Price	N/A Single transaction
e)	Date of the transaction	5 September 2016
f)	Place of the transaction	London Stock Exchange (AIM)

Plastics Capital plc	Tel: [phone]
Faisal Rahmatallah, Chairman
Nick Ball, Finance Director
Cenkos Securities	Tel: [phone]
(Nomad and joint broker) Mark Connelly Callum Davidson
Allenby Capital Limited (Joint broker)	Tel: [phone]
David Hart
Katrina Perez
Walbrook PR Ltd	Tel: [phone]/[e-mail]
Paul Cornelius	Mob: [phone]
Helen Cresswell	Mob: [phone]

Notes to Editor

Plastics Capital is a niche manufacturer of specialist plastic products.  Applications for these products vary widely and examples include:

·     Packaging for the food manufacturing and distribution - films, sacks and pouches

·     Steering columns and instrument control knobs in the automotive industry - plastic ball bearings

·     Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel

·     Cardboard box manufacture - plastic creasing matrices

Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.

The business operates through two divisions, Films and Industrial, and has the majority of its production in five UK based factories, with a further three factories in Asia.  Approximately 40% of its £55 million sales are made outside the UK to more than 80 countries.

 

END

 

 

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