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Laird PLC (LRD)

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Wednesday 27 June, 2018

Laird PLC

Director/PDMR Shareholding

RNS Number : 7961S
Laird PLC
27 June 2018
 

27 June 2018

Laird Plc

(the "Company")

Director / PDMR shareholding

 

As announced earlier today, the High Court of Justice of England and Wales has issued a Court Order sanctioning the Scheme of Arrangement under which the Company will be acquired by AI Ladder Limited, a wholly-owned indirect subsidiary of funds managed by Advent International Corporation ("Advent").

In consequence, share awards granted to participants in Laird Share Plans which had not already vested now vest to the extent determined by the Laird Remuneration Committee in accordance with the rules of the relevant Laird Share Plans.

The Company has been notified of the following transactions in the Company's ordinary shares of 28.125p each undertaken by its directors:

Performance conditions having been met, Anthony Quinlan, an Executive Director, has acquired 627,758 ordinary shares (being 563,701 shares in respect of the grant of awards made in April 2017 and 64,057 in respect of the grant of awards made in March 2018).

Performance conditions having been met, Kevin Dangerfield, an Executive Director, has acquired 416,127 ordinary shares (being 373,665 shares made in respect of the grant of awards in April 2017 and 42,462 in respect of the grant of awards made in March 2018).

Other Share awards granted to directors under the Laird 2015 Long Term Incentive Plan have lapsed.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

 

Details of the acquisition of shares in standard form to be set out below.

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Mr A J Quinlan

2

 

Reason for the notification

 

a)

 

Position/status

 

Executive Director and Chief Executive (PDMR)

 

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Laird PLC

b)

 

LEI

 

549300USVP6R8CB2V215

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

 

LAIRD PLC ORD 28.125P

 

 

 

GB00B1VNST91

 

b)

 

Nature of the transactions

 

Acquisition of shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

 

627,758

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

  

N/A

e)

 

Date of the transactions

27 June 2018

f)

 

Place of the transactions

 

Outside a trading venue

 

 

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

Mr K J Dangerfield

2

 

Reason for the notification

 

a)

 

Position/status

 

Executive Director and Chief Financial Officer (PDMR)

 

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

Laird PLC

b)

 

LEI

 

549300USVP6R8CB2V215

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

 

LAIRD PLC ORD 28.125P

 

 

 

GB00B1VNST91

 

b)

 

Nature of the transactions

 

Acquisition of shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

Nil

 

416,127

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

  

N/A

e)

 

Date of the transactions

27 June 2018

f)

 

Place of the transactions

 

Outside a trading venue

 

 

 

 

 

 


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