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CareTech Holdings (CTH)

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Thursday 30 April, 2020

CareTech Holdings

Director/PDMR Shareholding

RNS Number : 4037L
CareTech Holdings PLC
30 April 2020
 

CareTech Holdings PLC

("CareTech" or the "Company")

Director/PDMR Shareholding

CareTech Holdings PLC (AIM: CTH), a pioneering provider of specialist social care and education services to adults and children in the UK, announces that Sheikh Ventures Limited ("Ventures"), a wholly owned subsidiary of Sheikh Holdings Group (Investments) Limited ("SHG"), has acquired 690,226 and 638,919 ordinary shares of the Company (the "Shares") from Haroon Sheikh, Chief Executive Officer and Farouq Sheikh, Executive Chairman respectively.  SHG is wholly owned by members of the Sheikh family, including Farouq Sheikh and Haroon Sheikh. The transaction was effected at a price of 419 pence per Share. 

The transaction did not change the overall beneficial interests of Mr F Sheikh and Mr H Sheikh and their connected persons in the issued share capital of the Company which following the transaction are as follows:


No. of ordinary shares

% of issued share capital

Farouq Sheikh

-

-

Haroon Sheikh

-

-

Westminster Holdings Limited

10,047,864

9.0%

Sheikh Holdings Group

Cosaraf Pension Fund

2,579,145

230,000

2.3%

0.2%




Total

12,857,009

11.5%

 

In addition to the above, Mr F Sheikh and Mr H Sheikh are also each interested in 320,000 ordinary shares  (total 640,000 ordinary shares) in the Company pursuant to the Executive Shared Ownership Plan 2016 (these share awards vested on 1 May 2019 following fulfilment of the vesting criteria including EPS criteria) and 400,000 ordinary shares (total 800,000 ordinary shares) in the Company pursuant to the Executive Shared Ownership Plan 2019 (which are scheduled to vest in November 2022 and are subject to the fulfilment of vesting criteria).

 

For further information, please contact:

 

CareTech Holdings PLC    01707 601800

Farouq Sheikh, Executive Chairman

Christopher Dickinson, Chief Financial Officer

 

Consilium Strategic Communications (PR Adviser)  020 3709 5700

Mary-Jane Elliott

Chris Welsh

Angela Gray

 

Panmure Gordon (Nomad and Joint Broker)    020 7886 2500

Emma Earl

Freddy Crossley

Charles Leigh-Pemberton

 

WH Ireland (Joint Broker)         020 7220 1666

Adrian Hadden

Jessica Cave

Matthew Chan

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.

 1

Details of the person discharging managerial responsibilities / person closely associated    

a)

Names 

Haroon Sheikh/ Sheikh Ventures Limited

2

Reason for the notification

a)

Position/status

 

Chief Executive Officer

b)

Initial notification /Amendment 

Initial Notification

3

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

a)

Name

CareTech Holdings PLC

b)

LEI

 

213800HI1AZG2GLBYF65

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

Ordinary Shares of 0.5 pence each

b)

Identification code 

GB00B0KWHQ09

c)

Nature of the transactions 

Sale and purchase of shares by connected parties

d)

 

Price(s) and volume(s)

Price(s)

Volume

419p

690,226

 

d)

 

Aggregated information 

- Aggregated volume

- Price

 

690,226

419p

e)

 

Date of the transactions 

29 April 2020

f) 

Place of the transaction

London Stock Exchange

 

 

 

 1

Details of the person discharging managerial responsibilities / person closely associated    

a)

Names 

Farouq Sheikh/ Sheikh Ventures Limited

2

Reason for the notification

a)

Position/status

 

Executive Chairman

b)

Initial notification /Amendment 

Initial Notification

3

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

a)

Name

CareTech Holdings PLC

b)

LEI

 

213800HI1AZG2GLBYF65

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

Ordinary Shares of 0.5 pence each

b)

Identification code 

GB00B0KWHQ09

c)

Nature of the transactions 

Sale and purchase of shares by connected parties

d)

 

Price(s) and volume(s)

Price(s)

Volume

419p

638,919

 

d)

 

Aggregated information 

- Aggregated volume

- Price

 

638,919

 419p

e)

 

Date of the transactions 

29 April 2020

f) 

Place of the transaction

London Stock Exchange

 

 

 


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