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Brammer PLC (BRAM)

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Thursday 02 February, 2017

Brammer PLC

PDMR Announcement

RNS Number : 9158V
Brammer PLC
02 February 2017
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

For immediate release

2 February 2017

Brammer plc ("Brammer")

Director/PDMR Shareholding

 

Notifications of Transactions of Directors, Persons Discharging Managerial Responsibility or Connected Persons

 

Name of Director/ PDMR or connected persons: Duncan Magrath, Stephen Hodkinson, Neil Rogers, Ralf Hellwig, Julien Monteiro, Richard Huxley, Nigel Trend, Philippe Hervieux, Nigel Duke and Carl Friedrich Wayand

 

On 23 November 2016, the Boards of AI Robin Limited ("Bidco") and Brammer announced that they had reached agreement on the terms of a recommended offer to be made by Bidco for the entire issued and to be issued share capital of Brammer (the "Offer"). The full terms and conditions of the Offer are set out in the scheme document which was published on 12 December 2016 (the "Scheme Document").

 

Earlier today the High Court of Justice in England and Wales sanctioned the Scheme at the Court Hearing, and the Effective Date of the Scheme is expected to be on 6 February 2017.

 

Brammer announces that on 2 February 2017 the persons set out in the table below, each being a Person Discharging Managerial Responsibility (a "PDMR"), acquired the beneficial title to ordinary shares of nominal value 20 pence each in the capital of Brammer (the "Shares") pursuant to:

 

1.     the Brammer Performance Share Plan 2012; and

2.     the Brammer Share Matching Plan 2005,

 

(together the "Brammer Share Plans").

 

The number of Shares to which PDMRs acquired beneficial title under the terms of the Brammer Share Plans is as follows:

 

Name of PDMR

Number of Shares acquired

Percentage of issued share capital

 

Executive director:


Duncan Magrath

315,000

0.23




Other PDMRs:

 



Steven Hodkinson

84,778

0.06

Neil Rogers

176,823

0.13

Ralf Hellwig

177,666

0.13

Julien Monteiro

79,870

0.06

Richard Huxley

92,727

0.07

Nigel Trend

127,827

0.10

Philippe Hervieux

81,954

0.06

Nigel Duke

86,826

0.06

Carl Friedrich Wayand

194,249

0.14

 

Each PDMR was not required to pay anything for the shares acquired. The Shares will be Scheme Shares (as defined in the Scheme Document) for the purposes of the Offer.

 

The awards vested and/or became exercisable in full yesterday upon the Court's sanction of the Scheme.

 

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

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Duncan Magrath

2

Reason for the notification

a)

Position/status

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

Brammer plc

b)

LEI

ENLX5LD8NKCFL0MD2K82

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 20 pence each

 

GB0001195089

b)

Nature of the transaction

Exercise of share options

c)

Prices(s) and volume(s)

 

Price(s)

Volume(s)

0.20

315,000

d)

Aggregated information

-       Aggregated volume

-       Price

N/A (single transaction)

e)

Date of the transaction

2 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Steven Hodkinson

2

Reason for the notification

a)

Position/status

Company Secretary

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Brammer plc

b)

LEI

ENLX5LD8NKCFL0MD2K82

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 20 pence each

 

GB0001195089

b)

Nature of the transaction

Exercise of share options

c)

Prices(s) and volume(s)

 

Price(s)

Volume(s)

0.20

84,778

d)

Aggregated information

-       Aggregated volume

-       Price

N/A (single transaction)

e)

Date of the transaction

2 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Neil Rogers

2

Reason for the notification

a)

Position/status

Country managing director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Brammer plc

b)

LEI

ENLX5LD8NKCFL0MD2K82

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 20 pence each

 

GB0001195089

b)

Nature of the transaction

Exercise of share options

c)

Prices(s) and volume(s)

 

Price(s)

Volume(s)

0.20

176,823

d)

Aggregated information

-       Aggregated volume

-       Price

N/A (single transaction)

e)

Date of the transaction

2 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Ralf Hellwig

2

Reason for the notification

a)

Position/status

Country managing director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Brammer plc

b)

LEI

ENLX5LD8NKCFL0MD2K82

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 20 pence each

 

GB0001195089

b)

Nature of the transaction

Exercise of share options

c)

Prices(s) and volume(s)

 

Price(s)

Volume(s)

0.20

177,666

d)

Aggregated information

-       Aggregated volume

-       Price

N/A (single transaction)

e)

Date of the transaction

2 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Julien Monteiro

2

Reason for the notification

a)

Position/status

Country managing director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Brammer plc

b)

LEI

ENLX5LD8NKCFL0MD2K82

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 20 pence each

 

GB0001195089

b)

Nature of the transaction

Exercise of share options

c)

Prices(s) and volume(s)

 

Price(s)

Volume(s)

0.20

79,870

d)

Aggregated information

-       Aggregated volume

-       Price

N/A (single transaction)

e)

Date of the transaction

2 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Richard Huxley

2

Reason for the notification

a)

Position/status

Country managing director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Brammer plc

b)

LEI

ENLX5LD8NKCFL0MD2K82

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 20 pence each

 

GB0001195089

b)

Nature of the transaction

Exercise of share options

c)

Prices(s) and volume(s)

 

Price(s)

Volume(s)

0.20

92,727

d)

Aggregated information

-       Aggregated volume

-       Price

N/A (single transaction)

e)

Date of the transaction

2 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nigel Trend

2

Reason for the notification

a)

Position/status

Functional director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Brammer plc

b)

LEI

ENLX5LD8NKCFL0MD2K82

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 20 pence each

 

GB0001195089

b)

Nature of the transaction

Exercise of share options

c)

Prices(s) and volume(s)

 

Price(s)

Volume(s)

0.20

127,827

d)

Aggregated information

-       Aggregated volume

-       Price

N/A (single transaction)

e)

Date of the transaction

2 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Philippe Hervieux

2

Reason for the notification

a)

Position/status

Key accounts director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Brammer plc

b)

LEI

ENLX5LD8NKCFL0MD2K82

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 20 pence each

 

GB0001195089

b)

Nature of the transaction

Exercise of share options

c)

Prices(s) and volume(s)

 

Price(s)

Volume(s)

0.20

81,954

d)

Aggregated information

-       Aggregated volume

-       Price

N/A (single transaction)

e)

Date of the transaction

2 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Nigel Duke

2

Reason for the notification

a)

Position/status

Chief information officer

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Brammer plc

b)

LEI

ENLX5LD8NKCFL0MD2K82

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 20 pence each

 

GB0001195089

b)

Nature of the transaction

Exercise of share options

c)

Prices(s) and volume(s)

 

Price(s)

Volume(s)

0.20

86,826

d)

Aggregated information

-       Aggregated volume

-       Price

N/A (single transaction)

e)

Date of the transaction

2 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Carl Friedrich Wayand

2

Reason for the notification

a)

Position/status

Functional director

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Brammer plc

b)

LEI

ENLX5LD8NKCFL0MD2K82

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 20 pence each

 

GB0001195089

b)

Nature of the transaction

Exercise of share options

c)

Prices(s) and volume(s)

 

Price(s)

Volume(s)

0.20

194,249

d)

Aggregated information

-       Aggregated volume

-       Price

N/A (single transaction)

e)

Date of the transaction

2 February 2017

f)

Place of the transaction

Outside a trading venue

 

 

 

Enquiries:

 

Brammer plc

+44 (0) 207 796 4133 (via

Steven Hodkinson, Company Secretary

Hudson Sandler)

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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