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New Trend Lifestyle (NTLG)

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Monday 24 April, 2017

New Trend Lifestyle

Director's Dealing

RNS Number : 1495D
New Trend Lifestyle Group plc
24 April 2017
 

24 April 2017

 

New Trend Lifestyle Group Plc

("NTLG" or the "Company")

 

Director's Dealing

 

New Trend Lifestyle Group Plc, the Singapore-based Feng Shui products and services group, announces the following dealing in the Company's ordinary shares of 0.1 pence each (Ordinary Shares) by Grand Master Hillary Phang Song Hua ("Master Phang"), Chief Executive Officer.

The Company has been notified that Master Phang has today sold 30,000,000 Ordinary Shares to Bliss Season Holdings Limited for a total consideration of £195,000.

Master Phang retains a beneficial interest in 31,453,333 Ordinary Shares, representing approximately 25.16 per cent. of the Company's issued Ordinary Share capital.

Bliss Season Holdings Limited is a company which is wholly owned by Ms Tong Shyn Leng.  Due to the size of this shareholding, Ms Tong Shyn Leng has entered into a Relationship Agreement with the Company and the Company's Nominated Adviser which regulates the shareholder's relationship with the Company. 

Greg Collier, the Company's Chairman, commented: 'This sale of shares by Master Phang is for personal reasons, but we are assured that his commitment remains and he is focused on driving the business forward.'

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

(Disclosure in relation to a sale of Ordinary Shares)

 1 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Grand Master Hillary Phang Song Hua

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 

New Trend Lifestyle Group 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 0.1p each

 

GB00B8L0LP68

b)

Nature of the transaction 

Sale of ordinary shares

c)

Price(s) and volume(s)

 

 Price(s) 

Volume(s)

0.65pence

30,000,000

 

d)

 

Aggregated information 

 

N/A

e)

Date of the transaction 

24 April 2017

f)

Place of the transaction 

Off Market

 

END

 

For further information:-

 

New Trend Lifestyle Group Plc     

Gregory Collier, Non-Executive Chairman

            

+44 (0) 7830 182501

SPARK Advisory Partners Limited (NOMAD)          

Mark Brady/Neil Baldwin       

              

+44 (0) 20 3368 3551

SI Capital Ltd (Broker)

Nick Emerson, Andy Thacker

+44 (0)1483 413500

 

                                                               

                 


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