Director/PDMR Shareholding

Released : 12.09.2017

RNS Number : 4751Q
Conviviality PLC
12 September 2017
 

12 September 2017

Conviviality Plc
(the "Company")

Issue of Equity, Total Voting Rights and Director/PDMR share interests

Conviviality Plc (AIM: CVR), the UK's leading independent wholesaler and distributor of alcohol and impulse serving consumers through its Franchised retail outlets and through hospitality and food service, announces that application has been made to the London Stock Exchange for 1,040,984 new ordinary shares of £0.0002 each (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission").

The New Ordinary Shares have been issued to the trustee of the Company's Share Incentive Plan, at par, for the purpose of satisfying free share awards granted to all qualifying employees of the Conviviality Group under the Company's Share Incentive Plan ("SIP").    The trustees of the SIP will also use a further 50,000 Ordinary Shares held by them as trustees of the SIP that have not been allocated to employees, to satisfy the balance of all free share awards granted to qualifying employees.

The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of £0.0002 each in the capital of the Company ("Ordinary Shares") and Admission of the New Ordinary Shares is expected to take place on 15 September 2017.

Total Voting Rights

Following the issue of the New Ordinary Shares, the Company will have a total of 175,127,209 Ordinary Shares, each carrying one voting right. The Company does not hold any shares in Treasury. Therefore, the above figure 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 Guidance and Transparency Rules.

PDMR/Director share interests

The following executive directors are recipients of free share awards being made over ordinary shares of £0.0002 each in the Company ("Ordinary Shares") under the SIP:

 

PDMR

Number of Ordinary Shares subject to the Award


Effective date of grant

Diana Hunter

760


11 September 2017

Andrew Humphreys

760


11 September 2017

David Robinson

760


11 September 2017

Mark Aylwin

760


11 September 2017

Under the rules of the SIP and except in certain circumstances, these shares vest subject to continued employment of the recipient on the third anniversary of the date of grant.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Diana Hunter

 

2

Reason for the notification

a)

Position/status

CEO

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Conviviality Plc


b)

LEI

213800QZEVZPBN5XA643

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  £0.0002 each

 

 

 


GB00BC7H5F74

b)

Nature of the transaction

Award of free shares under the Conviviality Share Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil

 760

 

d)

Aggregated information

 

 Price(s)

Volume(s)

 Nil

 760

 

e)

Date of the transaction

11 September 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Humphreys

 

2

Reason for the notification

a)

Position/status

CFO

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Conviviality Plc


b)

LEI

213800QZEVZPBN5XA643

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  £0.0002 each

 

 

 


GB00BC7H5F74

b)

Nature of the transaction

Award of free shares under the Conviviality Share Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil

 760

 

d)

Aggregated information

 

 Price(s)

Volume(s)

 Nil

 760

 

e)

Date of the transaction

11 September 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Robinson

 

2

Reason for the notification

a)

Position/status

Managing Director, Conviviality Retail

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Conviviality Plc


b)

LEI

213800QZEVZPBN5XA643

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  £0.0002 each

 

 

 


GB00BC7H5F74

b)

Nature of the transaction

Award of free shares under the Conviviality Share Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil

 760

 

d)

Aggregated information

 

 Price(s)

Volume(s)

 Nil

 760

 

e)

Date of the transaction

11 September 2017

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Aylwin

 

2

Reason for the notification

a)

Position/status

Managing Director, Conviviality Direct

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Conviviality Plc


b)

LEI

213800QZEVZPBN5XA643

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  £0.0002 each

 

 

 


GB00BC7H5F74

b)

Nature of the transaction

Award of free shares under the Conviviality Share Incentive Plan.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 Nil

760

 

d)

Aggregated information

 

 Price(s)

Volume(s)

 Nil

 760

 

e)

Date of the transaction

11 September 2017

f)

Place of the transaction

Outside a trading venue

 

Enquiries:

Conviviality Plc                                                                                 Tel: 01270 614 700
Diana Hunter, Chief Executive Officer
Andrew Humphreys, Chief Financial Officer

Investec (Nominated Adviser and Broker)                           Tel: 020 7597 5970
Garry Levin / David Flin / Daniel Adams

FTI Consulting                                                                                   Tel: 020 3727 1000
Jonathon Brill / Georgina Goodhew / Fiona Walker

 

 


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