TIDMSTOB

RNS Number : 9639S

Stobart Group Limited

28 June 2018

The following amendment has been made to the Director/PDMR Shareholder announcement released on 27 June 2018 under RNS No 8251S.

Mr Laycock has sold, in aggregate, 95,936 (and not 108,184) ordinary shares in order to satisfy tax liabilities arising upon exercise of the award.

All other details remain unchanged.

The full amended text is shown below.

27 June 2018

Stobart Group Limited

('Stobart' or the 'Company)

Director/PDMR Shareholding

Stobart Group Limited announces that Richard Laycock, Executive Director, has exercised the entirety of the nil-cost 2014 LTIP Award which vested on 22 June 2018. Upon such exercise, Mr Laycock acquired, in aggregate, 204,120 ordinary shares. He has subsequently sold, in aggregate, 95,936 of such ordinary shares in order to satisfy tax liabilities arising upon exercise of the award.

Full details of the exercise and the subsequent sales are set out below.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Enquiries:

   Stobart Group Limited                                                  C/o Redleaf Communications 

Warwick Brady

   Redleaf Communications                                            +44 207 382 4730 

Charlie Geller Stobart@redleafpr.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Richard Laycock 
      ---------------------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Financial Officer 
      ---------------------------------------  ---------------------------------------------- 
 b)    Initial notification                     Initial Notification 
        /Amendment 
      ---------------------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------------- 
 a)    Name                                     Stobart Group Limited 
      ---------------------------------------  ---------------------------------------------- 
 b)    LEI                                      213800BINQVRZFKA3E89 
      ---------------------------------------  ---------------------------------------------- 
 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 
      --------------------------------------------------------------------------------------- 
 Transaction 1 
 a)    Description of the                       Ordinary Shares of 10 pence each 
        financial instrument,                    in Stobart Group Ltd 
        type of instrument 
       Identification code                      ISIN: GB00B03HDJ73 
 b)    Nature of the transaction                Acquisition of 5149 ordinary shares 
                                                 on exercise of nil cost LTIP award 
 c)    Price(s) and volume(s) 
                                               ---------------------  --------------------- 
                                                Price(s)               Volume(s) 
                                               ---------------------  --------------------- 
                                                0.00                   5149 
                                               ---------------------  --------------------- 
 d)    Aggregated information 
       - Aggregated volume 
       - Price 
 e)    Date of the transaction                  2018-06-22 
 f)    Place of the transaction                 London Stock Exchange - XLON 
      ---------------------------------------  ---------------------------------------------- 
 Transaction 2 
 a)    Description of the                       Ordinary Shares of 10 pence each 
        financial instrument,                    in Stobart Group Ltd 
        type of instrument 
       Identification code                      ISIN: GB00B03HDJ73 
 b)    Nature of the transaction                Sale of 2,420 ordinary shares to 
                                                 satisfy tax liability arising on 
                                                 exercise of LTIP award 
 c)    Price(s) and volume(s) 
                                               ---------------------  --------------------- 
                                                Price(s)               Volume(s) 
                                               ---------------------  --------------------- 
                                                2.47                   1527 
                                               ---------------------  --------------------- 
                                                2.42                   893 
                                               ---------------------  --------------------- 
 d)    Aggregated information 
  - Aggregated volume                           2420 
  - Price                                       2.45 
 e)    Date of the transaction                  2018-06-22 
 f)    Place of the transaction                 London Stock Exchange - XLON 
      ---------------------------------------  ---------------------------------------------- 
 Transaction 3 
 a)    Description of the                       Ordinary Shares of 10 pence each 
        financial instrument,                    in Stobart Group Ltd 
        type of instrument 
       Identification code                      ISIN: GB00B03HDJ73 
 b)    Nature of the transaction                Acquisition of 24,523 ordinary shares 
                                                 on exercise of nil cost LTIP award 
 c)    Price(s) and volume(s) 
                                               ---------------------  --------------------- 
                                                Price(s)               Volume(s) 
                                               ---------------------  --------------------- 
                                                0.00                   24523 
                                               ---------------------  --------------------- 
 d)    Aggregated information 
       - Aggregated volume 
       - Price 
 e)    Date of the transaction                  2018-06-25 
 f)    Place of the transaction                 London Stock Exchange - XLON 
      ---------------------------------------  ---------------------------------------------- 
 Transaction 4 
 a)    Description of the                       Ordinary Shares of 10 pence each 
        financial instrument,                    in Stobart Group Ltd 
        type of instrument 
       Identification code                      ISIN: GB00B03HDJ73 
 b)    Nature of the transaction                Sale of 11,526 ordinary shares to 
                                                 satisfy tax liabilty arising on exercise 
                                                 of LTIP award. 
 c)    Price(s) and volume(s) 
                                               ---------------------  --------------------- 
                                                Price(s)               Volume(s) 
                                               ---------------------  --------------------- 
                                                2.40                   11526 
                                               ---------------------  --------------------- 
 d)    Aggregated information 
  - Aggregated volume                           11526 
  - Price                                       2.40 
 e)    Date of the transaction                  2018-06-25 
 f)    Place of the transaction                 London Stock Exchange - XLON 
      ---------------------------------------  ---------------------------------------------- 
 Transaction 5 
 a)    Description of the                       Ordinary Shares of 10 pence each 
        financial instrument,                    in Stobart Group Ltd 
        type of instrument 
       Identification code                      ISIN: GB00B03HDJ73 
 b)    Nature of the transaction                Acquisition of 938 ordinary shares 
                                                 on exercise of nil cost LTIP award 
 c)    Price(s) and volume(s) 
                                               ---------------------  --------------------- 
                                                Price(s)               Volume(s) 
                                               ---------------------  --------------------- 
                                                0.00                   938 
 --------------------------------------------  ---------------------  --------------------- 
 d)    Aggregated information 
  - Aggregated volume                           938 
  - Price                                       0.00 
 e)    Date of the transaction                  2018-06-26 
 f)    Place of the transaction                 London Stock Exchange - XLON 
      ---------------------------------------  ---------------------------------------------- 
 Transaction 6 
 a)    Description of the                       Ordinary Shares of 10 pence each 
        financial instrument,                    in Stobart Group Ltd 
        type of instrument 
       Identification code                      ISIN: GB00B03HDJ73 
 b)    Nature of the transaction                Sale of 441 ordinary shares to satisfy 
                                                 tax liability arising on exercise 
                                                 of LTIP award. 
 c)    Price(s) and volume(s) 
                                               ---------------------  --------------------- 
                                                Price(s)               Volume(s) 
                                               ---------------------  --------------------- 
                                                2.40                   441 
                                               ---------------------  --------------------- 
 d)    Aggregated information 
  - Aggregated volume                           441 
  - Price                                       2.40 
 e)    Date of the transaction                  2018-06-26 
 f)    Place of the transaction                 London Stock Exchange - XLON 
      ---------------------------------------  ---------------------------------------------- 
 Transaction 7 
 a)    Description of the                       Ordinary Shares of 10 pence each 
        financial instrument,                    in Stobart Group Ltd 
        type of instrument 
       Identification code                      ISIN: GB00B03HDJ73 
 b)    Nature of the transaction                Acquisition of 173,510 ordinary shares 
                                                 on exercise of nil cost LTIP award. 
 c)    Price(s) and volume(s) 
                                               ---------------------  --------------------- 
                                                Price(s)               Volume(s) 
                                               ---------------------  --------------------- 
                                                0.00                   173510 
                                               ---------------------  --------------------- 
 d)    Aggregated information 
  - Aggregated volume                           173510 
  - Price                                       0.00 
 e)    Date of the transaction                  2018-06-27 
 f)    Place of the transaction                 London Stock Exchange - XLON 
      ---------------------------------------  ---------------------------------------------- 
 Transaction 8 
 a)    Description of the                       Ordinary Shares of 10 pence each 
        financial instrument,                    in Stobart Group Ltd 
        type of instrument 
      ---------------------------------------  ---------------------------------------------- 
       Identification code                      ISIN: GB00B03HDJ73 
      ---------------------------------------  ---------------------------------------------- 
 b)    Nature of the transaction                Sale of 81,549 ordinary shares to 
                                                 satisfy tax liability arising on 
                                                 exercise of LTIP award. 
      ---------------------------------------  ---------------------------------------------- 
 c)    Price(s) and volume(s) 
                                               ---------------------  --------------------- 
                                                Price(s)               Volume(s) 
                                               ---------------------  --------------------- 
                                                2.36                   81549 
                                               ---------------------  --------------------- 
 d)    Aggregated information 
  - Aggregated volume                           81549 
  - Price                                       2.36 
 e)    Date of the transaction                  2018-06-27 
 f)    Place of the transaction                 London Stock Exchange - XLON 
      ---------------------------------------  ---------------------------------------------- 
 

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END

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