30 April
2024
Ramsdens Holdings
PLC
("Ramsdens" or the
"Company")
Exercise of Options,
Director/PDMR Shareholding and Total Voting
Rights
Ramsdens, the diversified financial
services provider and retailer, announces an exercise of employee
options and sale of new ordinary shares in the capital of the
Company ("Ordinary Shares"), including by certain persons
discharging managerial responsibilities ("PDMRs").
The original grant of options took
place on 8 February 2021 pursuant to the Company's Long Term
Incentive Plan (the "Options"), over a total of 455,000 Ordinary
Shares. The LTIP Awards were subject to the achievement of
performance targets with 50% of any award based on Earnings per
Share growth and 50% of any award based on the delivery of Total
Shareholder Return.
The vesting of these Options took
place on 11 March 2024, however as not all the performance targets
were fully met, only 341,250 Ordinary Shares of a maximum of
455,000 vested.
Beneficiaries have exercised their
Options over a total of 180,000 Ordinary Shares. One beneficiary
has also exercised their option over 1,650 Ordinary Shares from the
Company's 2019 Long Term Incentive Plan. The total number of
options exercised is therefore 181,650.
Following the exercise of Options,
three PDMRs subsequently sold a total of 78,750 new Ordinary
Shares. The number of Options exercised and Ordinary Shares
subsequently sold, at an average price of £1.85 per Ordinary Share,
by the PDMRs, together with their resultant total beneficial
holdings of Ordinary Shares, is set out below.
|
Director / PDMR Role
|
LTIP
Options
Exercised
|
Number of
shares Sold
|
Resultant
Shareholding
|
|
Michael Johnson, Operations Director
of trading subsidiary
|
45,000
|
45,000
|
538,840
|
|
Jason Carr, IT Director of trading
subsidiary
|
15,000
|
15,000
|
126,250
|
|
Mark Smith, Finance Director of
trading subsidiary
|
18,750
|
18,750
|
29,623
|
Application has been made to the
London Stock Exchange for the 181,650 Ordinary Shares to be
admitted to trading on AIM ("Admission") and it is expected that
Admission will become effective and trading will commence at 8.00
a.m. on 7 May 2024.
In accordance with the FCA's
Disclosure Guidance and Transparency Rule 5.6.1, the Company
confirms that, following Admission, its issued share capital will
consist of 31,896,632 Ordinary Shares. The Company does not
currently hold any Ordinary Shares in treasury. Therefore, the
total number of voting rights in the Company is
31,896,632.
The above figure may be used by
shareholders as the denominator for the calculation 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.
For further information please
contact:
Enquiries:
Ramsdens Holdings
PLC
Tel: +44 (0) 1642 579957
Peter Kenyon, CEO
Martin Clyburn, CFO
Liberum Capital Limited (Nominated
Adviser)
Tel: +44 (0) 20 3100 2000
Richard Crawley
Richard Lindley
Hudson Sandler (Financial
PR)
Tel: +44 (0) 20 7796 4133
Alex Brennan
Emily Brooker
DEALING NOTIFICATION FORM FOR USE BY
PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY
ASSOCIATED PERSONS
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name: Michael Johnson
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status: Operations Director
of trading subsidiary
|
|
b)
|
Initial notification/Amendment:
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer, or auction monitor
|
|
a)
|
Name: Ramsdens Holdings
PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 1p
each.
Identification code:
GB00BDR6V192
|
|
b)
|
Nature of the
transaction:
Exercise of options
|
|
c)
|
|
|
d)
|
Aggregated information:
Aggregated volume: 45,000
Aggregated average price:
1p
|
|
e)
|
Date of the transaction: 30
April 2024
|
|
f)
|
Place of the transaction: Outside a
trading venue
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name: Michael Johnson
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status: Operations Director
of trading subsidiary
|
|
b)
|
Initial notification/Amendment:
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer, or auction monitor
|
|
a)
|
Name: Ramsdens Holdings
PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 1p
each.
Identification code:
GB00BDR6V192
|
|
b)
|
Nature of the
transaction:
Sale of Ordinary Shares
|
|
c)
|
|
Prices
|
Volumes
|
|
185p
|
45,000
|
|
|
d)
|
Aggregated information:
Aggregated volume: 45,000
Aggregated average price:
185p
|
|
e)
|
Date of the transaction: 30
April 2024
|
|
f)
|
Place of the transaction: London
Stock Exchange
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name: Jason Carr
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status: IT Director of
trading subsidiary
|
|
b)
|
Initial notification/Amendment:
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer, or auction monitor
|
|
a)
|
Name: Ramsdens Holdings
PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 1p
each.
Identification code:
GB00BDR6V192
|
|
b)
|
Nature of the
transaction:
Exercise of options
|
|
c)
|
|
|
d)
|
Aggregated information:
Aggregated volume: 15,000
Aggregated average price:
1p
|
|
e)
|
Date of the transaction: 30
April 2024
|
|
f)
|
Place of the transaction: Outside a
trading venue
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name: Jason Carr
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status: IT Director of
trading subsidiary
|
|
b)
|
Initial notification/Amendment:
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer, or auction monitor
|
|
a)
|
Name: Ramsdens Holdings
PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 1p
each.
Identification code:
GB00BDR6V192
|
|
b)
|
Nature of the
transaction:
Sale of Ordinary Shares
|
|
c)
|
|
Prices
|
Volumes
|
|
185p
|
15,000
|
|
|
d)
|
Aggregated information:
Aggregated volume: 15,000
Aggregated average price:
185p
|
|
e)
|
Date of the transaction: 30
April 2024
|
|
f)
|
Place of the transaction: London
Stock Exchange
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name: Mark Smith
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status: Finance Director of
trading subsidiary
|
|
b)
|
Initial notification/Amendment:
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer, or auction monitor
|
|
a)
|
Name: Ramsdens Holdings
PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 1p
each.
Identification code:
GB00BDR6V192
|
|
b)
|
Nature of the
transaction:
Exercise of options
|
|
c)
|
|
|
d)
|
Aggregated information:
Aggregated volume: 18,750
Aggregated average price:
1p
|
|
e)
|
Date of the transaction: 30 April
2024
|
|
f)
|
Place of the transaction: Outside a
trading venue
|
|
1.
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name: Mark Smith
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status: Finance Director of
trading subsidiary
|
|
b)
|
Initial notification/Amendment:
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer, or auction monitor
|
|
a)
|
Name: Ramsdens Holdings
PLC
|
|
b)
|
LEI: 2138009OAUOROKMFPK95
|
|
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 1p
each.
Identification code:
GB00BDR6V192
|
|
b)
|
Nature of the
transaction:
Sale of Ordinary Shares
|
|
c)
|
|
Prices
|
Volumes
|
|
185p
|
18,750
|
|
|
d)
|
Aggregated information:
Aggregated volume: 18,750
Aggregated average price:
185p
|
|
e)
|
Date of the transaction: 30 April
2024
|
|
f)
|
Place of the transaction: London
Stock Exchange
|