TIDMJLH

RNS Number : 8708O

John Lewis Of Hungerford PLC

12 February 2021

12 February 2021

John Lewis of Hungerford Plc

("John Lewis of Hungerford" or the "Company")

Subscription by Directors and a PDMR and change to Total Voting Rights

John Lewis of Hungerford (AIM: JLH), the specialist manufacturer and retailer of kitchens, bedrooms and freestanding furniture, announces that it has raised GBP48,600 (before expenses) via the issue of 7,200,000 ordinary shares of 0.1p each in the Company (the "Subscription Shares") at a subscription price of 0.675 pence per share. The proceeds of the issue of the Subscription Shares will be used by the Company for general working capital purposes.

The Subscription Shares being issued to Directors of the Company (or their nominee) and their resulting interests in the Company's ordinary shares are set out below:

 
 Director           Role             Number of Subscription        Interest in      Percentage 
                                              Shares issued    ordinary shares     of enlarged 
                                                                upon Admission    issued share 
                                                                                  capital upon 
                                                                                     Admission 
                    Managing 
                     Director 
                     and Acting 
 Kiran Noonan        Chairman                       500,000            500,000           0.26% 
                   ---------------  -----------------------  -----------------  -------------- 
                    Non-Executive 
 Alan Charlton       Director                     5,000,000          9,423,178           4.86% 
                   ---------------  -----------------------  -----------------  -------------- 
                    Non-Executive 
 Stephen Huggett     Director                     1,500,000          1,500,000           0.77% 
                   ---------------  -----------------------  -----------------  -------------- 
 

Application will be made for the Subscription Shares to be admitted to trading on AIM and it is expected that admission will take place on or around 17 February 2021 ("Admission"). The Subscription Shares will represent approximately 3.71% of the Company's issued ordinary share capital following their issue and will rank pari passu in all respects with the Company's existing ordinary shares.

Total Voting Rights

Upon Admission, the issued share capital of the Company will consist of 193,945,519 ordinary shares of 0.1p each . The Company does not hold any shares in treasury. Therefore, the total number of voting rights in the Company from Admission will be 193,945,519. This figure may be used by shareholders as the denominator for the calculations by which they 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.

The notification below, which has been made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

Enquiries:

 
  John Lewis of Hungerford plc 
    Kiran Noonan - Acting Chairman / Managing 
    Director                                      01235 774300 
 
   Allenby Capital Limited (Nominated Adviser 
    and Broker) 
    David Worlidge / Nick Naylor (Corporate 
    Finance) 
    Matt Butlin (Sales and Corporate Broking)   020 3328 5656 
 

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

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        PDMRs: Kiran Noonan      Managing Director and 
                                                       Acting Chairman 
                                    Alan Charlton     Non-Executive Director 
                                                     ----------------------- 
                                    Stephen Huggett   Non-Executive Director 
                                                     ----------------------- 
                                    Mark Rose         Head of Finance 
                                                     ----------------------- 
     --------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status             See 1a) above 
     --------------------------  ----------------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                        John Lewis of Hungerford plc 
     --------------------------  ----------------------------------------------- 
 b)   LEI                         254900N2MR89E8ZEO985 
     --------------------------  ----------------------------------------------- 
 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          Ordinary shares of 0.1p each 
       financial instrument, 
       type of instrument          GB0004773148 
       Identification code 
     --------------------------  ----------------------------------------------- 
 b)   Nature of the transaction   Subscription of ordinary shares 
     --------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)      Price: 0.675p 
 
                                   Volumes: 
                                    Kiran Noonan         500,000 
                                    Alan Charlton      5,000,000 
                                                      ---------- 
                                    Stephen Huggett    1,500,000 
                                                      ---------- 
                                    Mark Rose            200,000 
                                                      ---------- 
     --------------------------  ----------------------------------------------- 
 d)   Aggregated information      N/A (single transaction) 
       - Aggregated volume 
       - Price 
     --------------------------  ----------------------------------------------- 
 e)   Date of the transaction     12 February 2021 
     --------------------------  ----------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ----------------------------------------------- 
 

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END

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February 12, 2021 02:00 ET (07:00 GMT)

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