TIDMACRL

RNS Number : 2435G

Accrol Group Holdings PLC

24 November 2020

24 November 2020

Accrol Group Holdings plc

(the "Company")

AIM: ACRL

PDMR Dealing

Following the announcement made by the Company on 23 November 2020 titled "Admission of Shares & TVR" , Accrol Group Holdings plc, a leading independent tissue converter in the UK, announces that the following Admission, the below PDMR dealings have occurred.

As a result of the Option Exercise, participation in the Open Offer by certain PDMRs and the Secondary Placing, the number of Option Shares issued to each of the PDMRs listed below and sold by certain of them pursuant to the Secondary Placing (predominantly to meet the costs of, and personal tax liabilities arising on, the Option Exercise), the number of Open Offer Shares subscribed for under the Open Offer, together with their resulting holdings are as follows:

 
                        Number      Number 
                   of Ordinary   of Option                        Number    Shareholding 
                        Shares      Shares         Number   of Secondary     post Option      % of issued 
                      held pre   held post        of Open        Placing        Exercise    share capital 
                        Option      Option   Offer Shares         Shares   and Secondary   held following 
PDMR                  Exercise    Exercise       acquired           sold         Placing        Admission 
 
Dan Wright*          4,077,808   5,700,738        194,180              -       9,972,726            3.20% 
Gareth Jenkins         610,000   9,396,544         29,524      4,437,436       5,598,632            1.80% 
Mark Dewhurst           65,648   2,750,944              -      1,326,617       1,489,975            0.48% 
Graham Cox                   -   1,295,990              -        612,020         683,970            0.22% 
John Pilkington              -      83,213              -         39,298          43,915            0.01% 
 

* 8,244,155 of these shares are (or will be) registered in the name of Gomrath Limited, a family investment company controlled by Dan Wright.

Further details of the PDMR dealings are included below.

The capitalised terms used in this announcement have the same meanings as in the announcement dated 23 November 2020 titled "Admission of Shares & TVR", unless otherwise stated.

 
For further information, please contact: 
 
Accrol Group Holdings plc 
Dan Wright, Executive Chairman            Via Belvedere Communications 
Gareth Jenkins, Chief Executive Officer 
 
Zeus Capital Limited (Nominated Adviser 
 & Broker) 
Dan Bate / Jordan Warburton                  Tel: +44 (0) 161 831 1512 
Dominic King / John Goold                    Tel: +44 (0) 203 829 5000 
 
Liberum Capital Limited (Joint Broker)       Tel: +44 (0) 20 3100 2222 
Clayton Bush / Edward Thomas 
 
Belvedere Communications Limited 
Cat Valentine                                Tel: +44 (0) 7715 769 078 
Keeley Clarke                                Tel: +44 (0) 7967 816 525 
Llew Angus                                   Tel: +44 (0) 7407 023 147 
                                              accrolpr@belvederepr.com 
 

Notes to Editors

Accrol Group Holdings plc, based in Lancashire, is a leading tissue converter and supplier of toilet tissues, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK. The business operates from four sites in Lancashire:

 
--  A manufacturing, storage, and distribution facility in Blackburn; 
--  A storage and administrative centre in Blackburn; 
--  A facial tissue plant, also in Blackburn; and 
--  A manufacturing, storage, and distribution facility in Leyland. 
 

For more information, please visit www.accrol.com .

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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

 
      Details of the person discharging managerial 
  1    responsibilities / person closely associated 
 a)   Name                   Dan Wright 
     ---------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------ 
 a)   Position/status        Executive Chairman 
     ---------------------  ------------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
     ------------------------------------------------------------ 
 a)   Name                   Accrol Group Holdings plc 
     ---------------------  ------------------------------------- 
 b)   LEI                    213800MC56M5G69RJ226 
     ---------------------  ------------------------------------- 
 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            Ordinary shares of GBP0.001 
       of the financial       each 
       instrument, 
       type of instrument 
       Identification 
       code                   ISIN: GB00BZ6VT592 
     ---------------------  ------------------------------------- 
 b)   Nature of                   a) Exercise of options 
       the transaction 
                                   b) Transfer of shares 
 
                                   c) Purchase of Ordinary Shares 
                                   (under the Open Offer) 
     ---------------------  ------------------------------------- 
 c)   Price(s) and                a) Volume: 5,700,738 
       volume(s)                   Price : GBP0.001 
 
                                   b) Volume: 5,700,738 
                                   Price : GBP0.001 
 
                                   c) Volume: 194,180 
                                   Price : GBP0.44 
     ---------------------  ------------------------------------- 
 d)   Aggregated 
       information                  a) Price : GBP0.001 
       - Aggregated                 Volume: 5,700,738 
       volume 
       - Price 
                                    b) Price : GBP0.001 
                                    Volume: 5,700,738 
 
                                    c) Price : GBP0.44 
                                    Volume: 194,180 
     ---------------------  ------------------------------------- 
 e)   Date of the                 a) 23 November 2020 
       transaction 
                                   b) 23 November 2020 
 
                                   c) 23 November 2020 
     ---------------------  ------------------------------------- 
 f)   Place of the                a) London Stock Exchange, 
       transaction                 AIM 
 
                                   b) Off market transaction 
 
                                   c) London Stock Exchange, 
                                   AIM 
     ---------------------  ------------------------------------- 
 
 
      Details of the person discharging managerial 
  1    responsibilities / person closely associated 
 a)   Name                   Gareth Jenkins 
     ---------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------ 
 a)   Position/status        Chief Executive Officer 
     ---------------------  ------------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
     ------------------------------------------------------------ 
 a)   Name                   Accrol Group Holdings plc 
     ---------------------  ------------------------------------- 
 b)   LEI                    213800MC56M5G69RJ226 
     ---------------------  ------------------------------------- 
 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            Ordinary shares of GBP0.001 
       of the financial       each 
       instrument, 
       type of instrument 
       Identification 
       code                   ISIN: GB00BZ6VT592 
     ---------------------  ------------------------------------- 
 b)   Nature of                   a) Exercise of options 
       the transaction 
                                   b) Sale of shares 
 
                                   c) Purchase of Ordinary Shares 
                                   (under the Open Offer) 
     ---------------------  ------------------------------------- 
 c)   Price(s) and                      a) Price: GBP0.001 
       volume(s)                         Volume: 9,396,544 
 
                                         b) Price: GBP0.44 
                                         Volume: 4,437,436 
 
                                         c) Price: GBP0.44 
                                         Volume: 29,524 
     ---------------------  ------------------------------------- 
 d)   Aggregated                         a) Price: GBP0.001 
       information                        Volume: 9,396,544 
       - Aggregated 
       volume                             b) Price: GBP0.44 
       - Price                            Volume: 4,437,436 
 
                                          c) Price: GBP0.44 
                                          Volume: 29,524 
     ---------------------  ------------------------------------- 
 e)   Date of the                 a) 23 November 2020 
       transaction 
                                   b) 23 November 2020 
 
                                   c) 23 November 2020 
     ---------------------  ------------------------------------- 
 f)   Place of the                a) London Stock Exchange, 
       transaction                 AIM 
 
                                   b) London Stock Exchange, 
                                   AIM 
 
                                   c) London Stock Exchange, 
                                   AIM 
     ---------------------  ------------------------------------- 
 
 
      Details of the person discharging managerial 
  1    responsibilities / person closely associated 
 a)   Name                   Mark Dewhurst 
     ---------------------  -------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------- 
 a)   Position/status        Chief Operating Officer 
     ---------------------  -------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
     ------------------------------------------------------- 
 a)   Name                   Accrol Group Holdings plc 
     ---------------------  -------------------------------- 
 b)   LEI                    213800MC56M5G69RJ226 
     ---------------------  -------------------------------- 
 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            Ordinary shares of GBP0.001 
       of the financial       each 
       instrument, 
       type of instrument 
       Identification 
       code                   ISIN: GB00BZ6VT592 
     ---------------------  -------------------------------- 
 b)   Nature of                   a) Exercise of options 
       the transaction 
                                   b) Sale of shares 
     ---------------------  -------------------------------- 
 c)   Price(s) and                      a) Price: GBP0.001 
       volume(s)                         Volume: 2,750,944 
 
                                         b) Price: GBP0.44 
                                         Volume: 1,326,617 
     ---------------------  -------------------------------- 
 d)   Aggregated                         a) Price: GBP0.001 
       information                        Volume: 2,750,944 
       - Aggregated 
       volume                             b) Price: GBP0.44 
       - Price                            Volume: 1,326,617 
     ---------------------  -------------------------------- 
 e)   Date of the                 a) 23 November 2020 
       transaction 
                                   b) 23 November 2020 
     ---------------------  -------------------------------- 
 f)   Place of the                a) London Stock Exchange, 
       transaction                 AIM 
 
                                   b) London Stock Exchange, 
                                   AIM 
     ---------------------  -------------------------------- 
 
 
      Details of the person discharging managerial 
  1    responsibilities / person closely associated 
 a)   Name                   Graham Cox 
     ---------------------  -------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------- 
 a)   Position/status        Commercial Director 
     ---------------------  -------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
     ------------------------------------------------------- 
 a)   Name                   Accrol Group Holdings plc 
     ---------------------  -------------------------------- 
 b)   LEI                    213800MC56M5G69RJ226 
     ---------------------  -------------------------------- 
 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            Ordinary shares of GBP0.001 
       of the financial       each 
       instrument, 
       type of instrument 
       Identification 
       code                   ISIN: GB00BZ6VT592 
     ---------------------  -------------------------------- 
 b)   Nature of                   a) Exercise of options 
       the transaction 
                                   b) Sale of shares 
     ---------------------  -------------------------------- 
 c)   Price(s) and                      a) Price: GBP0.001 
       volume(s)                         Volume: 1,295,990 
 
                                         b) Price: GBP0.44 
                                         Volume: 612,020 
     ---------------------  -------------------------------- 
 d)   Aggregated                         a) Price: GBP0.001 
       information                        Volume: 1,295,990 
       - Aggregated 
       volume                             b) Price: GBP0.44 
       - Price                            Volume: 612,020 
     ---------------------  -------------------------------- 
 e)   Date of the                 a) 23 November 2020 
       transaction 
                                   b) 23 November 2020 
     ---------------------  -------------------------------- 
 f)   Place of the                a) London Stock Exchange, 
       transaction                 AIM 
 
                                   b) London Stock Exchange, 
                                   AIM 
     ---------------------  -------------------------------- 
 
 
      Details of the person discharging managerial 
  1    responsibilities / person closely associated 
 a)   Name                   John Pilkington 
     ---------------------  -------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------- 
 a)   Position/status        Finance Director 
     ---------------------  -------------------------------- 
 b)   Initial notification   Initial notification 
       /Amendment 
     ---------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
     ------------------------------------------------------- 
 a)   Name                   Accrol Group Holdings plc 
     ---------------------  -------------------------------- 
 b)   LEI                    213800MC56M5G69RJ226 
     ---------------------  -------------------------------- 
 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            Ordinary shares of GBP0.001 
       of the financial       each 
       instrument, 
       type of instrument 
       Identification 
       code                   ISIN: GB00BZ6VT592 
     ---------------------  -------------------------------- 
 b)   Nature of                   a) Exercise of options 
       the transaction 
                                   b) Sale of shares 
     ---------------------  -------------------------------- 
 c)   Price(s) and                      a) Price: GBP0.001 
       volume(s)                         Volume: 83,213 
 
                                         b) Price: GBP0.44 
                                         Volume: 39,298 
     ---------------------  -------------------------------- 
 d)   Aggregated                         a) Price: GBP0.001 
       information                        Volume: 83,213 
       - Aggregated 
       volume                             b) Price: GBP0.44 
       - Price                            Volume: 39,298 
     ---------------------  -------------------------------- 
 e)   Date of the                 a) 23 November 2020 
       transaction 
                                   b) 23 November 2020 
     ---------------------  -------------------------------- 
 f)   Place of the                a) London Stock Exchange, 
       transaction                 AIM 
 
                                   b) London Stock Exchange, 
                                   AIM 
     ---------------------  -------------------------------- 
 

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