Angling Direct PLC Director/PDMR Shareholding (8803Q)
March 02 2021 - 5:48AM
UK Regulatory
TIDMANG
RNS Number : 8803Q
Angling Direct PLC
02 March 2021
2 March 2021
Angling Direct plc
("Angling Direct" or the "Company")
PDMR Transfer of Shares
Angling Direct plc (AIM: ANG), the leading omni-channel
specialist fishing tackle and equipment retailer, announces that
Martyn Page, Executive Chairman, has today transferred a total of
375,000 ordinary shares of 1 penny each in the Company ("Ordinary
Shares") for nil consideration to his adult children as part of his
long-term financial planning ("the Transfer").
To underpin his continued long-term commitment to the Company,
Mr Page has entered in to a lock-in agreement with the Company and
N+1 Singer on customary terms preventing him from selling any
Ordinary Shares before 2 March 2022.
Following the Transfer, Mr Page holds 11,010,000 Ordinary Shares
representing 14.2% of the Company's issued share capital.
For further information please contact:
Angling Direct plc +44 (0) 1603 258658
Martyn Page, Executive Chairman
Andy Torrance, Chief Executive
Officer
Steven Crowe, Chief Financial
Officer
N+1 Singer - NOMAD and Broker +44 (0) 20 7496 3000
Peter Steel, Alex Bond (Corporate
Finance)
Tom Salvesen (Corporate Broking)
FTI Consulting - Financial PR +44 (0) 20 3727 1000
Alex Beagley
James Styles
Alice Newlyn
About Angling Direct
Angling Direct is the leading omni-channel specialist fishing
tackle retailer in the UK. The Company sells fishing tackle
products and related equipment through its network of retail
stores, located strategically throughout the UK as well as through
its leading digital platform ( www.anglingdirect.co.uk .de, .fr and
.nl) and other third-party websites.
Angling Direct is committed to supporting its active customer
base and widening access to the angling community through its
passionate colleagues, store-based qualified coaches, social media
reach and ADTV YouTube channel. The Company currently sells over
20,000 fishing tackle products, including capital items,
consumables, luggage and clothing. Angling Direct also owns and
sells fishing tackle products under its own brand 'Advanta', which
was formally launched in March 2016.
From 1986 to 2002, the Company's founders acquired interests in
a number of small independent fishing tackle shops in Norfolk and,
in 2002, they acquired a significant premise in Norwich, which was
branded Angling Direct. Since 2002, the Company has continued to
acquire or open new stores, taking the total number up to 38 retail
stores. In 2015, the Company opened a 30,000 sq. ft central
distribution centre in Rackheath, Norfolk, where the Company's head
office is also located. Angling Direct has an established, and
rapidly growing, presence in Europe with native language websites
set up in key regions to address demand.
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 Martyn Page
------------------------------------------ -----------------------------------
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 Angling Direct plc
------------------------------------------ -----------------------------------
b) LEI 213800WAVVOPS85N2205
------------------------------------------ -----------------------------------
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 1 pence each
financial instrument,
type of instrument
GB00BF1XGQ00
Identification code
------------------------------------------ -----------------------------------
b) Nature of the transaction Transfer of Ordinary Shares
------------------------------------------ -----------------------------------
c) Price(s) and volume(s) Price Volume
------------------------------------------ --------------- ------------------
N/A 375,000
--------------------------------------------------------------- ------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
------------------------------------------ -----------------------------------
e) Date of the transaction 2 March 2021
------------------------------------------ -----------------------------------
f) Place of the transaction Off-market
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END
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