Escher Group Holdings PLC Director/PDMR Shareholding (3173J)
March 28 2018 - 11:53AM
UK Regulatory
TIDMESCH
RNS Number : 3173J
Escher Group Holdings PLC
28 March 2018
28 March 2018
Escher Group Holdings plc
Director/PDMR Shareholding
Escher Group Holdings plc (AIM: ESCH, "Escher" or "the Group"),
a world leading provider of outsourced, point of service software
to the postal industry, received notification from a number of
directors and PDMRs about sales of Ordinary Shares and exercise of
options and subsequent sale of Ordinary Shares by way of acceptance
of the Takeover Offer of Exeter Acquisition Limited - full details
are below.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
Sales of Ordinary Shares by way of acceptance of the Takeover
Offer of Exeter Acquisition Limited
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1 / person closely associated
---- ------------------------------------------------------------------------------
a) Names 1. Liam Church
2. Fionnuala Higgins
3. Jacob Skowronek
4. Jeremy Folkes
5. Peter Dreifus
---- ----------------------------- -----------------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------------
a) Position/status 1. Liam Church - President and Chief Executive
Officer
2. Fionnuala Higgins - Chief Commercial
Officer
3. Jacob Skowronek - General Manger US
Delivery
4. Jeremy Folkes - Chief Product Officer
5. Peter Dreifus - Chief Administrative
Officer
---- ----------------------------- -----------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- ----------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ------------------------------------------------------------------------------
a) Name Escher Group Holdings plc
---- ----------------------------- -----------------------------------------------
b) LEI 213800J5MY8YOA1U9F06
---- ----------------------------- -----------------------------------------------
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 Ordinary Shares of EUR0.005
instrument, type of
instrument
---- ----------------------------- -----------------------------------------------
b) Identification code IE00B6SKRB38
---- ----------------------------- -----------------------------------------------
c) Nature of the transaction Sale of Ordinary Shares by way of acceptance
of the Takeover Offer of Exeter Acquisition
Limited
---- ----------------------------- -----------------------------------------------
d) Price(s) and volume(s) 1. Liam Church - 895,160 Ordinary Shares
at a price of 185 pence per Ordinary Share
2. Fionnuala Higgins - 895,160 Ordinary
Shares at a price of 185 pence per Ordinary
Share
3. Jacob Skowronek - 40,000 Ordinary Shares
at a price of 185 pence per Ordinary Share
4. Jeremy Folkes - 5,000 Ordinary Shares
at a price of 185 pence per Ordinary Share
5. Peter Dreifus - 80,000 Ordinary Shares
at a price of 185 pence per Ordinary Share
---- ----------------------------- -----------------------------------------------
d) Aggregated information
- Aggregated volume Aggregated volume: 1,915,320 Ordinary
- Price Shares
Price: 185 pence per Ordinary Share
---- ----------------------------- -----------------------------------------------
e) Date of the transaction 27 March 2018 (the date the Offer became
unconditional in all respects)
---- ----------------------------- -----------------------------------------------
f) Place of the transaction Outside of a trading venue
---- ----------------------------- -----------------------------------------------
Exercise of options and subsequent sale of Ordinary Shares by
way of acceptance of the Takeover Offer of Exeter Acquisition
Limited
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
Details of the person discharging managerial responsibilities
1 / person closely associated
---- -------------------------------------------------------------------------
a) Names 1. Liam Church
2. Clem Garvey
3. Fionnuala Higgins
4. Peter Dreifus
5. Pauline Kenna
6. Michael Sackton
7. Jacob Skowronek
---- -------------------------- ---------------------------------------------
2 Reason for the notification
---- -------------------------------------------------------------------------
a) Position/status 1. Liam Church - President and Chief
Executive Officer
2. Clem Garvey - Chief Financial Officer
3. Fionnuala Higgins - Chief Commercial
Officer
4. Peter Dreifus - Chief Administration
Officer
5. Pauline Kenna - General Manager Delivery
6. Michael Sackton - Chief Technical
Officer
7. Jacob Skowronek - General Manager
US Delivery
---- -------------------------- ---------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- -------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- -------------------------------------------------------------------------
a) Name Escher Group Holdings plc
---- -------------------------- ---------------------------------------------
b) LEI 213800J5MY8YOA1U9F06
---- -------------------------- ---------------------------------------------
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 Options over Ordinary Shares of EUR0.005
financial instrument,
type of instrument
---- -------------------------- ---------------------------------------------
b) Identification code IE00B6SKRB38
---- -------------------------- ---------------------------------------------
c) Nature of the transaction Exercise of options and, as envisaged,
the concurrent sale of Ordinary Shares
to Exeter Acquisition Limited under the
share option proposal made by Exeter
Acquisition Limited
---- -------------------------- ---------------------------------------------
d) Price(s) and volume(s) 1. Liam Church - 25,000 options over
Ordinary Shares at a price of 185 pence
per Ordinary Share
2. Clem Garvey - 120,000 options over
Ordinary Shares at a price of 185 pence
per Ordinary Share
3. Fionnuala Higgins - 25,000 options
over Ordinary Shares at a price of 185
pence per Ordinary Share
4. Peter Dreifus - 18,000 options over
Ordinary Shares at a price of 185 pence
per Ordinary Share
5. Pauline Kenna - 10,000 options over
Ordinary Shares at a price of 185 pence
per Ordinary Share
6. Michael Sackton - 10,000 options over
Ordinary Shares at a price of 185 pence
per Ordinary Share
7. Jacob Skowronek - 18,000 options over
Ordinary Shares at a price of 185 pence
per Ordinary Share
---- -------------------------- ---------------------------------------------
d) Aggregated information Aggregated volume: 226,000 options over
- Aggregated volume Ordinary Shares
- Price Price: 185 pence per Ordinary Share
---- -------------------------- ---------------------------------------------
e) Date of the transaction 27 March 2018 (the date the proposal
became unconditional in all respects)
---- -------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading venue
---- -------------------------- ---------------------------------------------
Enquiries:
Escher www.eschergroupholdings.com +353 (0)1 254 5400
Clem Garvey, Chief Financial Officer
Panmure Gordon +44 (0)20 7886 2500
Andrew Godber / Alina Vaskina, Corporate
Finance
Erik Anderson, Corporate Broking
Instinctif Partners +44 (0)20 7457 2020
Adrian Duffield / Chris Birt
This information is provided by RNS
The company news service from the London Stock Exchange
END
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