EPE Special Opportunities PLC Director PDMR & other share transactions (7792M)
September 20 2012 - 9:04AM
UK Regulatory
TIDMESO TIDMEC.P TIDMEO.P
RNS Number : 7792M
EPE Special Opportunities PLC
20 September 2012
EPE Special Opportunities plc
Repurchase of Convertible Loan Notes, Transaction in Own Shares,
Director/PDMR Shareholding, Share Capital Update and Share Matching
Plan Award
20 September 2012
EPE Special Opportunities plc ("ESO", or the "Company")
announces that on 19 September 2012 the Company repurchased
1,343,485 Convertible Loan Notes ("CLNs") of GBP1 each in the
Company at a price of 77 pence per CLN inclusive of any interest
accrued but unpaid on each such CLN. The Company does not intend to
cancel the repurchased CLNs at this point.
Accordingly, there will be 6,062,490 CLNs in issue excluding the
CLNs now held by the Company.
On the basis of 31 July 2012 NAV of 89.20p the implied Gross
Cover of the CLNs has improved from 4.5x to 5.6x. The Directors of
the Company view the repurchase of the CLNs and the increased
implied Gross Asset cover as a positive development for the
Company.
On 18 September 2012 the following share purchases were
made:
The Company repurchased 520,844 shares into Treasury. The
Company intends to hold the purchased shares in Treasury.
Giles Brand (the Managing Partner of EPIC Private Equity LLP
which is the Investment Advisor to the Company) purchased 729,166
shares in the market and now holds 5,909,620 shares representing
20.24% of the issued ordinary share capital of the Company.
Geoffrey Vero (a Director of the Company) purchased 10,416
shares in the market and now holds 50,416 shares representing 0.17%
of the issued ordinary share capital of the Company.
Nicholas Wilson (a Director of the Company) purchased 15,625
shares in the market and now holds 35,625 shares representing 0.12%
of the issued ordinary share capital of the Company.
All of the above trades were made at a price of 48 pence per
ordinary share,
On 18 September the Company also made the first award under the
Share Matching Plan approved by shareholders at the Annual General
Meeting on 20 July 2012. Awards of Matching Shares totalling
363,541 were made with shares purchased out of Treasury by the
Employee Benefit Trust (established under the Share Matching Plan)
to satisfy the awards. All of the awards were made to Eligible
Participants including Giles Brand (awards made over 62,500 shares)
and two Directors of the Company, Geoffrey Vero (awards made over
10,416 shares) and Nicholas Wilson (awards made over 15,625
shares).
Following the above transactions, there are 29,199,476 ordinary
shares in issue (excluding shares held in Treasury).
Enquiries:
Numis Securities Ltd Tel: +44 (0) 20 7260 1000
Nominated Advisor: Stuart Skinner
Corporate Broker: Charles Farquhar
EPIC Private Equity LLP: James Henderson +44 (0) 20 7269 8862
IoMA: Philip Scales +44 (0) 16 2468 1250
Cardew Group: Richard Spiegelberg /
Alexandra Stoneham +44 (0) 20 7930 0777
This information is provided by RNS
The company news service from the London Stock Exchange
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