Marlowe PLC Director/PDMR Shareholding (5418T)
March 25 2021 - 10:04AM
UK Regulatory
TIDMMRL
RNS Number : 5418T
Marlowe PLC
25 March 2021
25 March 2021
Marlowe plc
("Marlowe" or the "Group")
Director/PDMR Shareholding
On 19 March 2021 Marlowe was pleased to confirm the results of a
significantly oversubscribed placing of new ordinary shares in the
Group ("Ordinary Shares") to raise gross proceeds of GBP100 million
(the "Placing").
As previously announced, the net proceeds of the Placing will
provide the Group with significant additional resources with which
to capitalise on acquisition opportunities in the short to medium
term in line with its well-defined acquisition-led growth
strategy.
The Group announces that it has been notified that Alex Dacre,
the Group's Chief Executive Officer, and Charles Skinner, a
Non-Executive Director of the Group, have today agreed, in light of
additional institutional demand and following the crystallisation
of personal tax liabilities that have arisen following the
redemption in full of the 2016 Marlowe Incentive Scheme, details of
which were announced by Marlowe on 5 February 2021 ("2021
Redemption"), to dispose of an aggregate of 740,000 existing
Ordinary Shares between them at a price of 690 pence per Ordinary
Share.
Messrs. Dacre and Skinner are therefore now beneficially
interested in 4,654,352 Ordinary Shares (representing c.6.0 per
cent. of the Group's issued share capital) and 505,084 Ordinary
Shares (representing c.0.7 per cent. of the Group's issued share
capital) respectively and have confirmed to the Group that they
have no current intention of disposing of any further Ordinary
Shares.
For further information:
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203 813 8498
Mark Adams, Group Finance Director IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser
and Joint Broker)
Nicholas Wells Tel: +44 (0)20 7397 8900
Ben Jeynes
Berenberg (Joint Broker)
Ben Wright
Mark Whitmore Tel: +44 (0)20 3207
7800
FTI Consulting
Nick Hasell
Alex Le May Tel: +44 (0)20 3727
1340
About Marlowe plc
Marlowe is a UK leader in business critical services and
software which assure safety and regulatory compliance. The Group
was formed to create sustainable shareholder value through the
acquisition and development of businesses that provide regulated
safety and compliance services. It is focused on health &
safety, compliance software, employment law & HR compliance,
fire safety, security, water treatment & air hygiene and
occupational health services - all of which are vital to the
wellbeing of its customers operations and are invariably governed
by regulation. Marlowe currently provides services to over 15% of
Britain's commercial premises and is increasingly attractive to
customers who require a single outsourced, nationwide, provider of
a comprehensive range of regulated compliance and safety services.
Our customers can be found in most office complexes, high streets
& leisure facilities, manufacturing plants and industrial
estates, and include thousands of SMEs, local authorities,
facilities management providers, multi-site NHS trusts and FTSE 100
companies.
The information contained within this announcement is deemed by
the Group to constitute inside information as stipulated under the
Market Abuse Regulations (EU) No. 596/2014 as amended by Regulation
11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
Upon the publication of this announcement via Regulatory
Information Service, this inside information is now considered to
be in the public domain.
Template for 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 1. Dacre Holdings Limited
2. Friary Holdings Limited
--------------------------------------- -----------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status 1. Person closely associated with
Alex Dacre, Chief Executive
2. Person closely associated with
Charles Skinner, Non-Executive Director
--------------------------------------- -----------------------------------------------
b) Initial notification /Amendment Initial notification
--------------------------------------- -----------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a) Name Marlowe plc
--------------------------------------- -----------------------------------------------
b) LEI 213800ZWSR4SBOM6B608
--------------------------------------- -----------------------------------------------
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 50 pence each
instrument, type of instrument
Identification code ISIN: GB00BD8SLV43
--------------------------------------- -----------------------------------------------
b) Nature of the transaction Sale of ordinary shares
--------------------------------------- -----------------------------------------------
c) Price(s) and volume(s)
------------------------ ------------------
Price(s) Volume(s)
------------------------ ------------------
1. 690 pence 1. 440,000
--------------------------------------------------------------------- ------------------
2. 690 pence 2. 300,000
--------------------------------------------------------------------- ------------------
d) Aggregated information N/A single transactions
- Aggregated volume
- Price
------------------------------------------------------------------ -------------------------
e) Date of the transaction 1. 25 March 2021
2. 25 March 2021
--------------------------------------------------------------------------------------------
f) Place of the transaction AIMX
--------------------------------------- -----------------------------------------------
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END
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