TIDMNBB

RNS Number : 3638C

Norman Broadbent PLC

16 October 2020

Norman Broadbent plc

("Norman Broadbent", the "Company" or the "Group")

Director/PDMR Shareholding and Concert Party Update

Norman Broadbent (AIM: NBB) - a leading London listed Professional Services firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services, announces the following Shareholder updates below:

PDMR Dealings

Following the announcement on 5 October 2020 that the Company issued 1,333,333 ordinary shares to Angela Hickmore at a price of 5.25 pence per ordinary share as consideration for the Company's acquisition of Norman Broadbent Interim Management Limited, Angela's beneficial interest in the Company's ordinary shares is now 2.56%.

Update regarding Concert Party

The Company provides an update on certain shareholders of the Company who have previously been presumed to be acting in concert under The Takeover Code (the "Concert Party") following a subscription and capital reorganisation of the Company in June 2010. Full details of the Concert Party were set out in the circular to Shareholders on 27 May 2010.

The Company announces that it has agreed with The Takeover Panel that Pierce Casey and Jonathan Moulton are no longer considered to be acting in concert. Pierce Casey currently holds 6,787,505 shares in the company (12.29% of issued share capital) and Jonathan Moulton holds 9,366,739 shares in the company (16.96% of issued share capital).

Total Voting Rights

The Company confirms it has a total of 55,218,903 ordinary shares in issue. No ordinary shares are held in treasury. The figure of 55,218,903 may be used by the Company's shareholders as the denominator in the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

In relation to the PDMR shareholding, further information is set out in the table below, one for each such purchase, in accordance with article 19(3) of the Market Abuse Regulation:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                   Angela Hickmore 
     ---------------------  --------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status        Senior executive 
     ---------------------  --------------------------------------------- 
 b)   Initial notification   Initial Notification 
       /Amendment 
     ---------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                   Norman Broadbent plc 
     ---------------------  --------------------------------------------- 
 b)   LEI                    213800E5YN5TA934XA23 
     ---------------------  --------------------------------------------- 
 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 GBP0.01 each 
       of the financial       GB00B3VF4Y66 
       instrument, 
       type of instrument 
       Identification 
       code 
     ---------------------  --------------------------------------------- 
 b)   Nature of the          Consideration shares issued in relation to 
       transaction            the acquisition of Norman Broadbent Interim 
                              Management Limited 
     ---------------------  --------------------------------------------- 
 c)   Price(s) and             Price(s)   Volume(s) 
       volume(s)                5.25p      1,333,333 Ordinary 
                                            Shares 
                                          ------------------- 
     ---------------------  --------------------------------------------- 
 d)   Aggregated              N/A 
       information 
       - Aggregated 
       volume 
       - Price 
     ---------------------  --------------------------------------------- 
 e)   Date of the            5 October 2020 
       transaction 
     ---------------------  --------------------------------------------- 
 f)   Place of the           London, UK 
       transaction 
     ---------------------  ---------------------------------------------

Enquires:

 
 Norman Broadbent plc 
 Mike Brennan 
  Steve Smith            020 7484 0000 
 WH Ireland Limited 
 Adrian Hadden 
  Jessica Cave 
  Darshan Patel 
  Matthew Chan           020 7220 1666

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END

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