TIDMSLNG

RNS Number : 2594J

Slingsby(H.C.)Plc

09 December 2022

9 December 2022

H C SLINGSBY PLC

("Slingsby" or the "Company" or the "Group")

Director/PDMR Shareholding

The Company announces that it has been advised that Morgan Morris, Group Chief Executive, purchased 30,061 ordinary shares of 25p each in the Company ("Ordinary Shares") at a price of 260 pence per share on 8 December 2022 from the HC Slingsby Retirement Benefit Scheme ("the Acquired Shares").

Mr Morris has also agreed to pay further consideration as follows:

- If in the period up to 8 December 2025, the Acquired Shares are sold at a price in excess of GBP3.50 then further consideration of 50% of the excess over GBP3.50 will be payable to the vendors; and

- If in the following two year period up to 8 December 2027, the Acquired Shares are sold at a price in excess of GBP4 then further consideration of 50% of the excess over GBP4 will be payable to the vendors.

Mr Morris is entitled to sell the 63,500 Ordinary Shares he held prior to the acquisition of the Acquired Shares before the above further consideration becomes payable.

Following this purchase, Morgan Morris has a total beneficial interest in 93,561 Ordinary Shares, equivalent to 8.91 per cent. of the Company's issued ordinary share capital.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.

For further information, please contact:

 
 H C Slingsby PLC                                 Tel: 01274 
                                                   535 030 
 Dominic Slingsby, Interim Executive Chairman 
 Morgan Morris, Group Chief Executive 
 Allenby Capital Limited (Nominated Adviser and   Tel: 020 3328 
  Broker)                                          5656 
 David Worlidge / George Payne

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)   Name                                     Morgan Morris 
     ---------------------------------------  ----------------------------------- 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------------- 
 a)   Position/status                          Group Chief Executive 
     ---------------------------------------  ----------------------------------- 
 b)   Initial notification                     Initial Notification 
       /Amendment 
     ---------------------------------------  ----------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                                     H C Slingsby plc 
     ---------------------------------------  ----------------------------------- 
 b)   LEI                                      2138004NA2QBB4KXV279 
     ---------------------------------------  ----------------------------------- 
      Details of the transaction(s): section to be repeated 
  4    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 25 pence each 
       financial instrument,                    in H C Slingsby plc 
       type of instrument 
 
       Identification code                      GB0008138009 
     ---------------------------------------  ----------------------------------- 
 b)   Nature of the transactions               Purchase of Ordinary Shares 
     ---------------------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)                   Price(s)          Volume(s) 
 
                                                260p              30,061 
     ---------------------------------------  ----------------  ----------------- 
 d)   Aggregated information 
       - Aggregated volume                      30,061 
       - Price                                   260p 
       - Principal amount                        GBP78,158.60 
     ---------------------------------------  ----------------------------------- 
 e)   Dates of the transaction                 8 December 2022 
 
 f)   Place of transaction                     Off Market 
     ---------------------------------------  -----------------------------------

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END

DSHFSAFEUEESEIE

(END) Dow Jones Newswires

December 09, 2022 08:00 ET (13:00 GMT)

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