Plastics Capital PLC Director/PDMR Dealing (8319H)
August 22 2016 - 11:28AM
UK Regulatory
TIDMPLA
RNS Number : 8319H
Plastics Capital PLC
22 August 2016
Plastics Capital plc
(the "Company" or the "Group")
Director/PDMR Dealing
Plastics Capital (AIM: PLA), the niche plastics products group,
announces that Faisal Rahmatallah, Chairman of the Company, has
been awarded 42,656 ordinary shares of 1p each in the Company to
satisfy payment due pursuant to the Company's 2011 Long Term
Incentive Plan ("LTIP"), which has now terminated. The shares have
been
transferred from the Company's existing employee benefit trust. Further detail is set out below.
Director/PDMR notification - Faisal Rahmatallah
1 Details of the person discharging managerial
responsibilities / person closely associated
--- --------------------------------------------------------------
a) Name Faisal Rahmatallah
--- ------------------------- -----------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position/status Chairman
--- ------------------------- -----------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- --------------------------------------------------------------
a) Name Plastics Capital plc
--- ------------------------- -----------------------------------
b) LEI N/A
--- ------------------------- -----------------------------------
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 Ordinary shares of 1p each
the financial in the capital of Plastics
instrument, type Capital plc
of instrument
Identification Company ISIN: GB00B289KK20
code
--- ------------------------- -----------------------------------
b) Nature of the Award of ordinary shares
transaction under Company's Long Term
Incentive Plan.
--- ------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------- ----------
Transfer for
nil consideration 42,656
-------------------- ----------
--- ------------------------- -----------------------------------
d) Aggregated information
- Aggregated volume 42,656
GBPNil
- Price
--- ------------------------- -----------------------------------
e) Date of the transaction 18 August 2016
--- ------------------------- -----------------------------------
f) Place of the transaction London Stock Exchange (AIM)
--- ------------------------- -----------------------------------
Plastics Capital Tel: 020 7978 0574
plc
Faisal Rahmatallah,
Chairman
Nick Ball, Finance
Director
Cenkos Securities Tel: 020 7397 8900
(Nomad and joint
broker)
Mark Connelly
Callum Davidson
Allenby Capital Limited Tel: 020 3328 5656
(Joint broker)
David Hart
Katrina Perez
Walbrook PR Ltd Tel: 020 7933 8780/plastics@walbrookpr.com
Paul Cornelius Mob: 07866 384 707
Helen Cresswell Mob: 07841 917 679
Notes to Editor
Plastics Capital is a niche manufacturer of specialist plastic
products. Applications for these products vary widely and examples
include:
-- Packaging for the food manufacturing and distribution - films, sacks and pouches
-- Steering columns and instrument control knobs in the
automotive industry - plastic ball bearings
-- Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel
-- Cardboard box manufacture - plastic creasing matrices
Plastics Capital's business model is based on understanding
customers' problems in depth, and then developing and mass
producing proprietary, technical solutions for these problems.
The business operates through two divisions, Films and
Industrial, and has the majority of its production in five UK based
factories, with a further three factories in Asia. Approximately
40% of its GBP55 million sales are made outside the UK to more than
80 countries.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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