Plastics Capital PLC Issue of Equity and Directors' Shareholdings (0988J)
September 06 2016 - 6:16AM
UK Regulatory
TIDMPLA
RNS Number : 0988J
Plastics Capital PLC
06 September 2016
Plastics Capital plc
(the "Company" or the "Group")
Issue of Equity and Directors' Shareholdings
Further to the Company's announcement on 25 August 2016,
Plastics Capital (AIM: PLA), the niche plastics products group,
announces that it has allotted 296,450 new ordinary shares of 1p
each in the Company ("New Shares") to those shareholders who
elected to receive the Scrip Dividend Alternative. The New Shares
are expected to be admitted to AIM on 7 September 2016
("Admission").
The following Directors have been allocated New Shares in the
following amounts:
Director New Shares Resultant Resultant
acquired holding holding
pursuant following (% of enlarged
to Scrip Admission issued
Dividend share capital
Alternative following
Admission)
Faisal Rahmatallah
(Chairman) 35,516 2,754,067 7.73%
------------- ----------- ----------------
Nick Ball (Group Finance
Director) 5,570 207,371 0.58%
------------- ----------- ----------------
Richard Vessey (Non-Executive
Director) 68,313 2,542,920 7.13%
------------- ----------- ----------------
Andrew Walker (Non-Executive
Director) 6,074 226,166 0.63%
------------- ----------- ----------------
Following Admission, the Company will have 35,641,023 ordinary
shares in issue admitted to trading on AIM. Following Admission,
the above figure (35,641,023) may be used by shareholders as the
denominator for 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 FCA's Disclosure and
Transparency Rules.
Template for notification and public disclosure of transactions
by persons discharging managerial responsibilities (PDMRs) and
persons closely associated with them:
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 Scrip dividend
transaction
------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
106.5p per
share 35,516
----------
------------------------- ----------------------------
d) Aggregated information
- Aggregated volume
N/A
- Price
Single transaction
------------------------- ----------------------------
e) Date of the transaction 5 September 2016
------------------------- ----------------------------
f) Place of the transaction London Stock Exchange (AIM)
------------------------- ----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Nick Ball
------------------------- ----------------------------
2 Reason for the notification
-------------------------------------------------------
a) Position/status Group Finance Director
------------------------- ----------------------------
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 Scrip dividend
transaction
------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
106.5p per
share 5,570
----------
------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A
- Price Single transaction
------------------------- ----------------------------
e) Date of the transaction 5 September 2016
------------------------- ----------------------------
f) Place of the transaction London Stock Exchange (AIM)
------------------------- ----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Richard Vessey
------------------------- ----------------------------
2 Reason for the notification
-------------------------------------------------------
a) Position/status Non-Executive Director
------------------------- ----------------------------
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 Scrip dividend
transaction
------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
106.5p per
share 68,313
----------
------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A
- Price Single transaction
------------------------- ----------------------------
e) Date of the transaction 5 September 2016
------------------------- ----------------------------
f) Place of the transaction London Stock Exchange (AIM)
------------------------- ----------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Andrew Walker
------------------------- ----------------------------
2 Reason for the notification
-------------------------------------------------------
a) Position/status Non-Executive Director
------------------------- ----------------------------
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 Scrip dividend
transaction
------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
106.5p per
share 6,074
----------
------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A
- Price Single transaction
------------------------- ----------------------------
e) Date of the transaction 5 September 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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