Tiso Blackstar Group SE Director/PDMR Shareholding (8018J)
June 30 2017 - 10:15AM
UK Regulatory
TIDMTBGR
RNS Number : 8018J
Tiso Blackstar Group SE
30 June 2017
Tiso Blackstar Group SE
(Incorporated in England and Wales)
(Company number SE 110)
(registered as an external company with limited liability in the
Republic of South Africa under registration number
2011/008274/10)
LSE Ticker: TBGR
JSE Share code: TBG
ISIN: MT0000620113 ("Tiso Blackstar" or the "Company")
Friday 30 June 2017
Director/PDMR Shareholding and issue of Treasury Shares
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 Andrew Bonamour
---- ---------------------- ----------------------------------
2. Reason for the notification
---- ----------------------------------------------------------
(a) Position/status Director, Tiso Blackstar Group
SE (PDMR)
---- ---------------------- ----------------------------------
(b) Initial notification/ Initial Notification
Amendment
---- ---------------------- ----------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ----------------------------------------------------------
(a) Name Tiso Blackstar Group SE
---- ---------------------- ----------------------------------
(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 Ordinary shares of EUR0.76
of the financial each
instrument,
type of instrument
Identification ISIN: MT0000620113
code
---- ---------------------- ----------------------------------
(b) Nature of the Award of forfeitable shares,
transaction subject to achievement of
performance conditions, under
the Management Incentive Scheme
as approved by shareholders
at the EGM on 20 June 2017.
---- ---------------------- ----------------------------------
(c) Price(s) and Price(s) Volume(s)
volume (s) ------------------- ----------
Zero (forfeitable
share award) 443,468
------------------- ----------
---- ---------------------- ----------------------------------
(d) Aggregated As stated above.
information
- Aggregated
volume
- Price
---- ---------------------- ----------------------------------
(e) Date of the 30 June 2017
transaction
---- ---------------------- ----------------------------------
(f) Place of the N/A
transaction
---- ---------------------- ----------------------------------
The Company has awarded in total 3,012,349 shares to all
participants under the Management Incentive Scheme (including the
award set out in (c) above), which equates to the total number of
treasury shares held by the Company. These awards were accepted by
participants on 30 June 2017. The vesting of such shares to
participants and the quantity of shares vested will be based on
achievement of the performance conditions over the performance
period. Therefore until the vesting date the shares will be subject
to risk of forfeiture if certain conditions are not met.
The Company has a total of 268,291,260 shares in issue and
3,012,349 treasury shares. The treasury shares will remain
disclosed as treasury shares for accounting purposes, however they
have been committed to meeting the Company's obligations to
participants under the Management Incentive Scheme and the
participants have the right to vote the shares.
The total number of voting rights in the Company is therefore
268,291,260 (the "Voting Rights Figure").The Voting Rights Figure
may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
voting rights interest, or a change to that interest, in the
Company under the FCA's Disclosure and Transparency Rules.
Tiso Blackstar confirms that, following the awards above, the
Concert Party, as defined in the Circular published on 26 May 2017,
now holds 34.57% percent of the Company's total voting rights.
For further information, please contact:
Tiso Blackstar Group
SE Leanna Isaac +44(0) 20 78876017
Northland Capital Partners Tom Price/Margarita +44(0) 20 3861
Limited Mitropoulou 6625
PSG Capital Proprietary +27(0) 21 887
Limited David Tosi 9602
---------------------------- --------------------- -------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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