MartinCo PLC Director Shareholding and Issue of Equity (9355J)
September 15 2016 - 3:15AM
UK Regulatory
TIDMMCO
RNS Number : 9355J
MartinCo PLC
15 September 2016
MARTINCO PLC
(the 'Company' or the 'Group')
Director Shareholding and Issue of Equity
MartinCo PLC, one of the UK's largest property franchises,
announces that Ian Wilson, Chief Executive Officer, has exercised
his option over 979,200 ordinary shares ("New Ordinary Shares")
which had been granted under an Enterprise Management Incentive
Share Option Plan, at an exercise price was 17.64 pence per
share.
Accordingly, the application has been made for the New Ordinary
Shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will occur on 20 September 2016.
Following Admission, the Company will have 25,300,750 ordinary
shares in issue admitted to trading on AIM. This figure may be used
by shareholders as the denominator by which 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.
The information contained within this announcement is deemed by
the Group to constitute inside information under the Market Abuse
Regulations (EU) No. 596/2014.
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and their Closely Associated Persons
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name
Ian Wilson
--- ------------------------- --------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------
a) Position/status Chief Executive
--- ------------------------- --------------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------- --------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------
a) Name Martinco 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 1 penny
the financial each
instrument, type
of instrument
ISIN: GB00BH0WFH67
Identification
code
--- ------------------------- --------------------------------------
b) Nature of the Exercise of options
transaction
--- ------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
17.64p per
share 979,200
------------ ----------
--- ------------------------- --------------------------------------
d) Aggregated information
N/A - single transaction
- Aggregated volume
- Price
--- ------------------------- --------------------------------------
e) Date of the transaction 14 September 2016
--- ------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
--- ------------------------- --------------------------------------
Ends
For further information, please contact:
MartinCo PLC 01202 292829
Ian Wilson, Chief Executive Officer
David Raggett, Chief Financial Office
Cenkos Securities plc 0207 397 8925
Max Hartley (Nomad) ,Alex Aylen (Sales)
Bell Pottinger 020 3772 2500
David Rydell, Henry Lerwill
About MartinCo
MartinCo Group operates one of the UK's largest property
franchise businesses through its 6 Franchise brands Martin &
Co, CJ Hole, Parkers, Ellis & Co, Whitegates and EweMove.
The Group's franchisees manage approximately 46,300 properties
on behalf of private clients.
MartinCo is a multiple award winning business and the Directors
and senior management have over 100 years of combined residential
letting and estate agency experience.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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