Venture Life Group PLC Director/PDMR Shareholding (0830L)
April 17 2018 - 1:01AM
UK Regulatory
TIDMVLG
RNS Number : 0830L
Venture Life Group PLC
17 April 2018
Venture Life Group plc
("Venture Life" or "the Company")
Director/PDMR Shareholding
Venture Life (AIM: VLG), the international consumer self-care
group focused on developing, manufacturing and commercialising
products for the self-care market announces that, on 16 April 2018,
Gianluca Braguti, a Director of the Company, transferred a total of
2.3 million ordinary shares of 0.3p each in the Company for nil
consideration, subject to the terms of a lock-in deed as described
below, to his two sons and his former wife (the 'Locked-in
Parties'). Following the transaction, Gianluca Braguti's beneficial
interest is 4,785,459 ordinary shares representing 13.0 per cent.
of the Company's issued share capital.
The Locked-in Parties have agreed not to dispose of their
holdings in the Company (the 'Locked-in Shares') for a period of 24
months commencing on the date when the relevant ordinary shares are
registered in the name of a Locked-in Party (the 'Lock-in Period').
In addition, the Locked-in Parties have agreed to an orderly market
arrangement whereby, following expiry of the Lock-in Period for as
long as Gianluca Braguti is a Director of the Company, they will
only dispose of their Locked-in Shares via the Company's broker.
The Locked-In Parties have also agreed that, for as long as
Gianluca Braguti is a Director of the Company, all voting rights
attached to their Locked-in Shares will be exercised as directed by
him.
Enquiries
+44 (0) 1344 578
Venture Life Group PLC 004
Jerry Randall, Chief Executive Officer
Adrian Crockett, Chief Financial Officer
Northland Capital Partners Limited (Nominated +44 (0) 20 3861
Adviser and Joint Broker) 6625
Matthew Johnson/Edward Hutton (Corporate Finance)
Bob Pountney (Corporate Broking)
+44 (0) 20 3621
Turner Pope Investments (TPI) Ltd (Joint Broker) 4120
Andy Thacker
Walbrook PR venturelife@walbrookpr.com or +44
(0) 20 7933 8780
Paul McManus/Anna Dunphy +44 (0) 7980 541 893 / +44 (0) 7876
741 001
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 Gianluca Braguti
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Director
-------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Venture Life Group plc
-------------------------- ----------------------------------------
b) LEI 213800S8CZUPLAB2KC70
-------------------------- ----------------------------------------
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 the Ordinary Shares of 0.3p each in Venture
financial instrument, Life Group plc
type of instrument
-------------------------- ----------------------------------------
b) Identification code GB00BFPM8908
-------------------------- ----------------------------------------
c) Nature of the transaction Disposal
-------------------------- ----------------------------------------
d) Price and volumes Price: nil consideration
Volumes: 2.3 million Ordinary Shares
-------------------------- ----------------------------------------
d) Aggregated information N/a
- Aggregated volume
- Price
-------------------------- ----------------------------------------
e) Date of the transaction 16 April 2018
-------------------------- ----------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- ----------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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