TIDMWINE
RNS Number : 5846D
Majestic Wine PLC
27 April 2017
For Immediate Release 27 April 2017
Majestic Wine PLC
("Majestic")
Issue of deferred consideration shares
Director/PDMR Shareholdings
As announced on 25 April 2017, return on investment performance
conditions relating to the deferred contingent consideration for
the first year of the Naked Wines acquisition earn-out have been
met in full.
In line with the timing and amounts outlined in the 2015
acquisition agreement, 434,115 new ordinary shares of 7.5p each in
the Company ("Ordinary Shares") have now been issued to 29 members
of Naked Wines management through an Employee Benefit Trust.
Four PDMR's (Persons Discharging Managerial Responsibilities)
are included in the 29 members of the management team and have
notified the Company of the following transactions in order to
cover Tax and National Insurance liabilities:
Name Title Number Number of Sale price Total number
of Ordinary Ordinary per Ordinary of Ordinary
Shares Shares sold Share Shares
awarded to cover held
tax liabilities
------------------ ------------------ ------------- ---------------- ------------- ------------
Chief Financial
James Crawford Officer 53,614 25,294 GBP3.72 42,320
------------------ ------------------ ------------- ---------------- ------------- ------------
Chief Technology
Derek Hardy Officer 85,729 35,563 GBP3.72 86,148
------------------ ------------------ ------------- ---------------- ------------- ------------
Managing
Director
Naked Wines
Eamon Fitzgerald UK 70,547 33,281 GBP3.72 37,266
------------------ ------------------ ------------- ---------------- ------------- ------------
Managing
Director
Naked Wines
Greg Banbury Australia 2,707 1,340 GBP3.72 25,686
------------------ ------------------ ------------- ---------------- ------------- ------------
In addition, following the satisfaction of performance criteria,
a third of the following PDMR's consideration shares that were
issued at the time of the acquisition in 2015 but were restricted
from being traded, have now become unrestricted:
Name Title Number of Total number
Ordinary of Ordinary Shares
Shares unrestricted held
--------------- ------------------ --------------------- -------------------
Chief Executive
Rowan Gormley Officer 1,724,345 4,528,881
--------------- ------------------ --------------------- -------------------
Chief Technology
Derek Hardy Officer 9,853 86,148
--------------- ------------------ --------------------- -------------------
Managing
Director
Naked Wines
Luke Jecks USA 102,995 308,985
--------------- ------------------ --------------------- -------------------
Managing
Director
Naked Wines
Greg Banbury Australia 8,106 25,686
--------------- ------------------ --------------------- -------------------
The notifications below are provided in accordance with the
requirements of Article 19 of the EU Market Abuse Regulations.
For further information, please contact:
Majestic Wine PLC Tel: 01923 298 200
Rowan Gormley, Chief Executive Tel: 07891 206239
Officer gabby.clinkard@majestic.co.uk
James Crawford, Chief Financial
Officer
Gabriella Clinkard, Public & Investor
Relations
Investec (NOMAD & Joint Broker) Tel: 0207 597 5970
Garry Levin / David Flin / David
Anderson/Carlton Nelson
Liberum (Joint Broker) Tel: 020 3100 2222
Peter Tracey / Anna Hartropp /
Richard Bootle
MAJESTIC WINE PLC
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -----------------------------------------------------------------------
a) Name James Crawford
---- -------------------------- -------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------
a) Position/status Chief Financial Officer
---- -------------------------- -------------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- -------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
---- -----------------------------------------------------------------------
a) Name Majestic Wine PLC
---- -------------------------- -------------------------------------------
b) LEI 213800PRRI453CKM5429
---- -------------------------- -------------------------------------------
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 7.5p
of the GB00B021F836
financial
instrument,
type of
instrument
Identification
code
---- -------------------------- -------------------------------------------
b) Nature 1) Vesting of Naked Wines acquisition
of the incentive award shares
transaction 2) Sale of Ordinary Shares
to meet tax and National Insurance
liabilities
---- -------------------------- -------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------- ---------------
1) Nil 1) Shares
awarded:
53,614
2) GBP 2) Shares
3.72 sold: 25,294
------------- ---------------
---- -------------------------- -------------------------------------------
Aggregated
d) information 2 ) 25,249
2 ) 372p
* Aggregated volume
* Price
------------------------------- -------------------------------------------
e) Date of 27 April 2017
the transaction
---- -------------------------- -------------------------------------------
f) Place London Stock Exchange (XLON);
of the AIM Market
transaction
---- -------------------------- -------------------------------------------
MAJESTIC WINE PLC
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -----------------------------------------------------------------------
a) Name Derek Hardy
---- -------------------------- -------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------
a) Position/status Chief Technology Officer
---- -------------------------- -------------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- -------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
---- -----------------------------------------------------------------------
a) Name Majestic Wine PLC
---- -------------------------- -------------------------------------------
b) LEI 213800PRRI453CKM5429
---- -------------------------- -------------------------------------------
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 7.5p
of the GB00B021F836
financial
instrument,
type of
instrument
Identification
code
---- -------------------------- -------------------------------------------
b) Nature 1) Vesting of Naked Wines acquisition
of the incentive award shares
transaction 2) Sale of Ordinary Shares
to meet tax and National Insurance
liabilities
---- -------------------------- -------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------- --------------------
1) Nil 1) Shares
awarded:
85,729
2) GBP 2) Shares
3.72 sold: 35,563
------------- --------------------
---- -------------------------- -------------------------------------------
Aggregated
d) information 2 ) 35,563
2 ) 372p
* Aggregated volume
* Price
------------------------------- -------------------------------------------
e) Date of 27 April 2017
the transaction
---- -------------------------- -------------------------------------------
f) Place London Stock Exchange (XLON);
of the AIM Market
transaction
---- -------------------------- -------------------------------------------
MAJESTIC WINE PLC
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -----------------------------------------------------------------------
a) Name Eamon Fitzgerald
---- -------------------------- -------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------
a) Position/status Managing Director, Naked Wines
UK
---- -------------------------- -------------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- -------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
---- -----------------------------------------------------------------------
a) Name Majestic Wine PLC
---- -------------------------- -------------------------------------------
b) LEI 213800PRRI453CKM5429
---- -------------------------- -------------------------------------------
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 7.5p
of the GB00B021F836
financial
instrument,
type of
instrument
Identification
code
---- -------------------------- -------------------------------------------
b) Nature 1) Vesting of Naked Wines acquisition
of the incentive award shares
transaction 2) Sale of Ordinary Shares
to meet tax and National Insurance
liabilities
---- -------------------------- -------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------- -------------------
1) Nil 1) Shares
2) GBP awarded:
372p 70,547
2) Shares
sold: 33,281
------------- -------------------
---- -------------------------- -------------------------------------------
Aggregated
d) information 2 ) 33,281
2 ) 372p
* Aggregated volume
* Price
------------------------------- -------------------------------------------
e) Date of 27 April 2017
the transaction
---- -------------------------- -------------------------------------------
f) Place London Stock Exchange (XLON);
of the AIM Market
transaction
---- -------------------------- -------------------------------------------
MAJESTIC WINE PLC
DIRECTOR/PDMR SHAREHOLDING
1 Details of the person discharging managerial
responsibilities/person closely associated
---- -----------------------------------------------------------------------
a) Name Greg Banbury
---- -------------------------- -------------------------------------------
2 Reason for the notification
---- -----------------------------------------------------------------------
a) Position/status Managing Director, Naked Wines
Australia
---- -------------------------- -------------------------------------------
b) Initial Initial Notification
notification/
Amendment
---- -------------------------- -------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
---- -----------------------------------------------------------------------
a) Name Majestic Wine PLC
---- -------------------------- -------------------------------------------
b) LEI 213800PRRI453CKM5429
---- -------------------------- -------------------------------------------
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 7.5p
of the GB00B021F836
financial
instrument,
type of
instrument
Identification
code
---- -------------------------- -------------------------------------------
b) Nature 1) Vesting of Naked Wines acquisition
of the incentive award shares
transaction 2) Sale of Ordinary Shares
to meet tax and National Insurance
liabilities
---- -------------------------- -------------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) ------------- -------------------
1) Nil 1) Shares
awarded:
2,707
2) GBP 2)Shares
3.72 sold: 1,340
------------- -------------------
---- -------------------------- -------------------------------------------
Aggregated
d) information 2 ) 1,340
2 ) 372p
* Aggregated volume
* Price
------------------------------- -------------------------------------------
e) Date of 27 April 2017
the transaction
---- -------------------------- -------------------------------------------
f) Place London Stock Exchange (XLON);
of the AIM Market
transaction
---- -------------------------- -------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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