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Belvoir Group PLC - Exercise of Options, Director/PDMR Dealing & TVR

RNS Number : 2225A
Belvoir Group PLC
17 January 2020
 

BELVOIR GROUP PLC

(the "Company", the "Group" or "Belvoir")

 

Exercise of Options

Director/PDMR Dealing

and

Total Voting Rights

 

Belvoir Group plc (AIM: BLV), the UK's largest property franchise, announces that Dorian Gonsalves, the Group's Chief Executive Officer, has exercised options over 163,399 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") held under the terms of the Company's unapproved share option scheme at a price of 75 pence per Ordinary Share.  Following this exercise Mr Gonsalves has sold 143,399 of the resulting Ordinary Shares to assist with the resulting tax liability as well as the cost of the option exercise. Following the above transactions Mr Gonsalves holds 483,595 Ordinary Shares, representing approximately 1.37 per cent of the Company's total issued share capital.

Application has been made for the 163,399 Ordinary Shares arising as a result of the above to be admitted to trading on AIM which is expected to occur on 23 January 2020.  Following this issue the Company's total issued share capital consists of 35,102,005 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury.  Therefore the total number of voting rights in the Company is 35,102,005. This figure 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 Guidance and Transparency Rules.

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Dorian Gonsalves

2

Reason for notification

  

a.

Position/Status

Chief Executive Officer

b.

Initial notification/

Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a.

Name

Belvoir Group 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 the financial instrument, type of instrument

Identification Code

 

 

ISIN: GB00B4QY1P51

b.

Nature of the transaction

Acquisition of Ordinary Shares following the Exercise of Share Options and Sale of Ordinary Shares

c.

Price(s) and volume(s)







Price(s)

Volume(s)


75p

163,399

Purchase


153.98p

15,000

 

Sale


149p

 

40,000

 

Sale


145.148p

30,000

Sale


139.4417p

58,399

Sale


d.

Aggregated information

Aggregated Purchase Volume

Aggregated Purchase Price

Aggregated Sale Volume

Aggregated Sale Price

 

163,399

75p

 

143,399

144.822p

 

e.

Date of the transaction

17 January 2020

f.

Place of the transaction

London Stock Exchange

 

 

For further details:

Belvoir Group PLC

Dorian Gonsalves, Chief Executive Officer

Louise George, Chief Financial Officer

www.belvoirgroup.com

 

 01476 584900

[email protected]

finnCap

Julian Blunt, Teddy Whiley (Corporate Finance)

Tim Redfern, Manasa Patil (ECM)

www.finncap.com

 

+44 (0) 20 7220 0500

Buchanan

Charles Ryland, Victoria Hayns & Tilly Abraham

 

 +44 (0) 20 7466 5000




Notes:

About Belvoir Group PLC

Founded in 1995 and listed on AIM in 2012 (BLV.L), Belvoir operates a nationwide property franchise group with 397 offices across five brands specialising in residential lettings, property management, residential sales and property-related financial services. With its Central Office in Grantham, Lincolnshire, the Group manages around 66,000 properties and reported record revenues of £13.7m in 2018 making Belvoir the largest property franchise group in the UK.

 

For further information, please visit: www.belvoirgroup.com

 


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Quick facts: Belvoir Group PLC

Price: 140.5

Market: AIM
Market Cap: £49.32 m
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