Prime People PLC Exercise of Options and Issue of Equity (5024Z)

TIDMPRP

RNS Number : 5024Z

Prime People PLC

10 January 2020

Prime People plc

("Prime People" or the "Company")

Exercise of Options, Transaction in Own Shares, Issue of Equity and PDMR Shareholding

Prime People plc (AIM: PRP) announces that 35,000 share options over ordinary shares of 10 pence each in the Company ("Ordinary Shares") have today been exercised by William Buck, a person discharging managerial responsibilities of the Company. 25,000 share options were exercised at a price of 10 pence per Ordinary Share and 10,000 share options were exercised at a price of 50 pence per Ordinary Share.

In order to satisfy the exercise, the Company has today transferred 17,926 Ordinary Shares from its treasury account, within the terms of the Company's Enterprise Management Incentive Share Option Scheme. Following this transfer, the Company holds no Ordinary Shares in treasury.

In order to satisfy the balance of the exercise, the Company has allotted and issued 17,074 new Ordinary Shares (the "New Shares"). Application has been made for the New Shares to be admitted to trading on AIM which is expected to occur on 16 January 2020. The New Shares will rank pari passu in all respects with the Company's existing Ordinary Shares.

Following the transactions, Mr. Buck holds 147,500 Ordinary Shares, representing approximately 1.20 per cent of the Company's issued share capital.

Following the above transactions, the Company's issued share capital comprises 12,307,273 Ordinary Shares, with no Ordinary Shares held in treasury. Therefore, the total number of Ordinary Shares with voting rights in Prime People is 12,307,273, which 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.

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

For further information, please contact:

 
 
 Prime People                            020 7318 1785 
 Robert Macdonald, Executive Chairman 
 
 
 Cenkos Securities plc                   020 7397 8900 
 Katy Birkin/Harry Hargreaves

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                                        William Buck 
      ------------------------------------------  ----------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------- 
 a)    Position/status                             Director of Macdonald and 
                                                    Company Pte. Limited 
      ------------------------------------------  ----------------------------------- 
 b)    Initial notification/Amendment              Initial Notification 
      ------------------------------------------  ----------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------------- 
 a)    Name                                        Prime People Plc 
      ------------------------------------------  ----------------------------------- 
 b)    LEI                                         213800IY9PFL1DOWHY26 
      ------------------------------------------  ----------------------------------- 
 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                Ordinary Shares of 10p each 
        instrument, type of instrument 
      ------------------------------------------  ----------------------------------- 
       Identification code                         GB00B4ZG0R74 
      ------------------------------------------  ----------------------------------- 
 b)    Nature of the transaction                   Acquisition of Ordinary Shares 
                                                    following exercise of options 
                                                    under the Company's Enterprise 
                                                    Management Incentive Share 
                                                    Option Scheme 
      ------------------------------------------  ----------------------------------- 
 c)    Price(s) and volumes(s)                         Price(s)          Volume(s) 
      ------------------------------------------  -----------------  ---------------- 
                               GBP0.10                                    25,000 
  -----------------------------------------------------------------  ---------------- 
                               GBP0.50                                    10,000 
  -----------------------------------------------------------------  ---------------- 
 d)    Aggregated information                      N/A single transaction 
      ------------------------------------------  ----------------------------------- 
  Aggregated volume                           N/A single transaction 
 ------------------------------------------  ---------------------------------------- 
  Price                                       N/A single transaction 
 ------------------------------------------  ---------------------------------------- 
 e)    Date of the transaction                     10 January 2020 
      ------------------------------------------  ----------------------------------- 
 f)    Place of the transaction                    Outside of a trading venue 
      ------------------------------------------  -----------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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January 10, 2020 11:41 ET (16:41 GMT)

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