TIDMPTD
RNS Number : 8413V
Pittards PLC
11 April 2023
Pittards plc
(the "Company")
Result of General Meeting, Director/ PDMR Dealing
and Total Voting Rights
Pittards plc, the specialist producer of technically advanced
leather and luxury leather goods for retailers, manufacturers and
distributors, announces that at the General Meeting held earlier
today in connection with the Placing, Director Shares and Share
Reorganisation, that all resolutions were passed. Details of the
resolutions were set out in the Notice of General Meeting dated 24
March 2023 and results of the proxy voting will shortly be
available on the Company's website
https://corporate.pittards.com/investors/ .
Directors' Loans and Director Shares
Further to the Notice of General Meeting and the passing of
Resolutions 1 to 5 (inclusive), the interest free loans of
c.GBP85,000 made by the Directors and certain other employees to
the Company will be converted into 340,000 New Ordinary Shares at
the Placing Price, details of which are set out below:
Name Position Existing Value of Director Shares New Ordinary Percentage of
Ordinary Shares Directors' (as a result of Shares held on Enlarged
Loans the conversion Admission* Voting Issued
of the Share Capital*
Directors'
Loans)
Stephen Yapp Director 276,947 GBP50,000 200,000 476,900 3.3%
---------- ---------------- ---------------- ---------------- ---------------- ---------------
Reginald
Hankey** Director 417,848 GBP10,000 40,000 457,800 3.2%
---------- ---------------- ---------------- ---------------- ---------------- ---------------
Alan Burgess Director 21,643 GBP5,000 20,000 41,600 0.3%
---------- ---------------- ---------------- ---------------- ---------------- ---------------
Louise Cretton Director 39,570 GBP5,000 20,000 59,500 0.4%
---------- ---------------- ---------------- ---------------- ---------------- ---------------
Godfrey Davis Director 170,982 GBP10,000 40,000 210,900 1.5%
---------- ---------------- ---------------- ---------------- ---------------- ---------------
John Loxston PDMR 25,266 GBP2,000 8,000 33,200 0.2%
---------- ---------------- ---------------- ---------------- ---------------- ---------------
Other employees N/A N/A GBP3,000 12,000 N/A N/A
---------- ---------------- ---------------- ---------------- ---------------- ---------------
*As adjusted by the Share Reorganisation
** Held by the Director and his spouse
Bank facilities
Further to the Placing, Lloyds has increased the overdraft
facility by GBP340,000. In addition, it has extended the Company's
other borrowing facilities until 30 June 2023. Negotiations with
Lloyds regarding new facilities or the restructuring of their
existing facilities remain ongoing.
Share Reorganisation
Further to the Notice of General Meeting and the passing of
Resolutions 1 to 4 (inclusive) the Company will be undertaking a
consolidation of shares immediately followed by a subdivision.
Under the Share Reorganisation, 10 new Ordinary Shares will be
issued at a price of 50 pence per share to ensure that as part of
the Share Reorganisation an exact whole number of Consolidated
Ordinary Shares will be issued. The Existing Ordinary Shares in
issue at the Record Date will then be consolidated into
Consolidated Ordinary Shares on the basis of one Consolidated
Ordinary Share for every 100 Existing Ordinary Shares. Each
Consolidated Ordinary Share will then be sub-divided into 100 New
Ordinary Shares and 4,900 Deferred Shares.
Admission
Application has been made to the London Stock Exchange for the
admission of 15,248,700 New Ordinary Shares to trading on AIM, as a
result of the issue of the Placing Shares and the Director Shares
and the Share Reorganisation. This comprises of 1,020,000 Placing
Shares, 340,000 Director Shares and 13,888,700 New Ordinary Shares
as a result of the Share Reorganisation. It is expected that
Admission will become effective at 8.00 a.m. on 12 April 2023. The
Company's new ISIN as a result of the Share Reorganisation will be
GB00BM8NGB73 and its SEDOL will be BM8NGB7.
Total Voting Rights
Following Admission, the Company's issued share capital will
consist of 15,248,700 Ordinary Shares of which 874,200 Ordinary
Shares are held in treasury. Therefore, the total number of voting
rights in the Company is 14,378,500. Shareholders may use this
figure 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
and Transparency Rules.
This announcement should be read in conjunction with the full
text of the Circular posted to Shareholders on 25 March 2023 copies
of which are available on the Company's website at
https://corporate.pittards.com/investors/ . Ca pitalised terms in
this announcement have the same meaning as given in the
Circular.
For further information, please contact:
Pittards plc www.pittards.com
Stephen Yapp, Chairman
Reg Hankey, CEO
Alan Burgess, CFO +44 (0) 1935 474 321
WH Ireland Limited https://www.whirelandplc.com/capital-markets
Mike Coe, Sarah Mather +44 (0)20 7220 1666
The below notification which is made in accordance with the
requirements of the Market Abuse Regulation, provides further
details of the interests acquired by persons discharging managerial
responsibilities in connection with the conversion of the
Directors' Loans:
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen Yapp
--------------------------- ---------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Chairman
--------------------------- ---------------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Pittards plc
--------------------------- ---------------------------------------
b) LEI 213800HAJ6N27BURB995
--------------------------- ---------------------------------------
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, Ordinary shares of 1p each
type of instrument
GB00BM8NGB73
Identification
code
--------------------------- ---------------------------------------
b) Nature of the transaction Conversion of Directors Loans into New
Ordinary Shares
--------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
25p 200,000
----------
--------------------------- ---------------------------------------
d) Aggregated information
- Aggregated volume 200,000
- Price GBP50,000
--------------------------- ---------------------------------------
e) Date of the transaction 11 April 2023
--------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM
--------------------------- ---------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Reginald Hankey
-------------------------- ------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Chief Executive
-------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Pittards plc
-------------------------- ------------------------------------------------
b) LEI 213800HAJ6N27BURB995
-------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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, Ordinary shares of 1p each
type of instrument
GB00BM8NGB73
Identification code
-------------------------- ------------------------------------------------
b) Nature of the transaction Conversion of Directors Loans into New Ordinary
Shares
-------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
25p 40,000
----------
-------------------------- ------------------------------------------------
d) Aggregated information
- Aggregated volume 40,000
- Price GBP10,000
-------------------------- ------------------------------------------------
e) Date of the transaction 11 April 2023
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------------
e) Date of the transaction 11 April 2023
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Alan Burgess
-------------------------- ------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Pittards plc
-------------------------- ------------------------------------------------
b) LEI 213800HAJ6N27BURB995
-------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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, Ordinary shares of 1p each
type of instrument
GB00BM8NGB73
Identification code
-------------------------- ------------------------------------------------
b) Nature of the transaction Conversion of Directors Loans into New Ordinary
Shares
-------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
25p 20,000
----------
-------------------------- ------------------------------------------------
d) Aggregated information
- Aggregated volume 20,000
- Price GBP5,000
-------------------------- ------------------------------------------------
e) Date of the transaction 11 April 2023
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------------
e) Date of the transaction 11 April 2023
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Louise Cretton
-------------------------- ------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Pittards plc
-------------------------- ------------------------------------------------
b) LEI 213800HAJ6N27BURB995
-------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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, Ordinary shares of 1p each
type of instrument
GB00BM8NGB73
Identification code
-------------------------- ------------------------------------------------
b) Nature of the transaction Conversion of Directors Loans into New Ordinary
Shares
-------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
25p 20,000
----------
-------------------------- ------------------------------------------------
d) Aggregated information
- Aggregated volume 20,000
- Price GBP5,000
-------------------------- ------------------------------------------------
e) Date of the transaction 11 April 2023
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------------
e) Date of the transaction 11 April 2023
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Godfrey Davis
-------------------------- ------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Pittards plc
-------------------------- ------------------------------------------------
b) LEI 213800HAJ6N27BURB995
-------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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, Ordinary shares of 1p each
type of instrument
GB00BM8NGB73
Identification code
-------------------------- ------------------------------------------------
b) Nature of the transaction Conversion of Directors Loans into New Ordinary
Shares
-------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
25p 40,000
----------
-------------------------- ------------------------------------------------
d) Aggregated information
- Aggregated volume 40,000
- Price GBP10,000
-------------------------- ------------------------------------------------
e) Date of the transaction 11 April 2023
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------------
e) Date of the transaction 11 April 2023
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------------
Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Loxston
-------------------------- ------------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status PDMR
-------------------------- ------------------------------------------------
b) Initial notification Initial Notification
/Amendment
-------------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Pittards plc
-------------------------- ------------------------------------------------
b) LEI 213800HAJ6N27BURB995
-------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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, Ordinary shares of 1p each
type of instrument
GB00BM8NGB73
Identification code
-------------------------- ------------------------------------------------
b) Nature of the transaction Conversion of Directors Loans into New Ordinary
Shares
-------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
25p 8,000
----------
-------------------------- ------------------------------------------------
d) Aggregated information
- Aggregated volume 8,000
- Price GBP2,000
-------------------------- ------------------------------------------------
e) Date of the transaction 11 April 2023
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------------
e) Date of the transaction 11 April 2023
-------------------------- ------------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ------------------------------------------------
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END
ROMFLFLLSLILLIV
(END) Dow Jones Newswires
April 11, 2023 07:17 ET (11:17 GMT)
Pittards (LSE:PTD)
過去 株価チャート
から 11 2024 まで 12 2024
Pittards (LSE:PTD)
過去 株価チャート
から 12 2023 まで 12 2024
