Director/PDMR Transaction

RNS Number : 6455T
AJ Bell PLC
21 March 2019
 

 

AJ Bell plc (Company)

Director/PDMR Transaction - Initial Notification

The Company announces that it was notified on 19 March 2019, that Simon Turner a director/person discharging managerial responsibility (PDMR) in the Company has:

a)   sold 12,279 ordinary shares of £0.000125 each (Ordinary Shares) in the Company at a price of £3.014 each and that the same aggregate number of 12,279 Ordinary Shares have then been purchased by two of his adult children, neither of whom are a person closely associated (PCA), in Individual Savings Accounts in the names of Francesca Katherine Turner and Jamie Paul Turner respectively and a Lifetime Individual Savings Account in the name of Jamie Paul Turner.  The sale and purchases all took place on 18 March 2019;

 

b)   transferred by way of gift 6,682 Ordinary Shares to his adult child, Mark Stephen Turner, who is not PCA. The transfer took place on 18 March 2019;

 

c)   transferred by way of gift 478 Ordinary Shares to his adult child, Jamie Paul Turner, who is not a PCA. The transfer took place on 18 March 2019.

The transactions were entered into in accordance with exceptions from the lock up arrangements applicable to Management Selling Shareholders (as defined in the prospectus published in relation to the initial public offering of the Company's shares on 27 November 2018 (Prospectus), as described in paragraph 10 of Part 7 (Details of the Offer) of the Prospectus, of one year in respect of 100% of their shareholdings at Admission (as defined in the Prospectus) and a further one year in respect of 50% of such shareholdings. Notwithstanding the transaction, the Ordinary Shares remain subject to the terms of such lock up arrangements.

Following the above transactions, the number of shares in which Simon Turner has an interest has reduced to 316,302 (representing approximately 0.07% of the Company's total issued share capital).

This announcement, including the notification below, is made in accordance with the requirements of the EU Market Abuse Regulation.

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  

Simon Turner 

2

 

Reason for the notification

 

a)

 

Position/status

   

Non-Executive Director/PDMR 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

a)

 

Name

AJ Bell plc

b)

 

LEI

 

213800VNKA7DPWXWJJ36

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

Ordinary shares of £0.000125 each


Identification code

 

GB00BFZNLB60 

 

b)

 

Nature of the transaction

  

Sale of Ordinary Shares

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

GBP  3.014

12,279

 

 d)

Aggregated information

 

·      Aggregated volume

 

·      Price  

 

 

 

12,279

 

GBP  3.014

 

e)

 

Date of the transaction  

18 March 2019

f)

 

Place of the transaction  

 

London Stock Exchange

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

a)

 

Name  

Simon Turner 

2

 

Reason for the notification

 

a)

 

Position/status

   

Non-Executive Director/PDMR 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

a)

 

Name

AJ Bell plc

b)

 

LEI

 

213800VNKA7DPWXWJJ36

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

Ordinary shares of £0.000125 each


Identification code

 

GB00BFZNLB60 

 

b)

 

Nature of the transaction

  

Transfers of Ordinary Shares by way of gift to adult children:

(i)         Mark Stephen Turner (6,682 Ordinary Shares); and

 

(ii)         Jamie Paul Turner (478 Ordinary Shares).

c)

 

Price(s) and volume(s)

 

Price(s)

Volume(s)

GBP  0

6,682

GBP  0

478

 

 d)

Aggregated information

 

·      Aggregated volume

 

·      Price  

 

 

 

7,160

 

GBP  0

 

e)

 

Date of the transaction  

18 March 2019

f)

 

Place of the transaction  

 

Outside a trading venue

Name of officer of issuer responsible for making notification: Bruce Robinson (Company Secretary)

Date of notification: 21 March 2019 

 


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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