Company Announcements

Director/PDMR Shareholding

Source: RNS
RNS Number : 2594J
Slingsby(H.C.)Plc
09 December 2022
 

9 December 2022

H C SLINGSBY PLC

("Slingsby" or the "Company" or the "Group")

 

 

Director/PDMR Shareholding

The Company announces that it has been advised that Morgan Morris, Group Chief Executive, purchased 30,061 ordinary shares of 25p each in the Company ("Ordinary Shares") at a price of 260 pence per share on 8 December 2022 from the HC Slingsby Retirement Benefit Scheme ("the Acquired Shares").

Mr Morris has also agreed to pay further consideration as follows:

-              If in the period up to 8 December 2025, the Acquired Shares are sold at a price in excess of £3.50 then further consideration of 50% of the excess over £3.50 will be payable to the vendors; and

-              If in the following two year period up to 8 December 2027, the Acquired Shares are sold at a price in excess of £4 then further consideration of 50% of the excess over £4 will be payable to the vendors.

Mr Morris is entitled to sell the 63,500 Ordinary Shares he held prior to the acquisition of the Acquired Shares before the above further consideration becomes payable.

Following this purchase, Morgan Morris has a total beneficial interest in 93,561 Ordinary Shares, equivalent to 8.91 per cent. of the Company's issued ordinary share capital.

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

 

For further information, please contact:

 

H C Slingsby PLC

Tel: 01274 535 030

Dominic Slingsby, Interim Executive Chairman


Morgan Morris, Group Chief Executive

 

 


Allenby Capital Limited (Nominated Adviser and Broker)

Tel: 020 3328 5656

David Worlidge / George Payne


 

 

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

 

Morgan Morris

 

2

 

Reason for the notification

 

a)

 

Position/status

 

Group Chief Executive

 

b)

 

Initial notification /Amendment

 

Initial Notification

3

 

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

 

a)

 

Name

 

H C Slingsby plc

b)

 

LEI

 

2138004NA2QBB4KXV279

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

 

Ordinary shares of 25 pence each in H C Slingsby plc

 

 

GB0008138009

b)

 

Nature of the transactions

 

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

260p

 

 

Volume(s)

 

30,061

d)

 

Aggregated information

- Aggregated volume

- Price

- Principal amount

 

 

30,061

260p

£78,158.60

 

e)

 

Dates of the transaction

 

8 December 2022




f)

Place of transaction

Off Market

 

 

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