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On 10 March 2025, Angling Direct plc's Non-Executive Chairman, Andy Torrance, exercised 270,000 share options. These ordinary shares were transferred from the Company's treasury at an exercise price of 21 pence per share, with Mr. Torrance paying £56,700. Following this transaction, Mr. Torrance holds 420,000 Ordinary Shares, representing 0.6% of the Company's issued share capital with voting rights, and the Company's total voting rights are 75,074,304.
| Date | 10 Mar 2025 |
| Time | 10:00:01 |
| Category | Director/PDMR dealings |
| ID | 0073A |
10 March 2025
Angling Direct plc
("Angling Direct" or "Company" or "Group")
Director / PDMR Shareholding and Total Voting Rights
Angling Direct plc (AIM: ANG), the leading omni-channel specialist fishing tackle and equipment retailer, announces that Andy Torrance, Non-Executive Chairman, has received 270,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") following the exercise today of 270,000 share options awarded under the Company's Executive Director Share Option Scheme.
Following the exercise of the options, Andy Torrance holds 420,000 Ordinary Shares in the capital of the Company, representing 0.6% of the Company's issued share capital with voting rights.
The exercise of the options has been satisfied through the transfer of 270,000 Ordinary Shares held by the Company in treasury at an exercise price of 21 pence per Ordinary Share for total consideration of £56,700 paid by Mr Torrance in cash.
Total Voting Rights
The Company's total issued share capital is 77,267,304 Ordinary Shares. Following the transfer of 270,000 Ordinary Shares from treasury to Mr Torrance, the Company now holds 2,193,000 Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 75,074,304. The International Securities Identification Number for the Company's Ordinary Shares is GB00BF1XGQ00.
The Notification of Dealing Form required in accordance with UK MAR is set out below.
For further information please contact:
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Angling Direct plc Steven Crowe, Chief Executive Officer Sam Copeman, Chief Financial Officer |
via FTI Consulting |
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Singer Capital Markets - NOMAD and Broker Peter Steel Alex Bond Tom Salvesen James Todd |
+44 (0) 20 7496 3000 |
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FTI Consulting - Financial PR Alex Beagley Matthew Young Hannah Butler |
+44 (0) 20 3727 1000
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About Angling Direct
Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK, with an established and growing presence in Europe. Headquartered in Norfolk UK, the Company sells fishing tackle products and related equipment through its network of approximately 50 UK retail stores, as well as through its leading digital platform (www.anglingdirect.co.uk) and the MyAD Fishing Club app. The Company has three further native language websites in its key European territories (www.anglingdirect.de, .fr, .nl), with orders fulfilled by its international distribution centre in The Netherlands.
Angling Direct's purpose is to inspire everyone to get out and enjoy an exceptional fishing experience, regardless of background or ability, in the great outdoors. Angling Direct's active digital channels and its circa 500 colleagues contribute to the Company's ethos of care for the wider community and the environment (www.anglingdirect.co.uk/sustainability). Angling Direct currently sells over 25,000 fishing tackle products from industry leading brands alongside its own brands 'Advanta', and entry level offering 'Discover'.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a) |
Name |
Andrew Torrance |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-Executive Chairman |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Angling Direct plc |
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b) |
LEI |
213800MZ7P7HZIRI7H93 |
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4
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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 |
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 1 pence each
GB00BF1XGQ00 |
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b) |
Nature of the transaction |
Exercise of options |
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c) |
Price(s) and volume(s) |
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d)
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Aggregated information
- Aggregated volume
- Price
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N/A - single transaction |
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e) |
Date of the transaction |
10 March 2025 |
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f) |
Place of the transaction |
Outside a trading venue |
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