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Likewise Group plc announced that on 8 July 2022, CEO Tony Brewer, Non-Executive Director Andrew Simpson, and PDMRs Adrian Laffey and James Kellett purchased an aggregate of 179,800 ordinary shares in the company at prices ranging from 27.7 pence to 28.5 pence per share. These purchases, along with shares acquired by Concert Party member Stuart Large, were funded by the company's maiden dividend paid on the same date and resulted in the Concert Party's overall holding in the company's voting rights reaching 34.10%, permitted by the Panel on Takeovers and Mergers under Rule 9, Note 11.
| Date | 11 Jul 2022 |
| Time | 07:00:06 |
| Category | Director/PDMR dealings |
| ID | 9293R |
11 July 2022
Likewise Group plc
("Likewise", or the "Company")
Director and PDMR Dealing
Likewise Group plc (AIM:LIKE), the fast growing UK floor coverings distributor, announces that it has been notified that, on 8 July 2022, Chief Executive Officer Tony Brewer, Non-Executive Director Andrew Simpson and PDMRs Adrian Laffey and James Kellett (together the "PDMRs"), have purchased an aggregate of 179,800 ordinary shares of 1 pence each in the Company ("Shares") at prices from 27.7 pence per Share to 28.5 pence per Share.
Following the purchases, the PDMRs are beneficially interested in the voting capital of the Company as follows:
|
Shareholder |
Role |
Number of Shares purchased |
Total Shares beneficially interested in |
Percentage of voting rights |
|
Tony Brewer |
Chief Executive Officer |
109,550 |
29,742,500 |
12.20% |
|
Andrew Simpson |
Non-Executive Director |
35,000 |
19,735,000 |
8.09% |
|
Adrian Laffey |
Mainstream Residential Director |
21,250 |
6,806,607 |
2.79% |
|
James Kellett |
Mainstream Contract Director |
14,000 |
5,449,714 |
2.24% |
As disclosed in the Company's General Meeting circular posted to shareholders on 22 June 2022, the PDMRs are members of a concert party with other pre-IPO shareholders (the "Concert Party"), which has been agreed with the Panel on Takeovers and Mergers (the "Panel"). In addition to the purchases by the PDMRs, the Company has been informed that Stuart Large, who is also a member of the Concert Party, acquired Shares on 8 July 2022.
These purchases have been permitted by the Panel under Note 11 of Rule 9 of the Takeover Code because (a) the purchases do not exceed 1% of the issued share capital of the Company as at 8 July 2022; and (b) the Concert Party has not exceeded the highest percentage of Shares in which it has been interested in the past 12 months. All of the purchases have been made utilising the proceeds of the Company's maiden dividend, which was paid on 8 July 2022.
As a result of these purchases, the overall holding of the Concert Party in the voting rights of the Company is now 34.10%.
For further information, please contact:
|
Likewise Group plc Tony Brewer, Chief Executive Roy Povey, Chief Financial Officer
|
Tel: 0121 871 2900 |
|
Zeus (Nominated Adviser & Joint Broker) Jordan Warburton / David Foreman / James Edis (Investment Banking) Dominic King (Corporate Broking)
|
Tel: 0203 829 5000 |
|
Ravenscroft Consultancy & Listing Services Limited (Joint Broker) Semelia Hamon (Corporate Finance) |
Tel: 01481 732746 |
|
Novella Communications (Financial PR) Claire de Groot / Tim Robertson |
Tel: 0203 151 7008 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
In accordance with Article 19 of the UK Market Abuse Regulation, detailed information is set out below.
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||||
|
a) |
Name: |
Tony Brewer |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/Status:
|
Chief Executive Officer |
|||
|
b) |
Initial Notification/Amendment:
|
Initial Notification |
|||
|
3 |
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name: |
Likewise Group plc |
|||
|
b) |
LEI: |
|
|||
|
4. |
Details of 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: Identification code: |
Ordinary shares of £0.01 ISIN: GB00BHNWH003 |
|||
|
b) |
Nature of the transaction:
|
Purchase of Shares |
|||
|
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
||
|
28.48204 pence |
109,550 |
||||
|
d) |
Aggregated volume: Price: |
As above |
|||
|
e) |
Date of the Transaction: |
8 July 2022 |
|||
|
f) |
Place of the Transaction: |
London Stock Exchange |
|||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||||
|
a) |
Name: |
Andrew Simpson |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/Status:
|
Non-Executive Director |
|||
|
b) |
Initial Notification/Amendment:
|
Initial Notification |
|||
|
3 |
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name: |
Likewise Group plc |
|||
|
b) |
LEI: |
|
|||
|
4. |
Details of 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: Identification code: |
Ordinary shares of £0.01 ISIN: GB00BHNWH003 |
|||
|
b) |
Nature of the transaction:
|
Purchase of Shares |
|||
|
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
||
|
27.7 pence |
35,000 |
||||
|
d) |
Aggregated volume: Price: |
As above |
|||
|
e) |
Date of the Transaction: |
8 July 2022 |
|||
|
f) |
Place of the Transaction: |
London Stock Exchange |
|||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||||
|
a) |
Name: |
Adrian Laffey |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/Status:
|
Mainstream Residential Director |
|||
|
b) |
Initial Notification/Amendment:
|
Initial Notification |
|||
|
3 |
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name: |
Likewise Group plc |
|||
|
b) |
LEI: |
|
|||
|
4. |
Details of 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: Identification code: |
Ordinary shares of £0.01 ISIN: GB00BHNWH003 |
|||
|
b) |
Nature of the transaction:
|
Purchase of Shares |
|||
|
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
||
|
28.48204 pence |
21,250 |
||||
|
d) |
Aggregated volume: Price: |
As above |
|||
|
e) |
Date of the Transaction: |
8 July 2022 |
|||
|
f) |
Place of the Transaction: |
London Stock Exchange |
|||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
||||
|
a) |
Name: |
James Kellett |
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/Status:
|
Mainstream Contract Director |
|||
|
b) |
Initial Notification/Amendment:
|
Initial Notification |
|||
|
3 |
Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name: |
Likewise Group plc |
|||
|
b) |
LEI: |
|
|||
|
4. |
Details of 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: Identification code: |
Ordinary shares of £0.01 ISIN: GB00BHNWH003 |
|||
|
b) |
Nature of the transaction:
|
Purchase of Shares |
|||
|
c) |
Price(s) and volume(s): |
Price(s) |
Volume(s) |
||
|
28.48204 pence |
14,000 |
||||
|
d) |
Aggregated volume: Price: |
As above |
|||
|
e) |
Date of the Transaction: |
8 July 2022 |
|||
|
f) |
Place of the Transaction: |
London Stock Exchange |
|||