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Josh Egan, CFO of Marks Electrical Group plc, transferred 40,000 ordinary shares at 70 pence each into his ISA and SIPP on April 24, 2024. The transfer involved a sale and immediate repurchase, leaving Egan's beneficial interest unchanged at 142,000 shares.
| Date | 25 Apr 2024 |
| Time | 07:00:13 |
| Category | Director/PDMR dealings |
| ID | 9421L |
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25 April 2024 |
Marks Electrical Group plc
Director/PDMR Shareholdings
Notification of transactions by persons discharging managerial responsibilities ("PDMR")
Marks Electrical Group plc ("Marks Electrical", "the Company" or "the Group"), a fast-growing online electrical retailer, today announces that Josh Egan, Chief Financial Officer of the Group, transferred 40,000 ordinary shares of 1 pence each in the Company ("Ordinary Share") from his personal holdings into his Individual Savings Account ("ISA") and his Self-Invested Personal Pension ("SIPP") at a price of 70 pence per Ordinary Share (the "Transfer"). The Transfer was effected by the sale and immediate repurchase of the Ordinary Shares. Following the Transfer, Josh Egan's beneficial interest in the Company remains unchanged at an aggregate of 142,000* Ordinary Shares.
* 2,000 ordinary shares are held by Mariam Egan.
The Notification of Dealing Form is set out below.
The following transaction has been notified to the Company pursuant to Article 19.1(a) of the UK Market Abuse Regulation ("MAR"). This notification is issued in accordance with Article 19.3 of MAR.
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1 |
Details of the person discharging managerial responsibilities / person closely associated ("PCA") |
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a) |
Name |
Josh Egan |
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2 |
Reason for the notification |
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a) |
Position/status |
PDMR (Chief Financial Officer) |
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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 |
Marks Electrical Group plc |
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b) |
LEI |
2138007KN8TKPIXIQE92 |
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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 |
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a) |
Description of the financial instrument |
Ordinary shares of 1 pence each |
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b) |
Identification code of the Financial Instrument |
ISIN: GB00BM8Q5G47 |
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c) |
Nature of the transaction |
Transfer of Ordinary Shares into ISA and SIPP
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d) |
Price(s) and volume(s) |
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e) |
Aggregated information: volume, Price |
Single Transaction |
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f) |
Date of the transaction |
24 April 2024 |
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g) |
Place of the transaction |
London Stock Exchange |
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Enquiries:
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Marks Electrical Group plc Mark Smithson, CEO Josh Egan, CFO |
Via Dentons Global Advisors
Tel: +44 (0) 20 7664 5095 |
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Dentons Global Advisors (Financial PR) Jonathon Brill / James Styles / Fern Duncan |
Tel: +44 (0) 20 7664 5095 |
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Canaccord Genuity (NOMAD and Broker) Max Hartley / George Grainger |
Tel: +44 (0) 207 523 8000 |
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