t
| Date | 9 Feb 2022 |
| Time | 07:00:07 |
| Category | Director/PDMR dealings |
| ID | 0752B |
Van Elle Holdings plc
("Van Elle", the "Company" or the "Group")
PDMR Share Purchase
Van Elle Holdings plc (AIM:VANL) announces that it has been notified that Mr Mark Cutler, Chief Executive Officer, has purchased 150,000 ordinary shares of 2 pence each in the Company ("Ordinary Shares") each at a price of 42.0 pence per share. Following this purchase, Mr Cutler is interested in 752,767 Ordinary Shares, representing approximately 0.71% of the Company's voting share capital.
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a. |
Name |
Mr Mark Cutler |
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2. |
Reason for the notification |
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a. |
Position/status |
Chief Executive 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 |
Van Elle Holdings plc |
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b. |
LEI |
213800LQC6YL8KJT1Y18 |
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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, type of instrument Identification code |
Ordinary shares of 2p each
ISIN: GB00BYX4TP46 |
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b. |
Nature of the transaction |
Purchase of ordinary shares |
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c. |
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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42.0p
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150,000
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d. |
Aggregated information - Aggregated volume - Price
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N/A
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e. |
Date of the transaction |
8 February 2022 |
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f. |
Place of the transaction |
London Stock Exchange, AIM |
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Enquiries:
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Van Elle Holdings plc |
Via Walbrook |
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Mark Cutler, Chief Executive Officer |
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Graeme Campbell, Chief Financial Officer |
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Peel Hunt LLP (Nominated Adviser and corporate broker) |
Tel: 020 7418 8900 |
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Mike Bell/Ed Allsopp |
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Walbrook PR Limited |
Tel: 020 7933 8780 or [email protected] |
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Tom Cooper/Nick Rome/Nicholas Johnson |
07971 221 972 or 07748 325 236 or 07884 664 686 |
About Van Elle Holdings plc:
Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. The Company provides a range of ground engineering techniques and services including - ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.
Van Elle operates through three divisions: General Piling, Specialist Piling and Ground Engineering; and is focused on three end markets: residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 35 years.
General Piling provides a range of larger piling and ground engineering solutions for open-site construction projects. Specialist Piling provides a range of geotechnical solutions in operationally constrained environments including on-track rail applications. Ground Engineering services offers a range of ground investigation and geotechnical services and modular foundation solutions such as Smartfoot®. Van Elle has a market-leading reputation and the UK's largest rig fleet of 120 rigs.
Having floated on AIM in 2016 it now has a strong national presence, diversified offering and market-leading brand name.