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On 13 July 2022, Victorian Plumbing Group plc announced that its Chairman, Philip Bowcock, and CFO, Paul Meehan, sold ordinary shares. Mr. Bowcock sold 135,000 shares and Mr. Meehan sold 75,000 shares, both at a price of £0.54 per share. These sales were made to satisfy tax and national insurance liabilities from restricted share awards released on 22 June 2022, leaving Mr. Bowcock with 1,444,718 shares (0.44%) and Mr. Meehan with 1,642,520 shares (0.51%).
| Date | 13 Jul 2022 |
| Time | 17:51:25 |
| Category | Director/PDMR dealings |
| ID | 4050S |
13 July 2022
Victorian Plumbing Group plc
(the "Company")
Director/PDMR Dealing
The Company was notified on 13 July 2022 by Philip Bowcock (Chairman) and Paul Meehan (CFO), that they had on that date sold 135,000 ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") at a price of £0.54 per share and 75,000 Ordinary Shares at a price of £0.54 per share respectively.
These Ordinary Shares were sold to enable Philip Bowcock and Paul Meehan to satisfy their respective tax and national insurance liabilities which arose on 22 June 2022 as a result of some of their shares being released from restrictions in accordance with their respective restricted share awards.
Following these transactions, Philip Bowcock holds 1,444,718 Ordinary Shares, representing approximately 0.44% of the Company's issued share capital and Paul Meehan holds 1,642,520 Ordinary Shares, representing approximately 0.51% of the Company's issued share capital.
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1. Details of the person discharging managerial responsibilities/person closely associated |
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a) Name |
Philip Bowcock |
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2. Reason for the notification |
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a) Position/status |
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 |
Victorian Plumbing Group plc |
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b) LEI |
894500R59II0S4WXGZ04 |
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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 |
Ordinary Shares of £0.001 each |
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b) Identification code |
ISIN: GB00BNVVHD43 |
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c) Nature of the transaction |
Sale of shares |
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d) Price(s) and volume(s) |
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e) Aggregated information: i. Aggregated volume ii. price |
£72,900 |
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f) Date of the transaction |
13 July 2022 |
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g) Place of the transaction |
London Stock Exchange, AIM |
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1. Details of the person discharging managerial responsibilities/person closely associated |
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a) Name |
Paul Meehan |
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2. Reason for the notification |
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a) Position/status |
CFO |
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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 |
Victorian Plumbing Group plc |
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b) LEI |
894500R59II0S4WXGZ04 |
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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 |
Ordinary Shares of £0.001 each |
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b) Identification code |
ISIN: GB00BNVVHD43 |
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c) Nature of the transaction |
Sale of shares |
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d) Price(s) and volume(s) |
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e) Aggregated information: i. Aggregated volume ii. price |
£40,500 |
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f) Date of the transaction |
13 July 2022 |
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g) Place of the transaction |
London Stock Exchange, AIM |
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For further information, please contact:
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Victorian Plumbing Group plc Mark Radcliffe, Chief Executive Officer Paul Meehan, Chief Financial Officer |
via FTI Consulting +44 20 3727 1000 |
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FTI Consulting (Financial PR) Alex Beagley Eleanor Purdon Sam Macpherson Amy Goldup
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+44 20 3727 1000 |
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Houlihan Lokey UK Limited (Nominated Adviser and Financial Adviser) Sam Fuller, Tim Richardson |
+44 20 7484 4040 |
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Barclays Bank PLC Nicola Tennent, Stuart Muress |
+44 20 7623 2323 |
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Numis Securities Limited Luke Bordewich, Tom Jacob, Oliver Steele |
+44 20 7260 1000 |