Exercise of Options and PDMR Shareholdings

 

Portmeirion Group PLC

(the "Company" and the "Group")

 

Exercise of Options and PDMR Shareholdings

 

The Portmeirion Group 2010 Deferred Incentive Share Option Plan (the "Deferred Plan") Exercises

 

The Company announces that, on 18 May 2017, the following Executive Directors exercised options which were granted on 15 April 2014 pursuant to the Deferred Plan to subscribe for and retain a total of 1,225 ordinary shares of 5 pence each in the Company ("Ordinary Shares") as detailed below:

 

	Number of options exercised	Total exercise price	Total number of Ordinary Shares held following Admission	% of Company's issued share capital following Admission
Philip Atherton	392	£1	392	>0.01
Lawrence Bryan	833	£1	143,667	1.33

 

In addition, a recent former employee of the Company exercised 509 options granted on 15 April 2014 under the Deferred Plan. Accordingly, the Company has transferred 1,734 Ordinary Shares from shares held in treasury by the Company in respect of the above exercises.

 

Application has been made for 1,734 Ordinary Shares to be admitted to trading on AIM ("Admission") and trading of these Ordinary Shares is expected to commence on or around 24 May 2017.

 

Following Admission, the total number of Ordinary Shares held by the Company in treasury is 237,743, and the Company will have 11,005,033 Ordinary Shares in issue and 10,767,290 Ordinary Shares with voting rights. The figure of 10,767,290 Ordinary Shares may be used by shareholders of Portmeirion Group PLC as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

_____________________________________________

 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.

 

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Lawrence Bryan - Chief Executive Philip Atherton - Group Sales & Marketing Director
2.	Reason for the notification
a)	Position/status	See 1(a) above for all positions - all classified as PDMRs of the Company
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Portmeirion Group PLC
b)	LEI	2138003QC9J6TLZJHO70
3.	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
a)	Description of the financial instrument	Ordinary Shares of 5 pence each
b)	Identification code	GB0006957293
c)	Nature of the transactions	Exercise of options over Ordinary Shares
d)	Price(s) and volume(s)	Exercise price of £1 per all 392 Deferred Plan options over Ordinary Shares exercised by Philip Atherton.   Exercise price of £1 per all 833 Deferred Plan options over Ordinary Shares exercised by Lawrence Bryan.
e)	Aggregated information -     Aggregated volume -     Price	£1 £1
f)	Date of the transactions	18 May 2017
f)	Place of the transactions	Outside a trading venue

 

Name of authorised official of issuer responsible for making notification:

 

Moira MacDonald

Company Secretary to Portmeirion Group PLC

 

ENQUIRIES:

 

Portmeirion Group PLC:
Dick Steele	+44 (0) 1782 744 721	[email protected]
Non-executive Chairman Mike Raybould	+44 (0) 1782 744 721	[email protected]
Group Finance Director
Bell Pottinger:
Dan de Belder/Saskia Lumley	+44 (0) 203 772 2561	[email protected]
Panmure Gordon (Nominated Adviser and Broker):	+44 (0) 207 886 2500
Freddy Crossley/ Duncan Monteith	Corporate Finance
Tom Salvesen	Corporate Broking

 

Cantor Fitzgerald Europe (Joint Broker):	+44 (0) 207 894 7000
Catherine Leftley /Marc Milmo	Corporate Finance
David Banks	Sales