Cording appoints director of investment in London
Director/PDMR Shareholding
For immediate release
Hastings Group Holdings plc (the "Company")
Replacement Notification of Transactions by Directors/Person Discharging Managerial Responsibility ("PDMR")
18 November 2015
The following amendments have been made to the 'Notification of Transactions by Directors/Person Discharging Managerial Responsibility ("PDMR")' announcement released on 17 November 2015 at 15.59 under RNS No 0558G.
1. Over-allotment
|
Name |
Title |
Entity holding legal ownership of shares |
Number of shares disposed |
Percentage of issued class disposed |
Number of shares held following disposal |
Percentage of shareholding following disposal |
|
Gary Hoffman |
Chief Executive Officer |
Hastings Nominees G Limited |
5,945 |
<0.1% |
2,771,785 |
0.4% |
|
Tobias van der Meer |
MD, Retail |
Hastings Nominees G Limited |
2,932 |
<0.1% |
1,367,006 |
0.2% |
|
Michael Lee |
MD, Insurer Services |
Hastings Nominees G Limited |
2,345 |
<0.1% |
1,093,602 |
0.1% |
|
Pierre Lefèvre |
Director |
Hastings Nominees G Limited |
176 |
<0.1% |
82,169 |
<0.1% |
|
Richard Brewster |
Director |
Hastings Nominees F Limited |
41,041 |
<0.1% |
19,133,222 |
2.9% |
2. Unwind of nominee holding structure
|
Name |
Title |
Entity holding legal ownership of shares |
Number of shares transferred |
Percentage of direct holdings following transfer |
|
Gary Hoffman |
Chief Executive Officer |
Hastings Nominees G Limited |
2,771,785 |
0.4% |
|
Tobias van der Meer |
MD, Retail |
Hastings Nominees G Limited |
1,367,006 |
0.2% |
|
Michael Lee |
MD, Insurer Services |
Hastings Nominees G Limited |
1,093,602 |
0.1% |
|
Pierre Lefèvre |
Director |
Hastings Nominees G Limited |
82,169 |
<0.1% |
|
Richard Brewster |
Director |
Hastings Nominees F Limited |
19,133,222 |
2.9% |
|
Anthony Leppard |
Group Company Secretary |
Hastings Nominees G Limited |
1,017,530 |
0.1% |
All other details remain unchanged.
The full amended text is shown below.
1. Over-allotment
On 11 November 2015, Credit Suisse Securities (Europe) Limited, as stabilising manager, exercised the over-allotment option granted by Hastings Investco Limited and certain other individual shareholders in respect of 974,794 ordinary shares in the Company (the "Over-allotment Shares") (the "Over-allotment"). The Over-allotment Shares were sold at the offer price of 170 pence per Over-allotment Share. Settlement of the Over-allotment took place on 16 November 2015.
Pursuant to the Over-allotment, the following PDMRs disposed of their beneficial interest in ordinary shares in the Company held by nominee entities at the offer price of 170 pence per share, as follows:
|
Name |
Title |
Entity holding legal ownership of shares |
Number of shares disposed |
Percentage of issued class disposed |
Number of shares held following disposal |
Percentage of shareholding following disposal |
|
Gary Hoffman |
Chief Executive Officer |
Hastings Nominees G Limited |
5,945 |
<0.1% |
2,771,785 |
0.4% |
|
Tobias van der Meer |
MD, Retail |
Hastings Nominees G Limited |
2,932 |
<0.1% |
1,367,006 |
0.2% |
|
Michael Lee |
MD, Insurer Services |
Hastings Nominees G Limited |
2,345 |
<0.1% |
1,093,602 |
0.1% |
|
Pierre Lefèvre |
Director |
Hastings Nominees G Limited |
176 |
<0.1% |
82,169 |
<0.1% |
|
Richard Brewster |
Director |
Hastings Nominees F Limited |
41,041 |
<0.1% |
19,133,222 |
2.9% |
2. Unwind of nominee holding structure
On 17 November 2015, the Company issued a notice to each of Hastings Nominees F Limited and Hastings Nominees G Limited to transfer the legal title to the ordinary shares in the Company held by each such entity to the relevant beneficial owners of those shares (the "Nominee Structures Unwind").
Pursuant to the Nominee Structures Unwind, on 17 November 2015, the legal title to the ordinary shares in the Company that the following PDMRs had a beneficial interest in were transferred to them for nil-consideration as follows:
|
Name |
Title |
Entity holding legal ownership of shares |
Number of shares transferred |
Percentage of direct holdings following transfer |
|
Gary Hoffman |
Chief Executive Officer |
Hastings Nominees G Limited |
2,771,785 |
0.4% |
|
Tobias van der Meer |
MD, Retail |
Hastings Nominees G Limited |
1,367,006 |
0.2% |
|
Michael Lee |
MD, Insurer Services |
Hastings Nominees G Limited |
1,093,602 |
0.1% |
|
Pierre Lefèvre |
Director |
Hastings Nominees G Limited |
82,169 |
<0.1% |
|
Richard Brewster |
Director |
Hastings Nominees F Limited |
19,133,222 |
2.9% |
|
Anthony Leppard |
Group Company Secretary |
Hastings Nominees G Limited |
1,017,530 |
0.1% |
The above information is disclosed pursuant to Disclosure and Transparency Rule 3.1.4R(1).
Enquiries
Hastings Group +44 (0) 1424 738 220
Tony Leppard, Company Secretary
Paul Pavey, Director of Investor Relations
Instinctif Partners +44 (0) 207 457 2020
Mike Davies
Nick Woods
This information is provided by RNS