6 April 2023
Ramsdens Holdings PLC
("Ramsdens" or the "Company")
Exercise of Options, Director/PDMR Shareholding and Total Voting Rights
Ramsdens, the diversified financial services provider and retailer, announces an exercise of employee options, including by Peter Kenyon, Chief Executive Officer and Martin Clyburn, Chief Financial Officer of the Company, and certain persons discharging managerial responsibilities ("PDMRs").
The original grant of options took place on 16 July 2019 pursuant to the Company's 2019 Long Term Incentive Plan (the "Options"), over a total of 225,000 ordinary shares in the capital of the Company (the "Ordinary Shares"). The LTIP Awards were subject to the achievement of performance targets with 50% of any award based on Earnings per Share growth and 50% of any award based on the delivery of Total Shareholder Return.
The vesting of these Options took place on 4 April 2023, however as not all the performance targets were fully met, only 73,425 Ordinary Shares of a maximum of 225,000 vested.
Peter Kenyon, CEO, has exercised his Option over 16,500 Ordinary Shares and Martin Clyburn, CFO, has exercised his Option over 8,250 Ordinary Shares, with other beneficiaries exercising their Options over a total of 47,025 Ordinary Shares.
Following the Option exercise, Peter Kenyon, Martin Clyburn and the other two PDMRs subsequently sold a total of 37,950 new Ordinary Shares. The number of Options exercised and Ordinary Shares subsequently sold, at an average price of £2.24 per Ordinary Share, by Peter Kenyon, Martin Clyburn and the PDMRs, together with their resultant total beneficial holdings of Ordinary Shares, is set out below.
| Director / PDMR Role | LTIP Options Exercised | Number of shares Sold | Resultant Shareholding |
| Peter Kenyon, Chief Executive Officer | 16,500 | 16,500 | 1,152,507 |
| Martin Clyburn, Chief Financial Officer | 8,250 | 8,250 | 209,375 |
| Michael Johnson, Operations Director of trading subsidiary | 8,250 | 8,250 | 538,840 |
| Jason Carr, IT Director of trading subsidiary | 4,950 | 4,950 | 126,250 |
Application has been made to the London Stock Exchange for the 71,775 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 14 April 2023.
In accordance with the FCA's Disclosure Guidance and Transparency Rule 5.6.1, the Company confirms that, following Admission, its issued share capital will consist of 31,714,982 Ordinary Shares. The Company does not currently hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 31,714,982.
The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information please contact:
Enquiries:
Enquiries:
Ramsdens Holdings PLC Tel: +44 (0) 1642 579957
Peter Kenyon, CEO
Martin Clyburn, CFO
Liberum Capital Limited (Nominated Adviser) Tel: +44 (0) 20 3100 2000
Richard Crawley
Lauren Kettle
Hudson Sandler (Financial PR) Tel: +44 (0) 20 7796 4133
Alex Brennan
Emily Brooker
DEALING NOTIFICATION FORM FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
| 1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name: Peter Kenyon | ||||
| 2. | Reason for the notification
| ||||
| a) | Position/status: CEO | ||||
| b) | Initial notification/Amendment: Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
| ||||
| a) | Name: Ramsdens Holdings PLC | ||||
| b) | LEI: 2138009OAUOROKMFPK95 | ||||
| 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
| ||||
| a) | Description of the financial instrument, type of instrument: Ordinary shares of 1p each.
Identification code: GB00BDR6V192
| ||||
| b) | Nature of the transaction: Exercise of options
| ||||
| c) |
| ||||
| d) | Aggregated information: Aggregated volume: 16,500 Aggregated average price: 1p | ||||
| e) | Date of the transaction: 5 April 2023 | ||||
| f) | Place of the transaction: Outside a trading venue
|
| 1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name: Peter Kenyon | ||||
| 2. | Reason for the notification
| ||||
| a) | Position/status: CEO | ||||
| b) | Initial notification/Amendment: Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
| ||||
| a) | Name: Ramsdens Holdings PLC | ||||
| b) | LEI: 2138009OAUOROKMFPK95 | ||||
| 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
| ||||
| a) | Description of the financial instrument, type of instrument: Ordinary shares of 1p each.
Identification code: GB00BDR6V192
| ||||
| b) | Nature of the transaction: Sale of Ordinary Shares
| ||||
| c) |
| ||||
| d) | Aggregated information: Aggregated volume: 16,500 Aggregated average price: 223.8777p | ||||
| e) | Date of the transaction: 5 April 2023 | ||||
| f) | Place of the transaction: London Stock Exchange
|
| 1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name: Martin Clyburn | ||||
| 2. | Reason for the notification
| ||||
| a) | Position/status: CFO | ||||
| b) | Initial notification/Amendment: Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
| ||||
| a) | Name: Ramsdens Holdings PLC | ||||
| b) | LEI: 2138009OAUOROKMFPK95 | ||||
| 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
| ||||
| a) | Description of the financial instrument, type of instrument: Ordinary shares of 1p each.
Identification code: GB00BDR6V192
| ||||
| b) | Nature of the transaction: Exercise of options
| ||||
| c) |
| ||||
| d) | Aggregated information: Aggregated volume: 8,250 Aggregated average price: 1p | ||||
| e) | Date of the transaction: 5 April 2023 | ||||
| f) | Place of the transaction: Outside a trading venue
|
| 1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name: Martin Clyburn | ||||
| 2. | Reason for the notification
| ||||
| a) | Position/status: CFO | ||||
| b) | Initial notification/Amendment: Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
| ||||
| a) | Name: Ramsdens Holdings PLC | ||||
| b) | LEI: 2138009OAUOROKMFPK95 | ||||
| 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
| ||||
| a) | Description of the financial instrument, type of instrument: Ordinary shares of 1p each.
Identification code: GB00BDR6V192
| ||||
| b) | Nature of the transaction: Sale of Ordinary Shares
| ||||
| c) |
| ||||
| d) | Aggregated information: Aggregated volume: 8,250 Aggregated average price: 223.8777p | ||||
| e) | Date of the transaction: 5 April 2023 | ||||
| f) | Place of the transaction: London Stock Exchange
|
| 1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name: Michael Johnson | ||||
| 2. | Reason for the notification
| ||||
| a) | Position/status: Operations Director of trading subsidiary | ||||
| b) | Initial notification/Amendment: Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
| ||||
| a) | Name: Ramsdens Holdings PLC | ||||
| b) | LEI: 2138009OAUOROKMFPK95 | ||||
| 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
| ||||
| a) | Description of the financial instrument, type of instrument: Ordinary shares of 1p each.
Identification code: GB00BDR6V192
| ||||
| b) | Nature of the transaction: Exercise of options
| ||||
| c) |
| ||||
| d) | Aggregated information: Aggregated volume: 8,250 Aggregated average price: 1p | ||||
| e) | Date of the transaction: 5 April 2023 | ||||
| f) | Place of the transaction: Outside a trading venue
|
| 1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name: Michael Johnson | ||||
| 2. | Reason for the notification
| ||||
| a) | Position/status: Operations Director of trading subsidiary | ||||
| b) | Initial notification/Amendment: Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
| ||||
| a) | Name: Ramsdens Holdings PLC | ||||
| b) | LEI: 2138009OAUOROKMFPK95 | ||||
| 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
| ||||
| a) | Description of the financial instrument, type of instrument: Ordinary shares of 1p each.
Identification code: GB00BDR6V192
| ||||
| b) | Nature of the transaction: Sale of Ordinary Shares
| ||||
| c) |
| ||||
| d) | Aggregated information: Aggregated volume: 8,250 Aggregated average price: 223.8777p | ||||
| e) | Date of the transaction: 5 April 2023 | ||||
| f) | Place of the transaction: London Stock Exchange
|
| 1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name: Jason Carr | ||||
| 2. | Reason for the notification
| ||||
| a) | Position/status: IT Director of trading subsidiary | ||||
| b) | Initial notification/Amendment: Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
| ||||
| a) | Name: Ramsdens Holdings PLC | ||||
| b) | LEI: 2138009OAUOROKMFPK95 | ||||
| 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
| ||||
| a) | Description of the financial instrument, type of instrument: Ordinary shares of 1p each.
Identification code: GB00BDR6V192
| ||||
| b) | Nature of the transaction: Exercise of options
| ||||
| c) |
| ||||
| d) | Aggregated information: Aggregated volume: 4,950 Aggregated average price: 1p | ||||
| e) | Date of the transaction: 5 April 2023 | ||||
| f) | Place of the transaction: Outside a trading venue
|
| 1.
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name: Jason Carr | ||||
| 2. | Reason for the notification
| ||||
| a) | Position/status: IT Director of trading subsidiary | ||||
| b) | Initial notification/Amendment: Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer, or auction monitor
| ||||
| a) | Name: Ramsdens Holdings PLC | ||||
| b) | LEI: 2138009OAUOROKMFPK95 | ||||
| 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
| ||||
| a) | Description of the financial instrument, type of instrument: Ordinary shares of 1p each.
Identification code: GB00BDR6V192
| ||||
| b) | Nature of the transaction: Sale of Ordinary Shares
| ||||
| c) |
| ||||
| d) | Aggregated information: Aggregated volume: 4,950 Aggregated average price: 223.8777p | ||||
| e) | Date of the transaction: 5 April 2023 | ||||
| f) | Place of the transaction: London Stock Exchange
|
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