Caretech Holdings (CTH)

 

LSE:CTH: Director/PDMR Shareholding

Caretech Holdings

26 Jun 2017 07:00:06

CareTech Holdings

RNS Number : 0819J
CareTech Holdings PLC
26 June 2017
 

For immediate release

26 June 2017

 

 

 

CareTech Holdings PLC

("CareTech" or "the Company")

 

Director/PDMR Shareholding

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them

 

Westminster Holdings Limited ("Westminster"), a company wholly owned and controlled by the Westminster Trust (a discretionary trust of which the beneficiaries include Farouq Sheikh and Haroon Sheikh, the Company's Executive Chairman and Chief Executive Officer respectively) has sold, in aggregate, 1,500,000 Ordinary Shares of 0.5 pence each ("Ordinary Shares").

 

The transaction, which took place on market on 23 June 2017 at a price of 445 pence per share, was undertaken in response to continued strong levels of institutional demand.

 

The resultant interests of Mr F Sheikh and Mr H Sheikh and their PCAs in the issued share capital of the Company are set out below:

 


No. Ordinary Shares held before the transaction

No. Ordinary Shares held immediately following the transaction

% of issued share capital immediately following the transaction

Farouq Sheikh

638,919

638,919

0.8%

Haroon Sheikh

690,226

690,226

0.9%

Westminster Holdings Limited

11,263,519

 

9,763,519

12.9%

Cosaraf Pension Fund

170,000

170,000

0.1%

Total: Farouq Sheikh and Haroon Sheikh and their respective PCAs

12,762,664

11,262,664

14.9%

 

For further information please contact:

 

CareTech Holdings PLC                                               01707 601800

Farouq Sheikh, Executive Chairman

Michael Hill, Group Finance Director

 

Buchanan (PR Adviser)                                                020 7466 5000

Mark Court

Sophie Cowles

Stephanie Watson

 

Panmure Gordon (Nomad and Joint Broker)                020 7886 2500

Freddy Crossley

Charles Leigh-Pemberton

Peter Steel

 

WH Ireland (Joint Broker)                                             020 7220 1666

Adrian Hadden

Nick Prowting

 

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 ("PDMRs") and persons closely associated ("PCAs") with them.

 

 1

Details of the person discharging managerial responsibilities / person closely associated 

a)

Names 

 

Westminster Holdings Limited ("Westminster")

 

2

Reason for the notification

a)

Position/status

 

Westminster is a company wholly owned and controlled by the Westminster Trust (a discretionary trust of which the beneficiaries include Farouq Sheikh and Haroon Sheikh, Executive Chairman and Chief Executive Officer of the Company respectively). As Mr F Sheikh and Mr H Sheikh are both PDMRs, Westminster is classified as a PCA for the purposes of the EU Market Abuse Regulation.

b)

Initial notification /Amendment 

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor 

a)

Name

CareTech Holdings PLC

b)

LEI


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 0.5 pence each

b)

Identification code  

GB00B0KWHQ09

c)

Nature of the transactions  

 

Sale of Ordinary Shares

d)

 

Price(s) and volume(s)

Volume: 1,500,000

Price: 445 pence per share

d)

 

Aggregated information 

- Aggregated volume

- Price

 N/A

 

e)

 

Date of the transaction 

23 June 2017

f) 

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

Name of authorised official of issuer responsible for making notification:

Michael Hill

Company Secretary to CareTech Holdings PLC

 

 

                                               

 

                                               

 

                        

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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