Driver Group (DRV)

 

LSE:DRV: Directors Dealing

Driver Group

21 Feb 2017 07:00:11

Driver Group plc

RNS Number : 3754X
Driver Group plc
21 February 2017
 

Driver Group plc
("Driver Group" or the "Company")

Director dealing

Driver Group plc (AIM: DRV), the global professional services consultancy to construction and engineering industries, announces that certain directors of the Company irrevocably committed to participate in the placing announced on 17 February 2017 at the placing price of 40 pence per ordinary share. Further details of their participation are set out below.

Director

Number of Existing Ordinary Shares held

Number of Placing Shares being acquired

Total number of Ordinary Shares held following the Placing1

Percentage of Enlarged Share Capital1

Steve Norris

187,562

50,000

237,562

0.46%

Gordon Wilkinson

400,000

250,000

650,000

1.25%

Hugh Cawley

21,191

25,000

46,191

0.09%

Colin Davies

100,000

-

100,000

0.19%

John Horgan

-

50,000

50,000

0.10%

1 Assuming nil take-up by any Shareholders under the Open Offer

The notification at the end of this announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the Director's dealings.

 

Enquiries:


Driver Group plc

Gordon Wilkinson (CEO)

Hugh Cawley, (CFO)

 

+44 (0)20 7357 9600

+44 (0)20 7377 0005

 

N+1 Singer (Nominated Adviser & Broker)

Sandy Fraser

James White

Alex Laughton-Scott

+44 (0)20 7496 3000

 

 

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

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Gordon Wilkinson

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Executive Officer of Driver Group plc

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

Driver Group plc

b)

 

LEI

 

 

N/A

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

 

Identification code

 

 

Ordinary Shares of 0.4p each ("Ordinary Shares")

 

 

 

ISIN Code: GB00B0L9CO92

 

b)

 

Nature of the transaction

 

 

Irrevocable commitment to purchase Ordinary Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s):

 

Volume(s):

40 pence

250,000

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

17/02/2017

f)

 

Place of the transaction

 

 

N/A

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Steve Norris

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Chairman of Driver Group plc

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

Driver Group plc

b)

 

LEI

 

 

N/A

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

 

Identification code

 

 

Ordinary Shares of 0.4p each ("Ordinary Shares")

 

 

 

ISIN Code: GB00B0L9CO92

 

b)

 

Nature of the transaction

 

 

Irrevocable commitment to purchase Ordinary Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s):

 

Volume(s):

40 pence

50,000

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

17/02/2017

f)

 

Place of the transaction

 

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Hugh Cawley

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Chief Financial Officer of Driver Group plc

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

Driver Group plc

b)

 

LEI

 

 

n/a

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

 

Identification code

 

 

Ordinary Shares of 0.4p each ("Ordinary Shares")

 

 

 

ISIN Code: GB00B0L9CO92

 

b)

 

Nature of the transaction

 

 

Irrevocable commitment to purchase Ordinary Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s):

 

Volume(s):

40 pence

25,000

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

17/02/2017

f)

 

Place of the transaction

 

 

London Stock Exchange

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

John Horgan

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Non-Executive Director of Driver Group plc

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

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

 

a)

 

Name

 

 

Driver Group plc

b)

 

LEI

 

 

n/a

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

 

Identification code

 

 

Ordinary Shares of 0.4p each ("Ordinary Shares")

 

 

 

ISIN Code: GB00B0L9CO92

 

b)

 

Nature of the transaction

 

 

Irrevocable commitment to purchase Ordinary Shares

c)

 

Price(s) and volume(s)

 

 

 

Price(s):

 

Volume(s):

40 pence

50,000

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A

e)

 

Date of the transaction

 

 

17/02/2017

f)

 

Place of the transaction

 

 

London Stock Exchange

 



 


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