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Company Announcements

Director/PDMR Shareholdings 22 July 2020

03rd August 2020

RNS Number : 7932T
Dart Group PLC
22 July 2020
 

22 July 2020

 

Dart Group PLC

(the "Company")

 

Director/PDMR Shareholdings

 

Dart Group PLC, the Leisure Travel group, announces that on 20 July 2020, Steve Heapy, Chief Executive Officer and Gary Brown, Chief Financial Officer subscribed for 25,610 and 24,024 ordinary shares of 1.25p each in the Company ("Ordinary Shares") at 1.25p per Ordinary Share, respectively, pursuant to the vesting of a deferred award granted under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2017.

 

In order to fund only the income tax, National Insurance liabilities and administrative fees arising on vesting, Stephen Heapy and Gary Brown subsequently sold 11,961 and 11,220 Ordinary Shares and retained the balance of 13,649 and 12,804 Ordinary Shares, respectively.

 

Following these transactions, Mr Heapy beneficially holds a total of 249,111 Ordinary Shares, representing approximately 0.14% of the Company's issued share capital, and Mr Brown beneficially holds a total of 79,176 Ordinary Shares, representing approximately 0.04% of the Company's issued share capital.

 

The notifications below, made in accordance with the requirements of the Market Abuse Regulation (596/2014), provide further details.

 

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

Stephen Heapy

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Dart Group PLC

b)

LEI

I72RQ3PNLDPW8R7JIJ56

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 1.25p each


Identification code

GB00B1722W11

b)

Nature of the transaction

Subscription for shares pursuant to the vesting of a deferred award granted under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2017.

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£0.0125

25,610

d)

Aggregated information

N/A single transaction


Aggregated volume

N/A single transaction


Price

N/A single transaction

e)

Date of the transaction

20 July 2020

f)

Place of the transaction

AIMX

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Stephen Heapy

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Dart Group PLC

b)

LEI

I72RQ3PNLDPW8R7JIJ56

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 1.25p each


Identification code

GB00B1722W11

b)

Nature of the transaction

Sale of Ordinary Shares received pursuant to the vesting of a deferred award under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan to fund only the income tax and National Insurance liabilities and administrative fees arising on vesting. The balance of 13,649 Ordinary Shares has been retained.

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£7.2099

11,961

d)

Aggregated information

N/A single transaction


Aggregated volume

N/A single transaction


Price

N/A single transaction

e)

Date of the transaction

22 July 2020

f)

Place of the transaction

AIMX

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gary Brown

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Dart Group PLC

b)

LEI

I72RQ3PNLDPW8R7JIJ56

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 1.25p each


Identification code

GB00B1722W11

b)

Nature of the transaction

Subscription for shares pursuant to the vesting of a deferred award granted under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan representing the deferred element of the bonus earned for the financial year ended 31 March 2017.

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£0.0125

24,024

d)

Aggregated information

N/A single transaction


Aggregated volume

N/A single transaction


Price

N/A single transaction

e)

Date of the transaction

20 July 2020

f)

Place of the transaction

AIMX

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gary Brown

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial Notification

3

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

a)

Name

Dart Group PLC

b)

LEI

I72RQ3PNLDPW8R7JIJ56

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 1.25p each


Identification code

GB00B1722W11

b)

Nature of the transaction

Sale of Ordinary Shares received pursuant to the vesting of a deferred award under the Dart Group PLC Senior Executive Incentive (Deferred Award) Plan to fund only the income tax and National Insurance liabilities and administrative fees arising on vesting. The balance of 12,804 Ordinary Shares has been retained.

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£7.2099

11,220

d)

Aggregated information

N/A single transaction


Aggregated volume

N/A single transaction


Price

N/A single transaction

e)

Date of the transaction

22 July 2020

f)

Place of the transaction

AIMX

 

 

For further information please contact:

 

Dart Group PLC

Philip Meeson, Executive Chairman

Ian Day, Group Company Secretary

 

0113 239 7817

 

Cenkos Securities plc

Nominated Adviser

Katy Birkin / Russell Cook

 

020 7397 8900







 

 

 


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August 03, 2020 at 15:10

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