4 April 2022
For immediate release
Anexo Group plc
('Anexo' or the 'Group')
Issue of shares pursuant to Anexo's Management Incentive Plan ("MIP")
Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, announces the issue and allotment of, in aggregate, 1,990,294 ordinary shares of 0.05 pence in the capital of Anexo ('MIP Shares') to selected employees including the following persons discharged with managerial responsibilities ('PDMRs'), Mark Bringloe and Dawn O'Brien, (together the 'MIP Participants') giving effect to the MIP terms as originally agreed at the time of the Company's initial public offering ('IPO').
On 31 March 2022, pursuant to the terms of the MIP, each of the MIP Participants elected to receive their respective award in two tranches ('Tranche 1' and 'Tranche 2') with each tranche representing 50% of the MIP award. Both Tranche 1 and Tranche 2 were settled in accordance with the terms of the MIP, by the issue and allotment to each MIP Participant of the number of MIP Shares set out in the table below, in full satisfaction of the award.
Pursuant to the terms of the MIP, each of the MIP Participants will be restricted from disposing of 50% of the MIP Shares issued pursuant to each of Tranche 1 and Tranche 2 to such MIP Participant for the period of one year from each respective date of issue.
|
| MIP Shares Issued | Total MIP Shares Issued | Percentage of enlarged issued share capital | |
| MIP Participant | Tranche 1 | Tranche 2 | ||
| Mark Bringloe | 242,718 | 242,718 | 485,436 | 0.411% |
| Dawn O'Brien | 242,718 | 242,718 | 485,436 | 0.411% |
| Other individuals | 509,711 | 509,711 | 1,019,422 | 0.864% |
| TOTAL: | 995,147 | 995,147 | 1,990,294 | 1.686% |
Admission and Total Voting Rights
Application has been made for the 1,990,294 new MIP Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission and dealings in those shares will commence at 8.00 a.m. on 6 April 2022.
The Company advises that, immediately following Admission, there will be 117,990,294 Ordinary Shares in issue, with one voting right each. Accordingly, this number should be used by shareholders as the denominator for the calculations 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.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, provides further detail.
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 | Mark Bringloe | ||||
| 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 | Anexo Group plc
| ||||
| b) | LEI | 213800CJHD5C8M4MEY87
| ||||
| 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 0.05p each
ISIN: GB00BF2G3L29
| ||||
| b) | Nature of the transaction | Grant of new ordinary shares pursuant to the terms of a Management Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
Volume: 485,436 Weighted average price: 103p | ||||
| e) | Date of the transaction | 31 March 2022 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Dawn O'Brien | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Anexo Group plc
| ||||
| b) | LEI | 213800CJHD5C8M4MEY87
| ||||
| 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 0.05p each
ISIN: GB00BF2G3L29
| ||||
| b) | Nature of the transaction | Grant of new ordinary shares pursuant to the terms of a Management Incentive Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
Volume: 485,436 Weighted average price: 103p | ||||
| e) | Date of the transaction | 31 March 2022 | ||||
| f) | Place of the transaction | London Stock Exchange, AIM | ||||
-Ends-
For further enquiries:
| Anexo Group plc | +44 (0) 151 227 3008 www.anexo-group.com |
| Alan Sellers, Executive Chairman Mark Bringloe, Chief Financial Officer Nick Dashwood Brown, Head of Investor Relations
|
|
| Arden Partners plc (Nominated Adviser and Joint Broker)
| +44 (0) 20 7614 5900 www.arden-partners.co.uk |
| John Llewellyn-Lloyd/Louisa Waddell/Alexandra Campbell-Harris (Corporate Finance) Tim Dainton (Equity Sales)
|
|
| Panmure Gordon (Joint Broker)
| +44 (0)20 7 886 2500 www.panmure.com |
| Ed Walsh/Dominic Morley |
|
Notes to Editors:
Anexo is a specialist integrated credit hire and legal services provider. The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm. The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.
Through its dedicated Credit Hire sales team and network of 1,100 plus active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services. The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.
The Group was admitted to trading on AIM in June 2018 with the ticker ANX.
For additional information please visit: www.anexo-group.com
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