19 May 2022
Angling Direct plc
("Angling Direct" or the "Company")
Director / PDMR Shareholding
Angling Direct plc (AIM: ANG), the leading omni-channel specialist fishing tackle and equipment retailer, has been informed that on 19 May 2022, Andy Torrance, Chief Executive Officer, purchased a total of 25,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") at a price of 53 pence per Ordinary Share.
Following this transaction, Andy Torrance holds 50,000 Ordinary Shares representing approximately 0.065% of the Company's issued share capital.
The Notification of Dealing Form required in accordance with UK MAR is set out below.
For further information please contact:
| Angling Direct plc | +44 (0) 1603 258658 |
| Martyn Page, Non-Executive Chairman
| |
| Singer Capital Markets - NOMAD and Broker | +44 (0) 20 7496 3000 |
| Peter Steel, Alex Bond, James Fischer (Corporate Finance)
| |
| FTI Consulting - Financial PR | +44 (0) 20 3727 1000 |
| Alex Beagley | |
| | |
About Angling Direct
Angling Direct is the leading omni-channel specialist fishing tackle retailer in the UK. The Company sells fishing tackle products and related equipment through its network of retail stores, located strategically throughout the UK as well as through its leading digital platform ( www.anglingdirect.co.uk .de, .fr and .nl) and other third-party websites.
Angling Direct is committed to supporting its active customer base and widening access to the angling community through its passionate colleagues, store-based qualified coaches, social media reach and ADTV YouTube channel. The Company currently sells over 20,000 fishing tackle products, including capital items, consumables, luggage and clothing. Angling Direct also owns and sells fishing tackle products under its own brand 'Advanta', which was formally launched in March 2016.
From 1986 to 2002, the Company's founders acquired interests in a number of small independent fishing tackle shops in Norfolk and, in 2002, they acquired a significant premise in Norwich, which was branded Angling Direct. Since 2002, the Company has continued to acquire or open new stores, taking the total number up to 42 retail stores. In 2015, the Company opened a 2,800 sq. metres central distribution centre in Rackheath, Norfolk, where the Company's head office is also located. In January 2022 Angling Direct acquired an additional 3,900 sq. metres distribution centre in Venlo, Netherlands to service its established, and rapidly growing, presence in Europe with native language websites set up in key regions to address demand.
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 | Andy Torrance | |
| 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 | Angling Direct plc | |
| b) | LEI | 213800WAVVOPS85N2205 | |
| 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 1 pence each
GB00BF1XGQ00 | |
| b) | Nature of the transaction | Purchase of Ordinary Shares | |
| c)
| Price(s) and volume(s)
| Price | Volume |
| 53 pence | 25,000 Ordinary Shares | ||
| d)
| Aggregated information
- Aggregated volume
- Price
| N/A - single transaction | |
| e) | Date of the transaction | 19 May 2022 | |
| f) | Place of the transaction | London Stock Exchange | |
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