9 September 2022
LAMPRELL PLC
("Lamprell"/ the "Company" and together with its subsidiaries the "Group")
Issue of Equity, Director/PDMR Shareholdings and Total Voting Rights
Issue of Equity
Further to the Listing Application announcement on 5 September 2022, Lamprell has allotted and issued 10,621,178 ordinary shares of 5 pence each in the capital of the Company ("New Ordinary Shares") which have been admitted to the Official List and to trading on the London Stock Exchange ("Admission"). The New Ordinary Shares have been used to satisfy awards which have vested under the Company's Performance Share Plan and Retention Share Plan ("Share Plans") in connection with the cash offer from Thunderball Investments Limited (a newly formed company owned by Blofeld Investment Management Limited and AlGihaz Holding Closed Joint-Stock Company). The New Ordinary Shares will rank pari passu with the Company's existing ordinary shares, (together "Shares").
Director/PDMR Shareholdings
Following the new share issuance, vested Shares have been transferred to each PDMR as follows:
| Name of Director/ PDMR | No. of Shares which have vested | Total Share holding following this notification | Total percentage holding following this notification | No. of Shares over which rights have been granted and are outstanding under the Share Plans |
| Christopher McDonald | 1,562,919 | 2,505,004 | 0.6% | Nil |
| Tony Wright | 732,339 | 911,980 | 0.2% | Nil |
| Alex Ridout | 532,774 | 827,882 | 0.2% | Nil |
| Peter Ireton | 665,754 | 1,131,745 | 0.3% | Nil |
Total Voting Rights
Following the issue and allotment of the New Ordinary Shares, the Company has 423,438,814 Ordinary Shares in issue. The Company holds no Ordinary Shares in treasury, and therefore the total number of voting rights in the Company is 423,438,814. This figure may 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 information set out below is provided in accordance with the requirements of the UK Market Abuse Regulation.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Christopher McDonald
Tony Wright
Alex Ridout
Peter Ireton
| ||||
| 2. | Reason for the notification
| |||||
| a) | Position/status | Chief Executive Officer
Chief Financial Officer
Company Secretary
Vice President - Business Development
| ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Lamprell plc | ||||
| b) | LEI | 2138008NUMXRMIEDF538 | ||||
| 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 |
| ||||
| b) | Nature of the transaction | Receipt of Ordinary Shares under the Company's Performance Share Plan and Retention Share Plan | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information
| Not applicable, single transactions | ||||
| e) | Date of the transaction | 8 September 2022 | ||||
| f) | Place of the transaction | London | ||||
For further information, please contact:
Lamprell plc
Maria Babkina, Investor Relations: +44 (0) 7852 618 046
Investec Bank plc
Chris Sim / Henry Reast / Ben Farrow +44 (0) 20 7597 5970
Tulchan Communications, London +44 (0) 207 353 4200
Martin Robinson / Martin Pengelley / Guy Bates
Investec Bank plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting exclusively for Lamprell and no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Lamprell for providing the protections afforded to clients of Investec Bank plc or for providing advice in relation to the subject matter of this announcement, the contents of this announcement and any other matters referred to in this announcement.
Important notice
This announcement is not intended to, and does not, constitute, represent or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, whether pursuant to this announcement or otherwise. Any offer, if made, will be made solely by certain offer documentation which will contain the full terms and conditions of any offer, including details of how it may be accepted.
This announcement has been prepared in accordance with English law and the Code, and information disclosed may not be the same as that which would have been prepared in accordance with laws outside of the United Kingdom.
The release, publication or distribution of this announcement in, into or from jurisdictions other than the United Kingdom and the availability of any offer, if made, to shareholders of the Company who are not resident in the United Kingdom may be affected by the laws of those jurisdictions. Therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom or shareholders of the Company who are not resident in the United Kingdom should inform themselves about, and observe any applicable requirements. Any failure to comply with such requirements may constitute a violation of the securities law of any such jurisdiction.
The person responsible for the release of this announcement on behalf of Lamprell is Alex Ridout, General Counsel and Company Secretary.
Notes to editors
Lamprell is a leading provider of services to the international energy sector. Driving strategy and growth through its Renewables, Oil & Gas and Digital business units, underpinned by almost half a century of expertise, the Group has worked hard to establish its reputation for delivering projects safely, on time and to budget.
The Group has firmly established its international credentials in the renewables sector as well as continuing to build on its traditional oil and gas credentials. We are recognised for building complex offshore and onshore process modules and platforms, fabricating and refurbishing jack-up rigs and liftboats.
Lamprell employs more than 4,000 people across multiple facilities, with its primary facilities located in Hamriyah, in the UAE. Combined, the Group's facilities cover approximately 800,000m2 with over 1.5 km of quayside. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement). Lamprell is listed on the London Stock Exchange (symbol "LAM").
Legal Entity Identifier of the Company: 2138008NUMXRMIEDF538
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