26 September 2022
Portmeirion Group PLC
(the "Company" and the "Group")
Exercise of Options, Transfer of Treasury Shares and PDMR Shareholdings
The Portmeirion Group 2018 Deferred Incentive Share Option Plan (the "Deferred Plan") Exercises
The Company announces that, on 22 September 2022, the following Executive Directors exercised options which were granted on 8 August 2019 pursuant to the Deferred Plan to subscribe for and retain a total of 6,973 ordinary shares of 5 pence each in the Company ("Ordinary Shares") as detailed below:
| | Number of options exercised | Total exercise Price | Total number of Ordinary Shares held following exercise of options
| Percentage of Company's issued share capital following exercise of options |
| Mike Raybould, Chief Executive | 4,358 | £1 | 11,886 | 0.08% |
| Mick Knapper, Operations Director | 2,615 | £1 | 8,191 | 0.06% |
In addition, a former employee of the Company exercised 1,390 options granted on 8 August 2019 under the Deferred Plan.
Accordingly, the Company transferred 8,363 Ordinary Shares on 22 September 2022 from shares held in treasury by the Company in respect of the above exercises.
Following the above transfer of treasury stock, the total number of Ordinary Shares held by the Company in treasury is 210,282 and the Company will have 14,204,087 Ordinary Shares in issue and 13,993,805 Ordinary Shares with voting rights. The figure of 13,993,805 Ordinary Shares may be used by shareholders of Portmeirion Group PLC as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
_____________________________________________
Notification and public disclosure of transactions by persons discharging managerial responsibilities / person closely associated with them.
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |
| a) | Name
| Mike Raybould - Chief Executive Mick Knapper - Operations Director |
| 2. | Reason for the notification | |
| a) | Position/status | See 1(a) above for all positions - all classified as PDMRs of the Company |
| b) | Initial notification/Amendment | Initial Notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Portmeirion Group PLC |
| b) | LEI | 2138003QC9J6TLZJHO70 |
| 3. | 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 | Ordinary Shares of 5 pence each |
| b) | Identification code | GB0006957293 |
| c) | Nature of the transactions | Exercise of options over Ordinary Shares |
| d) | Price(s) and volume(s) | Exercise price of £1 per all 4,358 Deferred Plan options over Ordinary Shares exercised by Mike Raybould.
Exercise price of £1 per all 2,615 Deferred Plan options over Ordinary Shares exercised by Mick Knapper.
|
| e) | Aggregated information - Aggregated volume - Price | £1 £1 |
| f) | Date of the transactions | 22 September 2022 |
| f) | Place of the transactions | Outside a trading venue |
Name of authorised official of issuer responsible for making notification:
Moira MacDonald
Company Secretary to Portmeirion Group PLC
ENQUIRIES:
| Portmeirion Group PLC: |
|
|
| Mike Raybould | +44 (0) 1782 743443 | mraybould@portmeiriongroup.com |
| Chief Executive David Sproston |
+44 (0) 1782 743443 |
dsproston@portmeiriongroup.com |
| Group Finance Director |
| |
| Hudson Sandler: |
|
|
| Dan de Belder | +44 (0) 207 796 4133 | ddebelder@hudsonsandler.com |
| Nick Moore
| | nmoore@hudsonsandler.com
|
| Panmure Gordon (Nominated Adviser and Broker): |
+44 (0) 207 886 2500 | |
| Freddy Crossley | Corporate Finance | |
| Rupert Dearden | Corporate Broking | |
|
Singer Capital Markets (Joint Broker): |
+44 (0) 207 496 3000 | |
| Peter Steel | Corporate Finance | |
| Rachel Hayes | Corporate Broking | |
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