9 December 2022
H C SLINGSBY PLC
("Slingsby" or the "Company" or the "Group")
Director/PDMR Shareholding
The Company announces that it has been advised that Morgan Morris, Group Chief Executive, purchased 30,061 ordinary shares of 25p each in the Company ("Ordinary Shares") at a price of 260 pence per share on 8 December 2022 from the HC Slingsby Retirement Benefit Scheme ("the Acquired Shares").
Mr Morris has also agreed to pay further consideration as follows:
- If in the period up to 8 December 2025, the Acquired Shares are sold at a price in excess of £3.50 then further consideration of 50% of the excess over £3.50 will be payable to the vendors; and
- If in the following two year period up to 8 December 2027, the Acquired Shares are sold at a price in excess of £4 then further consideration of 50% of the excess over £4 will be payable to the vendors.
Mr Morris is entitled to sell the 63,500 Ordinary Shares he held prior to the acquisition of the Acquired Shares before the above further consideration becomes payable.
Following this purchase, Morgan Morris has a total beneficial interest in 93,561 Ordinary Shares, equivalent to 8.91 per cent. of the Company's issued ordinary share capital.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.
For further information, please contact:
| H C Slingsby PLC | Tel: 01274 535 030 |
| Dominic Slingsby, Interim Executive Chairman | |
| Morgan Morris, Group Chief Executive
| |
| Allenby Capital Limited (Nominated Adviser and Broker) | Tel: 020 3328 5656 |
| David Worlidge / George Payne | |
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
| Morgan Morris
| |
| 2
| Reason for the notification
| ||
| a)
| Position/status
| Group Chief Executive
| |
| b)
| Initial notification /Amendment
| Initial Notification | |
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||
| a)
| Name
| H C Slingsby plc | |
| b)
| LEI
| 2138004NA2QBB4KXV279 | |
| 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 25 pence each in H C Slingsby plc
GB0008138009 | |
| b)
| Nature of the transactions
| Purchase of Ordinary Shares | |
| c)
| Price(s) and volume(s)
| Price(s)
260p
| Volume(s)
30,061 |
| d)
| Aggregated information - Aggregated volume - Price - Principal amount
|
30,061 260p £78,158.60
| |
| e)
| Dates of the transaction
| 8 December 2022 | |
| | | | |
| f) | Place of transaction | Off Market | |
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