Samuel Heath & Sons plc
("Samuel Heath" or "the Company")
Director / PDMR Shareholding
Further to the announcement on 19 July 2021 regarding the death of Sam Heath, its former chairman, the Company announces that probate has been granted on Mr Heath's will which includes the 455,800 ordinary shares in the Company ("Shares") he owned, representing approximately 18% of the Company's issued share capital.
As a result, the Shares have been transferred into the Samuel Heath Discretionary Will Trust (the "Trust") for Mr Heath's beneficiaries. The two trustees of the Trust are Anthony Buttanshaw and Lodders Trust Corporation Ltd (the "Trustees"). Anthony Buttanshaw is a director of the Company. The Trustees have no beneficial interest in the Shares, but, due to their roles as trustee of the Trust, are deemed the joint legal holders of the Shares.
A TR1 notification has been made both for the disposal from Sam Heath's estate, as well as the transfer to the Trust.
Separate to the Trust, Mr Buttanshaw holds 1,000 ordinary shares in the Company representing approximately 0.04% of its issued share capital.
For further information, please contact:
Samuel Heath & Sons plc
Simon Latham, Company Secretary
+44 (0) 121 766 4200
Cairn Financial Advisers LLP
James Caithie / Jo Turner
+44 (0) 20 7213 0880
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
| a. | Name | Samuel Heath Discretionary Will Trust | ||||||||
| 2 | Reason for notification | | ||||||||
| a. | Position/Status | Anthony Buttanshaw is a trustee of the Samuel Heath Discretionary Will Trust and also a director 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 | Samuel Heath & Sons plc | ||||||||
| b. | LEI | 213800LZPSLF8Z5NQS39 | ||||||||
| 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 | Ordinary shares of 10 pence each ISIN: GB0004178710 | ||||||||
| b. | Nature of the transaction | Shares transferred into a trust for Mr Heath's beneficiaries following the grant of probate | ||||||||
| c. | Price(s) and volume(s) | |
| | | | ||||
| | ||||||||||
| d. | Aggregated information
- Aggregated Volume
- Price |
N/A
N/A | ||||||||
| e. | Date of the transaction | 9 December 2022 | ||||||||
| f. | Place of the transaction | Off-market transaction | ||||||||
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