Billington Holdings Plc
("Billington" or the "Company" or the "Group")
Director Dealings
Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, confirms that share options over 113,756 ordinary shares of 10p each in the Company ("Ordinary Shares") have been exercised pursuant to the rules of Long Term Incentive Plan ("LTIP") by two executive Directors and will be satisfied by way of transfer from the Employee Share Ownership Trust ("ESOT"). In addition, 32,363 Ordinary Shares have been released from the ESOT to the same two executive Directors pursuant to the Deferred Bonus Plan. The effect of the transactions will be that the executive Directors will retain the maximum number of Billington Ordinary Shares arising, after a proportion of such shares are sold to cover the associated tax and National Insurance liabilities.
Mark Smith
Mark Smith has exercised the LTIP option granted on 23 December 2020 in respect of 65,003 Ordinary Shares and a further 18,493 Ordinary Shares have been released to him pursuant to the Deferred Bonus Plan granted on 19 August 2019, both at nil consideration. Mark Smith sold in total 39,243 Ordinary Shares.
Trevor Taylor
Trevor Taylor has exercised the LTIP option granted on 23 December 2020 in respect of 48,753 Ordinary Shares and a further 13,870 Ordinary Shares have been released to him pursuant to the Deferred Bonus Plan granted on 19 August 2019, both at nil consideration. Trevor Taylor sold in total 29,433 Ordinary Shares.
Following the above transactions, the interests of the executive Directors in Ordinary Shares are:
| Director | Position | Total direct shareholding in Company | Total shares outstanding under Deferred Bonus Plan (held in ESOT) | Total number of LTIP options held | Total potential %* shareholding including options |
| Mark Smith | Chief Executive Officer | 63,807 | 24,903 | 249,802 | 2.62% |
| Trevor Taylor | Chief Financial Officer | 52,513 | 18,677 | 187,351 | 2.00% |
*Assumes future issuance satisfied from ESOT
For further information please contact:
| Billington Holdings Plc | Tel: 0122 634 0666 |
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| Mark Smith, Chief Executive | |
| Trevor Taylor, Chief Financial Officer | |
| | |
| finnCap Limited - Nomad and Broker | Tel: 020 7220 0500 |
| | |
| Ed Frisby / Charlie Beeson - Corporate Finance | |
| Andrew Burdis / Barney Hayward - ECM | |
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| IFC Advisory Limited | Tel: 0203 934 6630 |
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| billington@investor-focus.co.uk |
| Tim Metcalfe | |
| Graham Herring | |
| Zach Cohen | |
About Billington Holdings Plc
Billington Holdings Plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is a UK based Group of companies focused on structural steel and engineering activities throughout the UK and European markets. Group companies pride themselves on the provision of high technical and professional standards of service to niche markets with emphasis on building strong, trusted and long-standing partnerships with all of our clients. https://billington-holdings.plc.uk/
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 | Mark Smith | ||||
| 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 | Billington Holdings Plc | ||||
| b) | LEI | 213800MUHLXWQQ6MEN67 | ||||
| 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 10p each
GB0000332667 | ||||
| b) | Nature of the transaction | Deferred Bonus Plan transfer, exercise of options & sale of shares
| ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
65,003 exercised at nil cost. 18,493 transferred at nil cost. 39,243 sold for £155,390.11. | ||||
| e) | Date of the transaction | 20 April 2023 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Trevor Michael Taylor | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Financial Officer | ||||
| b) | Initial notification/ Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Billington Holdings Plc | ||||
| b) | LEI | 213800MUHLXWQQ6MEN67 | ||||
| 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 10p each
GB0000332667 | ||||
| b) | Nature of the transaction | Deferred Bonus Plan transfer, exercise of options & sale of shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | 65,003 exercised at nil cost. 18,493 transferred at nil cost. 29,433 sold for £116,545.56. | ||||
| e) | Date of the transaction | 20 April 2023 | ||||
| f) | Place of the transaction | London Stock Exchange | ||||
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