RNS Number : 9421L
Marks Electrical Group plc
25 April 2024
 

 

 

 

25 April 2024

 

 

Marks Electrical Group plc

 

Director/PDMR Shareholdings

 

Notification of transactions by persons discharging managerial responsibilities ("PDMR")

 

Marks Electrical Group plc ("Marks Electrical", "the Company" or "the Group"), a fast-growing online electrical retailer, today announces that Josh Egan, Chief Financial Officer of the Group, transferred 40,000 ordinary shares of 1 pence each in the Company ("Ordinary Share") from his personal holdings into his Individual Savings Account ("ISA") and his Self-Invested Personal Pension ("SIPP") at a price of 70 pence per Ordinary Share (the "Transfer"). The Transfer was effected by the sale and immediate repurchase of the Ordinary Shares. Following the Transfer, Josh Egan's beneficial interest in the Company remains unchanged at an aggregate of 142,000* Ordinary Shares.

* 2,000 ordinary shares are held by Mariam Egan.

 

The Notification of Dealing Form is set out below.

The following transaction has been notified to the Company pursuant to Article 19.1(a) of the UK Market Abuse Regulation ("MAR"). This notification is issued in accordance with Article 19.3 of MAR.

 

1

Details of the person discharging managerial responsibilities / person closely associated ("PCA")

a)

Name

Josh Egan

2

Reason for the notification

a)

Position/status

PDMR (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

Marks Electrical Group plc

b)

LEI

2138007KN8TKPIXIQE92

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

Ordinary shares of 1 pence each

b)

Identification code of the Financial Instrument

ISIN: GB00BM8Q5G47

c)

Nature of the transaction

Transfer of Ordinary Shares into ISA and SIPP

 

d)

Price(s) and volume(s)

 

Transaction

Price(s)

Volume(s)

Shares sold

£0.7000

40,000

Shares purchased by ISA

£0.7005

22,857

Shares purchased by SIPP

£0.7005

17,143

 

 

e)

Aggregated information:  volume, Price

Single Transaction

f)

Date of the transaction

24 April 2024

g)

Place of the transaction

London Stock Exchange

 

 

Enquiries:

Marks Electrical Group plc

Mark Smithson, CEO

Josh Egan, CFO

Via Dentons Global Advisors

 

Tel: +44 (0) 20 7664 5095

 



 

Dentons Global Advisors (Financial PR)

Jonathon Brill / James Styles / Fern Duncan

Tel: +44 (0) 20 7664 5095

markselectrical@dentonsglobaladvisors.com     

 



 

Canaccord Genuity (NOMAD and Broker)

Max Hartley / George Grainger

Tel: +44 (0) 207 523 8000



 

 

 

 

 

 

 

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