Slingsby(H.C.)Plc Issue of Shares in Lieu of Bonus (7742R)
02 Julio 2020 - 1:00AM
UK Regulatory
TIDMSLNG
RNS Number : 7742R
Slingsby(H.C.)Plc
02 July 2020
2 July 2020
H C SLINGSBY PLC
("Slingsby", "the Group" or the "Company")
Issue of Shares in Lieu of Bonus
HC Slingsby PLC, one of the market leaders in the distribution
of industrial and commercial equipment, is pleased to announce that
a discretionary bonus of GBP36,250 has been awarded to Morgan
Morris, Group Chief Executive, for his continued service to the
Company. The bonus is to be satisfied by the issuance of 50,000 new
ordinary shares of 25 pence each in the Company ("New Ordinary
Shares") at a price of 72.5 pence per share, being the closing
current mid-market price on 1 July 2020.
Admission to AIM
Application will be made to the London Stock Exchange for the
New Ordinary Shares to be admitted to trading on AIM ("Admission").
It is anticipated that Admission will occur, and dealings will
commence in the New Ordinary Shares at 8.00 a.m. on, or around, 8
July 2020.
Related Party Transaction
Morgan Morris is the Chief Executive Officer and a Director of
Slingsby and, therefore, the transaction is treated as a related
party transaction under the AIM rules. The Independent Director,
Dominic Slingsby, having consulted with Allenby Capital Limited,
the Company's Nominated Adviser, considers that the terms of the
issue of the New Ordinary Shares are fair and reasonable insofar as
the shareholders of Slingsby are concerned.
Total voting rights
Following Admission, the Company will have 1,050,000 ordinary
shares of 25 pence each in issue, each with one voting right. There
are no shares held in treasury. Therefore, the Company's total
number of ordinary shares and voting rights will be 1,050,000.
This figure may be used by shareholders from Admission as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.
For further information, please contact:
H C Slingsby PLC Tel: 01274
535 030
Dominic Slingsby, Interim Executive Chairman
and Operations Director
Morgan Morris, Group Chief Executive
Allenby Capital Limited Tel: 020 3328
5656
David Worlidge / Nicholas Chambers
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
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2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------------- -----------------------------------
b) Initial notification Initial Notification
/Amendment
--------------------------------------- -----------------------------------
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 Ordinary shares of 25 pence each
financial instrument, in H C Slingsby plc
type of instrument
Identification code GB0008138009
--------------------------------------- -----------------------------------
b) Nature of the transactions Subscription of ordinary shares
--------------------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
72.5p 50,000
--------------------------------------- ---------------- -----------------
d) Aggregated information
- Aggregated volume N/A
- Price
- Principal amount
--------------------------------------- -----------------------------------
e) Dates of the transaction 1 July 2020
f) Place of transaction Outside a trading venue
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This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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