TIDMCRU

RNS Number : 8078N

Coral Products PLC

26 September 2019

26 September 2019

CORAL PRODUCTS PLC

('Coral' or the 'Company' or the 'Group')

Directors' Dealings

Coral Products PLC, (the "Company" or the "Group") a specialist in the design, manufacture and supply of injection moulded plastic products based in Haydock, Merseyside, announces it was informed on 25 September 2019 that Joe Grimmond and Paul Freud, respectively the Non-executive Chairman and an Executive Director of the Company, purchased 500,000 ordinary shares and 100,000 ordinary shares in the Company respectively, representing 0.61 per cent. and 0.12 per cent. of the Company's issued share capital, at an average price of 5.74 pence and at a price of 5.69 pence per ordinary share respectively.

Following the above transactions, Mr Grimmond holds 5,873,337 ordinary shares in the Company, representing 7.11 per cent. of the Company's issued share capital and Mr Freud holds 2,048,333 ordinary shares in the Company, representing 2.48 per cent. of the Company's issued share capital.

This announcement contains inside information for the purpose of Article 7 of the EU Regulation 596/2014 and has been arranged for release by Sharon Gramauskas, Finance Director of the Company.

For further information, please contact:

 
              Coral Products plc 
  Michael (Mick) Wood, Chief Executive Officer     Tel: 07788 565 
                                                        154 
 Nominated Adviser & Broker 
  Cairn Financial Advisers LLP                      Tel: 020 7213 
  Tony Rawlinson                                             0880 
  Liam Murray 
  David Lawman (Corporate Broking) 
 
 Capital Markets Consultants                       Tel: 07515 587 
  Richard Pearson                                             184 
 
 
 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                                   Joe Grimmond 
       -------------------------------------  -------------------------------------------------- 
 2      Reason for notification 
       -------------------------------------  -------------------------------------------------- 
 a.     Position/Status                        Non-Executive Director of Coral Products 
                                                plc 
       -------------------------------------  -------------------------------------------------- 
 b.     Initial notification/                  Initial 
         Amendment 
       -------------------------------------  -------------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ----------------------------------------------------------------------------------------- 
 a.     Name                                   Coral Products plc 
       -------------------------------------  -------------------------------------------------- 
 b.     LEI                                    213800M2XLY2QGBMUN82 
       -------------------------------------  -------------------------------------------------- 
 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                       Ordinary shares 
         of instrument 
                                                ISIN: GB0002235736 
         Identification 
         Code 
       -------------------------------------  -------------------------------------------------- 
 b.     Nature of the                           Purchase of shares 
         transaction 
       -------------------------------------  -------------------------------------------------- 
 
 c.     Price(s) and volume(s)                        Price(s) per           Volume(s) 
                                                       share 
       -------------------------------------         --------------------- 
                                                      5.69p                  250,000 
                                                       5.799p                 250,000 
                                                     ---------------------  ---------------- 
 
 d.     Aggregated information 
 
         - Aggregated Volume                     As above 
 
         - Price                                 As above 
       -------------------------------------  -------------------------------------------------- 
 e.     Date of the transaction                25 September 2019 
       -------------------------------------  -------------------------------------------------- 
 f.     Place of the transaction               UK 
       -------------------------------------  -------------------------------------------------- 
 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                                   Paul Freud 
       -------------------------------------  -------------------------------------------------- 
 2      Reason for notification 
       -------------------------------------  -------------------------------------------------- 
 a.     Position/Status                        Director of Coral Products plc 
       -------------------------------------  -------------------------------------------------- 
 b.     Initial notification/                  Initial 
         Amendment 
       -------------------------------------  -------------------------------------------------- 
 3      Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ----------------------------------------------------------------------------------------- 
 a.     Name                                   Coral Products plc 
       -------------------------------------  -------------------------------------------------- 
 b.     LEI                                    213800M2XLY2QGBMUN82 
       -------------------------------------  -------------------------------------------------- 
 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                       Ordinary shares 
         of instrument 
                                                ISIN: GB0002235736 
         Identification 
         Code 
       -------------------------------------  -------------------------------------------------- 
 b.     Nature of the                           Purchase of shares 
         transaction 
       -------------------------------------  -------------------------------------------------- 
 
 c.     Price(s) and volume(s)                        Price(s) per           Volume(s) 
                                                       share 
       -------------------------------------         --------------------- 
                                                      5.69p                  100,000 
                                                     ---------------------  ---------------- 
 
 d.     Aggregated information 
 
         - Aggregated Volume                     As above 
 
         - Price                                 As above 
       -------------------------------------  -------------------------------------------------- 
 e.     Date of the transaction                25 September 2019 
       -------------------------------------  -------------------------------------------------- 
 f.     Place of the transaction               UK 
       -------------------------------------  -------------------------------------------------- 
 

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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September 26, 2019 06:25 ET (10:25 GMT)

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