Director Dealings and Holdings in Company - 25 May 2016

Date: 25/05/16
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The Board announces that on 25 May 2016 the following transactions were undertaken by Phil Moorhouse, Chairman and David Cowen, Group Finance Director in the Company’s Ordinary Shares of 25 pence each (“Ordinary Shares”):

 

  • Mr Moorhouse bought 20,000 Ordinary Shares, which is his first holding in the Company’s Ordinary Shares, and represents 0.1% of the Company’s issued share capital.

 

  • Mr Cowen exercised in full a conditional grant over Ordinary Shares awarded on 27 February 2013 under the Molins PLC Deferred Share Plan.  Upon exercise, the Molins PLC Employee Trust transferred 46,600 Ordinary Shares to Mr Cowen, 23,300 of which were then sold in the open market.  Mr Cowen’s beneficial interest following this transaction has increased to 123,519 Ordinary Shares, representing 0.6% of the Company’s issued share capital. 

 

All transactions were completed at a price of 59.5 pence per Ordinary Share.  

For further information, please contact:

 

Molins PLC Tel: +44(0)1908 246870
David Cowen, Group Finance Director  
Sara Cannon, Company Secretary  
   
Panmure Gordon (UK) Limited (NOMAD) Tel: +44(0)20 7886 2500

Andrew Potts/ Peter Steel – Corporate Finance

 
Tom Salvesen – Corporate Broking  
   
KTZ Communications Tel: +44(0)20 3178 6378
Katie Tzouliadis, Viktoria Langley, Emma Pearson