Legendary announces, that further to the announcement of 3 September 2018, on 25 September 2018, 100,000,000 options were granted to Lord Monson over existing ordinary shares of 0.1p each in the Company under the Company share option scheme. Subject to completion of the Company's share capital reorganisation, announced yesterday, and which is due to complete today at 6.00 p.m., the 100,000,000 options will be adjusted so that Lord Monson will hold 265,118 options over new ordinary shares of 0.1p each ("New Ordinary Shares"). The exercise price of the adjusted options will be 75.4 pence per New Ordinary Share, the options vest immediately and they have a life of 10 years. Lord Monson, currently holds no other beneficial interest in the Company.
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Legendary Investments PLC
Zafar Karim / Thomas Reuner
020 8201 3536
Grant Thornton UK LLP
Colin Aaronson / Harrison Clarke
020 7383 5100
S.P. Angel Corporate Finance LLP
Richard Parlons / Richard Morrison
020 3470 0470
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
About Legendary Investments PLC
Legendary Investments PLC focuses on assisting companies and making investments which exhibit the potential to generate returns of many multiples through capital appreciation. Typically, Legendary takes stakes in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
Details of the person discharging managerial responsibilities / person closely associated
Lord Nicholas Monson
Reason for the notification
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Legendary Investments Plc
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
Description of the financial instrument, type of instrument
Ordinary shares of 0.1 pence each
Nature of the transaction
Grant of options
Price(s) and volume(s)
- Aggregated volume
Date of the transaction
Place of the transaction
Outside a trading venue
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Capital Network analyst Ed Stacey says it's an interesting time to revisit the investment case at Legendary Investments Plc (LON:LEG) as the shares are currently trading at a discount to net asset value (NAV) which hasn't been the case in the past.