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Augean Plc - Exercise of Options, PDMR Dealing and TVR

RNS Number : 4763N
Augean Plc
20 May 2020
 

20 May 2020

Augean plc ("Augean" or the "Company")

Exercise of options, Director and PDMR dealing and total voting rights

Augean, one of the UK's leading specialist waste management businesses, announces that three employees took the opportunity to exercise their share options (the "Options") of 10 pence each in the capital of the Company ("Ordinary Shares"), awarded to them on 28th April 2017 under the Company's 2014 LTIP Scheme. 

Mark Fryer, the Group Finance Director and a PDMR, executed Options over 203,098 Ordinary Shares and will retain 100,220 Ordinary Shares following the payments of taxes and fees.  John Rauch, the Group Operating Officer and a PDMR, executed Options over 181,252 Ordinary Shares and will retain 89,512 Ordinary Shares following the payment of taxes and fees.

It is noted that the total Ordinary Shares sold by each PDMR was done so with the sole aim of satisfying the exercise price of 10p and the resulting tax liability. 

Application has been made to the London Stock Exchange for 420,544 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective at 8.00 a.m. on 26th May 2020.

Following Admission, the total number of Ordinary Shares in issue will be 104,505,742 and the total number of voting rights will therefore be 104,505,742. This figure may be used by shareholders 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

-  Ends -

 

Enquiries:

 

Augean plc

Jim Meredith, Executive Chairman

Mark Fryer, Group Finance Director

 

01937 844 980

N+1 Singer

Shaun Dobson

Peter Steel

 

020 7496 3000



 

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

 

 

Mark Fryer

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group FD, PDMR

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Augean plc

b)

 

LEI

 

 

213800FX9OGD148QCP81

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 of instrument

 

Identification code

 

 

Ordinary Shares of 10 pence each

 

 

GB00B02H2F76

b)

 

Nature of the transaction

 

 

1.   Exercise of options

 

2.   Sale of shares

 

c)

 

Price(s) and volume(s)

 

 

 

1.   Exercise of options

 

 

2.   Sale of shares

 

Price(s)

 

Volume(s)

10 pence (exercise price)

 

 

150 pence

203,098

 

 

 

102,878

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A (single transactions)

 

 

 

e)

 

Date of the transaction

 

 

1.   Exercise of options: 19 May 2020

2.   Sale of shares: 19 May 2020

f)

 

Place of the transaction

 

 

London Stock Exchange, AIM

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

John Rauch

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Group Operating Officer, PDMR

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Augean plc

b)

 

LEI

 

 

213800FX9OGD148QCP81

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 of instrument

 

Identification code

 

 

Ordinary Shares of 10 pence each

 

 

GB00B02H2F76

b)

 

Nature of the transaction

 

 

1.   Exercise of options

 

2.   Sale of shares

 

c)

 

Price(s) and volume(s)

 

 

 

1.   Exercise of options

 

 

2.   Sale of shares

 

 

Price(s)

 

Volume(s)

10 pence (exercise price)

 

 

153 pence

181,252

 

 

 

91,740

 

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

N/A (single transactions)

 

 

 

e)

 

Date of the transaction

 

 

1.   Exercise of options: 19 May 2020

2.   Sale of shares: 19 May 2020

f)

 

Place of the transaction

 

 

London Stock Exchange, AIM

 

Name of authorised official of issuer responsible for making notification:

Angela McGhin

Company Secretary to Augean plc  

 


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 [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Augean

Price: 185

Market: AIM
Market Cap: £193.34 m
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