Plastics Capital announces that, on 3 October 2017, Andrew Walker, Non-Executive Director, exercised options over 50,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at an exercise price of £1.00 per Ordinary Share pursuant to the Options Agreement dated 27 November 2007.
Accordingly, an application has been made for 50,000 Ordinary Shares to be admitted to trading on AIM ("Admission") which is expected to occur on 9 October 2017. Following Admission the Company will have 38,995,151 Ordinary Shares in issue. 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 Company under the FCA's Disclosure and Transparency Rules.
Following Admission, Andrew Walker will hold 295,684 Ordinary Shares, representing approximately 0.76% per cent. of the Company's issued share capital.
Details of the person discharging managerial responsibilities / person closely associated
Reason for the notification
Initial notification /Amendment
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Plastics Capital 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 1p each
Company ISIN: GB00B289KK20
Nature of the transaction
Exercise of options over ordinary shares
Price(s) and volume(s)
Date of the transaction
3 October 2017
Place of the transaction
Outside a trading venue
Plastics Capital plc
Tel: 020 7978 0574
Faisal Rahmatallah, Chairman
Nick Ball, Finance Director
Tel: 020 7397 8900
(Nomad and joint broker)
Allenby Capital Limited
Tel: 020 3328 5656
Notes to Editor
Plastics Capital is a niche manufacturer of specialist plastic products. Applications for these products vary widely and examples include:
• Packaging for the food manufacturing and distribution - films, sacks and pouches
• Steering columns and instrument control knobs in the automotive industry - plastic ball bearings
• Hydraulic and industrial rubber hose manufacture - various types of plastic mandrel
Plastics Capital's business model is based on understanding customers' problems in depth, and then developing and mass producing proprietary, technical solutions for these problems.
The business operates through two divisions, Films and Industrial, and has the majority of its production in six UK based factories, with a further three factories in Asia. Approximately 40% of its £77 million sales are made outside the UK to more than 80 countries.
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