The Company announces that BW Family Ltd, a trust set up for the benefit of Keith Butler Wheelhouse and his family, and which is considered to be a person closely associated with Mr Butler-Wheelhouse, Non-Executive Director of the Company, purchased 7,500 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 114p per share.
Following these transactions, Mr Butler-Wheelhouse has a total beneficial interest in 383,798 ordinary shares in the Company.
Details of the person discharging managerial responsibilities / person closely associated
BW Family Ltd
Reason for the notification
Trust set up for the benefit of Keith Butler Wheelhouse and his family, and which is considered to be a person closely associated with Mr Butler-Wheelhouse, Non-Executive Director of Plastics Capital plc
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
Nature of the transaction
Purchase of ordinary shares of 1p each
Price(s) and volume(s)
- Aggregated volume
N/A - single transaction
Date of the transactions
19 December 2018
Place of the transactions
London Stock Exchange
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 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 mandrel
• Cardboard box manufacture - creasing matrices
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 two factories in Asia and one in the USA. Approximately 50% of its £77 million sales are made outside the UK to more than 80 countries.
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.
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