SCGL Director/PDMR Dealing

 

Shore Capital Group Limited ("Shore Capital" or the "Group") Director/PDMR Dealing

Shore Capital, the independent investment group specialising in capital markets, asset management and principal finance, today announces that Puma Brandenburg Limited, an entity controlled by Howard Shore and his connected persons, purchased 1,268,737 ordinary shares in Shore Capital at a price of £2.00 per share from Aralon Resources and Investment Company Limited (the “Purchase”).  As an affiliated person of a member of a concert party holding shares carrying over 50 per cent of the Company’s voting rights, the Purchase does not result in any obligation under Rule 9 of the Code to make a general offer. The resultant concert party interests are as follows:

 

Shareholders Resultant holding  
of ordinary shares
% of issued 
ordinary shares
     
Howard Shore1 9,533,696 44.19%
Graham Shore2 2,116,009 9.81%
Puma Brandenburg Limited  1,268,737 5.88%
 
Total for the concert party
12,918,442 59.88%

1
Includes interests held by spouse and pension fund
2 Direct and beneficial interest

 

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

 

 1 

 
 Details of the person discharging managerial responsibilities / person closely associated 

 
 a) 

 
 Name 

 
 Puma Brandenburg Limited
 2 

 
 Reason for the notification 

 
 a) 

 
 Position/status 

 
 Body corporate connected with Howard Shore
 b) 

 
 Initial notification /Amendment 

 
 Initial
 3 

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

 
 a) 

 
 Name 

 
 Shore Capital Group Limited

 
 b) 

 
 LEI 

 
 2138002TLQU3X2QPRE66

 
 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  Ordinary Shares 

 
   
 Identification code  GG00BGCZJ741
   
 b) 

 
 Nature of the transaction 

 
 Purchase of Shares
 c) 

 
 Price(s) and volume(s)        
     Price(s)  Volume(s)  
     £2.00  1,268,737  
         
 d) 

 
 Aggregated information  
   
 - Aggregated volume  1,268,737
   
 - Price  £2.00
   
 e) 

 
 Date of the transaction 

 
 1 May 2019
 f) 

 
 Place of the transaction 

 
 London Stock Exchange

 

Enquiries:

Shore Capital  +44 (0) 20 7468 4050

Howard Shore, Chairman

Simon Fine, Co-Chief Executive 

David Kaye, Co-Chief Executive

Lynn Bruce, Director   +44 (0) 14 8172 8902

 

Grant Thornton UK LLP (Nominated Adviser)  +44 (0) 20 7383 5100

Philip Secrett

Jamie Barklem

Ben Roberts

 

 Montfort Communications (Public Relations)  +44 (0) 78 1234 5205

Olly Scott