SCGL Exercise of Options and Total Voting Rights

 

Shore Capital Group Limited (“Shore Capital” or the “Company”) Exercise of Options and Total Voting Rights

The Company announces that it has issued 746,129 new ordinary shares of no par value each in the Company (“Ordinary Shares”) pursuant to the exercise of options at £2.05 per share, all of which were issued to directors or persons discharging managerial responsibilities (or entities managed or beneficially owned by them), as follows:

 

Name

Number of Ordinary Shares Held Prior to Exercise

 

Number of Ordinary Shares Purchased with Exercise

Resultant Aggregate Holding of Ordinary Shares

 

Howard Shore

 

8,941,497 (42.28%)

592,199

9,533,696 (43.55% )

Graham Shore

 

1,962,079 (9.28%)

153,930

2,116,009 (9.67%)

 

A copy of the PDMR notification form for each of the above is set out below.

The new Ordinary Shares will rank pari passu with the Company’s existing Ordinary Shares. Application has been made for the admission of the 746,129 Ordinary Shares to be admitted to trading on AIM, with admission expected to occur on or around 10 May 2017 (“Admission”).

Total Voting Rights

Following Admission, the Company’s issued share capital (excluding shares held as treasury shares) will be 21,893,322 Ordinary Shares which equates to the total number of voting rights in the Company.

The above figure of 21,893,322 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 Guidance and Transparency Rules. 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Howard Shore

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Director

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)

 

 

 

2.05

592,199

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

– Aggregated volume

 

 

 

– Price

 

 

 

e)

 

Date of the transaction

 

 

03 May 2017

f)

 

Place of the transaction

 

 

London Stock Exchange

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Graham Shore

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Senior Executive

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)

 

 

 

2.05

153,930

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

– Aggregated volume

 

 

 

– Price

 

 

 

e)

 

Date of the transaction

 

 

03 May 2017

f)

 

Place of the transaction

 

 

London Stock Exchange

 

– Ends –

 

 Enquiries:

Shore Capital

Lynn Bruce

 

+44 (0) 14 8172 4222

 

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett

Jamie Barklem

Carolyn Sansom

 

+44 (0) 20 7383 5100

Bell Pottinger (Public Relations)

Jonathan Hodgkinson

 

+44 (0) 20 3772 2500

About Shore Capital

Shore Capital is an AIM quoted independent investment group. Founded and majority owned by entrepreneurs, for three decades Shore Capital has been helping entrepreneurial businesses reach their full potential, find committed long term investors and develop into significant enterprises. The business offers innovative corporate advice; a leading market-making business; some of the most respected investment research available in the UK; and a diverse range of high quality investment opportunities, including its hugely successful VCTs and principal finance activities.

The Group is based in Guernsey, London, Liverpool, Edinburgh and Berlin. Shore Capital Stockbrokers Limited, Shore Capital and Corporate Limited, Shore Capital Limited and Puma Investment Management Limited are each authorised and regulated by the Financial Conduct Authority. Shore Capital Stockbrokers Limited is a member of the London Stock Exchange.

www.shorecap.gg