Exercise of Options, PDMR Dealing and TVR
Updated : 09:18
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 |
| ||||
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
|
| ||||
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
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