17 Dec 2020 07:00
17 December 2020
THE INCE GROUP PLC (the "Company")
Director and PDMR Transaction
The Company has been informed that Adrian Biles, a director of the Company, and John Biles, a PDMR, today transferred 1,048,253 ordinary shares of 1 pence each ("Ordinary Shares") from their joint interest, and John Biles transferred 394,348 from his own holding, to be held on trust as collateral for the commitments of an entity engaged in underwriting activities with Lloyd's of London in which they are interested.
As a result of this transaction Adrian Biles and John Biles no longer jointly hold any shares directly but they continue to be jointly interested in a total of 3,333,333 Ordinary Shares which had originally been jointly held, representing 4.8% of the Company's issued ordinary share capital.
John Biles' individual directly held interest is now 1,143,532 Ordinary Shares but he continues to be individually interested in 1,537,880 Ordinary Shares, representing 2.2% of the Company's issued ordinary share capital.
Adrian Biles' individual interest of 7,610,664 Ordinary Shares is unchanged, representing 11.1% of the Company's issued ordinary share capital.
Overall, both Adrian and John Biles each continue to be interested in the same number of shares as prior to the transfer.
FOR FURTHER INFORMATION, PLEASE CONTACT:
The Ince Group plc investorrelations@incegd.com
Adrian Biles, Group Chief Executive
Simon Oakes, Chief Financial Officer
Arden Partners plc
Nominated Advisor and Broker to the Company +44 (0) 20 7614 5900
John Llewellyn-Lloyd, Corporate Finance
Ciaran Walsh, Corporate Finance
Dan Gee-Summons, Corporate Finance
Fraser Marshall, Equity Sales
Portland Communications +44 (0) 7767 345563
Steffan Williams ince@portland-communications.com
Simon Hamer
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 | Adrian Biles (CEO) John Biles (Head of Finance and Administration) | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | See 1 a) above | ||||||
b) | Initial notification/ Amendment | Initial Notification | ||||||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | The Ince Group plc | ||||||
b) | LEI | 2138005A5XOTI2MHP510 | ||||||
| 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
ISIN GB00BZBY3Y09 | ||||||
b) | Nature of the transactions | Transfer of shares from their joint interests to be held on trust as collateral for the commitments of an entity in which they are interested | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Price |
1,442,601 N/A | ||||||
e) | Date of the transaction | 15 December 2020 | ||||||
f) | Place of the transaction | London Stock Exchange (XLON) Out of a trading venue | ||||||