15 Jan 2019 17:10
15 January 2019
The 600 Group Plc
("600 Group" or "the Group")
PDMR Share Dealings
The Board of 600 Group today confirms that further to announcement of his roll change in the Group's Laser Marking Division and his intention to retire, Mr Grimes has sold 3,150,000 shares in the company at 14p per share. All shares pursuant to Mr Grimes' sale have been successfully placed with new and existing shareholders. Following the sale, Mr Grimes retains an interest in a total of 4,350,000 ordinary shares in the Company, representing 3.85% of the total voting rights.
As part of the placement, Stephen Fiamma, Non-Executive Director, acquired 300,000 shares at 14p per share. Following the purchase, Mr Fiamma is interested in a total of 400,000 ordinary shares in the Company, representing 0.35% of the total voting rights.
Enquiries:
The 600 Group PLC Paul Dupee, Executive Chairman Neil Carrick, Finance Director
| Tel: 01924 415000 |
Instinctif Partners Mark Garraway James Gray | Tel: 0207 457 2020 |
Spark Advisory Partners Limited (NOMAD) Matt Davis Miriam Greenwood
| Tel: 020 3368 3553 |
WH Ireland (Broker) Adam Pollock
| Tel: 020 7220 1666 |
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
About The 600 Group PLC
The 600 Group PLC is a distributor, designer and manufacturer of industrial products with three principle areas of activities:
Machine Tools
The business has a strong reputation in the market for metal turning machines. Products range from small conventional machines for education markets, CNC workshop machines and CNC production machines. Selected outsourcing partners support the manufacturing of these machines and they are marketed through the Group's wholly owned international sales organisation and global distribution network.
Precision Engineered Components
Machine spares are distributed to customers globally to help maintain the installed base of group machines which number in excess of 100,000. Additionally, work holding products and taper roller bearings are sold via specialist distributors to OEMs, including other machine builders.
Industrial Laser Systems
Industrial laser systems are a technologically superior alternative to ink jet marking. It requires no consumables and can operate on a continuous high speed basis when integrated into customers' production lines. The business has its own technology and proprietary software. Customer applications are diverse and range from telecommunications to pharmaceuticals. The requirement for increased product and component traceability is one of the market drivers.
More information on the Group can be viewed at: www.600group.com
1. | Details of PDMR / person closely associated with them ("PCA") | ||
(a) | Name | David Grimes | |
2. | Reason for the notification | ||
(a) | Position / status | Divisional Managing Director of the Group's Global Laser Marking Division | |
(b) | Initial notification / amendment | Initial notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
(a) | Name | 600 Group plc | |
(b) | Legal Entity Identifier Code | 213800XECL92PYA1IK97 | |
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
Identification code
|
600 Group plc ordinary shares of 1 pence
GB0008121641 | |
(b) | Nature of the transaction | Sale of Shares | |
(c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£0.14 | 3,150,000 | ||
(d) |
Aggregated information
- Price
- Volume
|
£0.14
3,150,000
| |
(e) | Date of the transaction | 15 January 2019 | |
(f) | Place of the transaction | London Stock Exchange - XLON | |
1. | Details of PDMR / person closely associated with them ("PCA") | ||
(a) | Name | Stephen Fiamma | |
2. | Reason for the notification | ||
(a) | Position / status | Non-Executive Director | |
(b) | Initial notification / amendment | Initial notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
(a) | Name | 600 Group plc | |
(b) | Legal Entity Identifier Code | 213800XECL92PYA1IK97 | |
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
Identification code
|
600 Group plc ordinary shares of 1 pence
GB0008121641 | |
(b) | Nature of the transaction | Purchase of Shares | |
(c) | Price(s) and volume(s) | Price(s) | Volume(s) |
£0.14 | 300,000 | ||
(d) |
Aggregated information
- Price
- Volume
|
£0.14
300,000
| |
(e) | Date of the transaction | 15 January 2019 | |
(f) | Place of the transaction | London Stock Exchange - XLON | |