BRIGHTON PIER GROUP PLC (THE)

Director's Dealing • Nov 23, 2018

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 3814I

Brighton Pier Group PLC (The)

23 November 2018

23 November 2018

The Brighton Pier Group PLC

("Brighton Pier Group" or the "Company")

Exercise of Warrants and change to Total Voting Rights

PDMR Notification

Brighton Pier Group announces that it has issued 1,622,274 new ordinary shares in the Company of par value £0.25 ('Ordinary Shares') following the exercise of warrants over Ordinary Shares held by the Company's Chairman, Luke Johnson.

Mr Johnson has exercised Warrants to acquire 1,622,274 Ordinary Shares at a price of 60 pence per Ordinary Share, amounting to a cash value of approximately £1.0 million.

Mr Johnson was appointed to the Board of the Company as Chairman in June 2015 and agreed not to draw a salary in respect of his appointment. The Company agreed at that time to issue warrants to subscribe for up to 1,622,274 Ordinary Shares at a price of 60 pence per Ordinary Share (the "Warrants") to Mr Johnson. The Warrants had an exercise date of no later than 30 June 2019.

Mr Johnson has now exercised the Warrants in full and is now beneficially interested in 10,062,466 Ordinary Shares, representing approximately 27.0 per cent. of the Company's enlarged issued share capital.

Admission and Total Voting Rights

Pursuant to the exercise of the Warrants, application has been made for 1,622,274 new Ordinary Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to AIM ("Admission"). It is expected that Admission will become effective and dealings will commence at 8:00 a.m. on or around 29 November 2018.

Following Admission, the total issued share capital of the Company will consist of 37,286,284 Ordinary Shares. There are no ordinary shares held in treasury. As such, the total number of voting rights in the Company will be 37,286,284 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

Enquiries:

The Brighton Pier Group Plc	Tel: 020 7376 6300
Luke Johnson, Chairman
Anne Ackord, Chief Executive Officer
John Smith, Chief Financial Officer
Panmure Gordon (UK) Limited (Nominated Adviser and Joint Broker )	Tel: 020 7886 2500
Corporate Finance
Atholl Tweedie
Corporate Broking
Charles Leigh-Pemberton
Arden Partners plc (Joint Broker)	Tel: 0207 7614 5900
Corporate Finance
John Llewellyn-Lloyd / Benjamin Cryer
Corporate Broking
Jonathan Keeling

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

Luke Johnson

2

Reason for the notification

a)

Position/status

Chairman

b)

Initial notification /Amendment

Initial Notification

3

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

a)

Name

The Brighton Pier Group plc

b)

LEI

213800ANI1ZZB7UCUW02

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 25 pence each

GB00BG49KW66

b)

Nature of the transaction

Exercise of warrants

c)

Price(s) and volume(s)

Price(s)	Volume(s)
60 pence	1,622,274

d)

Aggregated information

- Aggregated volume

- Price

1,622,274 ordinary shares of 25 pence at 60 pence per ordinary share

e)

Date of the transaction

22 November 2018

f)

Place of the transaction

London Stock Exchange, AIM

The above notifications are made in accordance with the requirements of the EU Market Abuse Regulation.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ALSZMMZMDFVGRZM