W.H. IRELAND GROUP PLC

AGM Information • Mar 21, 2019

National Storage Mechanism | Additional information

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RNS Number : 6238T

W.H. Ireland Group PLC

21 March 2019

WH Ireland Group Plc

("WH Ireland" or the "Company")

Result of General Meeting

Completion of Placing

The Directors are pleased to confirm that at the Company's General Meeting held earlier today all resolutions were duly approved.

Accordingly, the Company is pleased to announce that the conditions set out in the announcement dated 5 March 2019 have been satisfied, and it has now unconditionally raised £4,950,000 from the issue of 11,000,000 new ordinary shares ("New Ordinary Shares") at a price of 45p per share (the "Placing"), subject only to Admission.

Commenting, CEO Phillip Wale said "I am delighted with the result of the Placing, which provides us with a secure platform from which to execute our strategy. Whilst cognisant of the current market backdrop, recent successes in the Corporate & Institutional Broking division led by Adam Pollock, coupled with the appointment last month of Stephen Ford as Head of Wealth Management, support the directors' belief in the robustness of both divisions of the Group in the years ahead. I look forward to updating shareholders in due course, as our plans progress."

Further Details

As part of the Placing, Polygon Global Partners Limited have subscribed for 3,320,752 Placing Shares, which increases their total holding to 11,582,878 Ordinary Shares. Polygon's interest includes a contract for difference in respect of 1,210,278 Ordinary Shares and accordingly Polygon are interested in, or hold exposure to, 29.84% of the Company's enlarged voting rights, assuming the contract for difference remains in place. 

In addition, M&G Investments Limited have subscribed for 1,890,365 Placing Shares, which increases their total holding to 6,415,444 Ordinary Shares and 14.96% of the Company's Enlarged Issued Share Capital.

The Company also confirms that as part of the Placing the following PDMRs have agreed to subscribe for the following Placing Shares:

Name of PDMR	Number of Placing Shares subscribed for at the Placing Price	Total Shares held in the Company, assuming the Placing is completed	Total interest in the Enlarged Issued Share Capital
Phillip Wale, CEO	32,500	32,500	0.075%
Timothy Steel, Chairman	25,000	25,000	0.058%
Stephen Ford, Head of Wealth	111,111	176,111	0.41%
Adam Pollock, Head of CIB	22,222	245,1591	0.571%

As previously announced, application has been made to London Stock Exchange plc for the New Ordinary Shares to be admitted to trading on AIM. It is expected that admission will be effective, and dealings in the New Ordinary Shares will commence, at 8.00 a.m. on 22 March 2019.

For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of the Company following Admission will consist of 42,871,276 Ordinary Shares with voting rights attached (one vote per Ordinary Share). There are no Ordinary Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs.

For further information please contact:

WH Ireland Group plc                                                                                                    www.whirelandplc.com

Phillip Wale, Chief Executive Officer                                                                            +44(0) 20 7220 1666           

WH Ireland Limited (as Broker)

Harry Ansell and Dan Bristowe                                                                                    +44(0) 20 7220 1666

SPARK Advisory Partners Limited

Mark Brady/Miriam Greenwood                                                                                 +44(0) 20 3368 3551        

EU Market Abuse Regulation

The notifications set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.

1

Details of the person discharging managerial responsibilities

a)

Name

Phillip Wale

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

WH Ireland Group plc

b)

LEI

213800HB9TO5O4WD6S66

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 0.5 pence each

GB0009241885

b)

Nature of the transaction

Acquisition by way of a Placing

c)

Price(s) and volume(s)

Price(s)	Volume(s)
45p	32,500

d)

Aggregated information

-   Aggregated volume

-   Price

32,500

45p

e)

Date of the transaction

21 March 2019

f)

Place of the transaction

AIM

1

Details of the person discharging managerial responsibilities

a)

Name

Tim Steel

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

WH Ireland Group plc

b)

LEI

213800HB9TO5O4WD6S66

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 0.5 pence each

GB0009241885

b)

Nature of the transaction

Acquisition by way of a Placing

c)

Price(s) and volume(s)

Price(s)	Volume(s)
45p	25,000

d)

Aggregated information

-   Aggregated volume

-   Price

25,000

45p

e)

Date of the transaction

21 March 2019

f)

Place of the transaction

AIM

1

Details of the person discharging managerial responsibilities

a)

Name

Stephen Ford

2

Reason for the notification

a)

Position/status

PDMR (Head of Wealth)

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

WH Ireland Group plc

b)

LEI

213800HB9TO5O4WD6S66

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 0.5 pence each

GB0009241885

b)

Nature of the transaction

Acquisition by way of a Placing

c)

Price(s) and volume(s)

Price(s)	Volume(s)
45p	111,111

d)

Aggregated information

-   Aggregated volume

-   Price

111,111

45p

e)

Date of the transaction

21 March 2019

f)

Place of the transaction

AIM

1

Details of the person discharging managerial responsibilities

a)

Name

Adam Pollock

2

Reason for the notification

a)

Position/status

PDMR (Head of CIB)

b)

Initial notification/amendment

Initial notification

3

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

a)

Name

WH Ireland Group plc

b)

LEI

213800HB9TO5O4WD6S66

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 0.5 pence each

GB0009241885

b)

Nature of the transaction

Acquisition by way of a Placing

c)

Price(s) and volume(s)

Price(s)	Volume(s)
45p	22,222

d)

Aggregated information

-   Aggregated volume

-   Price

22,222

45p

e)

Date of the transaction

21 March 2019

f)

Place of the transaction

AIM

1 45,159 Ordinary Shares are held through Adam Pollock’s SIPP with AJ Bell Securities. In addition, Adam holds a joint interest in 200,000 Ordinary Shares with the WH Ireland Group Employee Share Ownership Trust. Further details of this interest are set out in the announcement dated 31 May 2017 

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.

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