Transaction in Own Shares • Apr 17, 2018
Transaction in Own Shares
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National Storage Mechanism | Additional information
RNS Number : 0830L
Venture Life Group PLC
17 April 2018
Venture Life Group plc
("Venture Life" or "the Company")
Director/PDMR Shareholding
Venture Life (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the self-care market announces that, on 16 April 2018, Gianluca Braguti, a Director of the Company, transferred a total of 2.3 million ordinary shares of 0.3p each in the Company for nil consideration, subject to the terms of a lock-in deed as described below, to his two sons and his former wife (the 'Locked-in Parties'). Following the transaction, Gianluca Braguti's beneficial interest is 4,785,459 ordinary shares representing 13.0 per cent. of the Company's issued share capital.
The Locked-in Parties have agreed not to dispose of their holdings in the Company (the 'Locked-in Shares') for a period of 24 months commencing on the date when the relevant ordinary shares are registered in the name of a Locked-in Party (the 'Lock-in Period'). In addition, the Locked-in Parties have agreed to an orderly market arrangement whereby, following expiry of the Lock-in Period for as long as Gianluca Braguti is a Director of the Company, they will only dispose of their Locked-in Shares via the Company's broker. The Locked-In Parties have also agreed that, for as long as Gianluca Braguti is a Director of the Company, all voting rights attached to their Locked-in Shares will be exercised as directed by him.
Enquiries
| Venture Life Group PLC | +44 (0) 1344 578 004 | |
| Jerry Randall, Chief Executive Officer | ||
| Adrian Crockett, Chief Financial Officer | ||
| Northland Capital Partners Limited (Nominated Adviser and Joint Broker) | +44 (0) 20 3861 6625 | |
| Matthew Johnson/Edward Hutton (Corporate Finance) | ||
| Bob Pountney (Corporate Broking) | ||
| Turner Pope Investments (TPI) Ltd (Joint Broker) | +44 (0) 20 3621 4120 | |
| Andy Thacker | ||
| Walbrook PR | [email protected] or +44 (0) 20 7933 8780 | |
| Paul McManus/Anna Dunphy | +44 (0) 7980 541 893 / +44 (0) 7876 741 001 | |
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 | Gianluca Braguti |
| 2 | Reason for the notification | |
| a) | Position/status | Director |
| b) | Initial notification /Amendment | Initial Notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Venture Life Group plc |
| b) | LEI | 213800S8CZUPLAB2KC70 |
| 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 | Ordinary Shares of 0.3p each in Venture Life Group plc |
| b) | Identification code | GB00BFPM8908 |
| c) | Nature of the transaction | Disposal |
| d) | Price and volumes | Price: nil consideration Volumes: 2.3 million Ordinary Shares |
| d) | Aggregated information - Aggregated volume - Price |
N/a |
| e) | Date of the transaction | 16 April 2018 |
| f) | Place of the transaction | Outside a trading venue |
This information is provided by RNS
The company news service from the London Stock Exchange
END
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