Novae Group plc: Director/PDMR Shareholding

1 Details of the person discharging managerial responsibilities/ person closely associated ("PCA")
a)NameMatthew Fosh
2 Reason for the notification
a)Position/status Chief Executive Officer (Director)

 
b)Initial notification/ Amendment Initial notification

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

 
a)NameNovae Group plc
b)LEI2138009C2W2RFXX3ZZ32
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 £1.125

 

 

GB00B40SF849
b) Nature of the transaction

 
Acquisition and sale of Ordinary Shares following the vesting of Tranche 1 under the Novae Group plc Deferred Bonus Plan ("DBP") 2016 award. Upon vesting 11,580 Ordinary Shares were sold to cover tax and National Insurance Contributions and 13,008 Ordinary Shares were retained.
c) Price(s) and volume(s)

 
Price(s)Volume(s)
GBP6.2611,580 (sold)
GBP6.2613,008 (acquired)
d) Aggregated information
  • Aggregated volume
  • Price
 

24,588
GBP6.26
e)Date of the transaction15 March 2017
f)Place of the transaction London Stock Exchange (XLON)

 

1 Details of the person discharging managerial responsibilities/ person closely associated ("PCA")
a)NameReeken Patel
2 Reason for the notification
a)Position/status  Chief Financial Officer (Director)

 
b)Initial notification/ Amendment Initial notification

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

 
a)NameNovae Group plc
b)LEI2138009C2W2RFXX3ZZ32
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 £1.125

 

 

GB00B40SF849
b) Nature of the transaction

 
Acquisition and sale of Ordinary Shares following the vesting of Tranche 1 under the Novae Group plc Deferred Bonus Plan ("DBP") 2016 award. Upon vesting 8,034 Ordinary Shares were sold to cover tax and National Insurance Contributions and 9,025 Ordinary Shares were transferred to his spouse.
c) Price(s) and volume(s)

 
Price(s)Volume(s)
GBP6.268,034 (sold)
GBP6.269,025 (acquired and transferred to spouse)
d) Aggregated information
  • Aggregated volume
  • Price
 

17,059
GBP6.26
e)Date of the transaction15 March 2017
f)Place of the transaction London Stock Exchange (XLON)

 

1 Details of the person discharging managerial responsibilities/ person closely associated ("PCA")
a)NameJonathan Butcher 
2 Reason for the notification
a)Position/status  Chief Executive Officer - Novae Syndicates Limited (PDMR)

 
b)Initial notification/ Amendment Initial notification

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

 
a)NameNovae Group plc
b)LEI2138009C2W2RFXX3ZZ32
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 £1.125

 

 

GB00B40SF849
b) Nature of the transaction

 
Acquisition and sale of Ordinary Shares following the vesting of Tranche 1 under the Novae Group plc Deferred Bonus Plan ("DBP") 2016 award. Upon vesting 5,541 Ordinary Shares were sold to cover tax and National Insurance Contributions and 6,224 Ordinary Shares were retained.
c) Price(s) and volume(s)

 
Price(s)Volume(s)
GBP6.265,541 (sold)
GBP6.266,224 (acquired)
d) Aggregated information
  • Aggregated volume
  • Price
 

11,765
GBP6.26
e)Date of the transaction15 March 2017
f)Place of the transaction London Stock Exchange (XLON)

 

1 Details of the person discharging managerial responsibilities/ person closely associated ("PCA")
a)NameRobert Forster
2 Reason for the notification
a)Position/status  Chief Underwriting Officer (PDMR)

 
b)Initial notification/ Amendment Initial notification

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

 
a)NameNovae Group plc
b)LEI2138009C2W2RFXX3ZZ32
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 £1.125

 

 

GB00B40SF849
b) Nature of the transaction

 
Acquisition and sale of Ordinary Shares following the vesting of Tranche 1 under the Novae Group plc Deferred Bonus Plan ("DBP") 2016 award. Upon vesting 5,541 Ordinary Shares were sold to cover tax and National Insurance Contributions and 6,224 Ordinary Shares were transferred to his spouse.
c) Price(s) and volume(s)

 
Price(s)Volume(s)
GBP6.265,541 (sold)
GBP6.266,224 (acquired and transferred to spouse)
d) Aggregated information
  • Aggregated volume
  • Price
 

11,765
GBP6.26
e)Date of the transaction15 March 2017
f)Place of the transaction London Stock Exchange (XLON)

 

Employee Benefit Trust holdings
The Trustee has today notified Novae Group plc (the "Company") that following the transactions detailed above the Trustee holds a total of 1,872,057 Shares, representing 2.9% of the Company's issued ordinary share capital. The executive directors and PDMRs of the Company, together with other employees, are potential beneficiaries under the trust and therefore are treated as having an interest in such shares.

The Company's issued ordinary share capital consists of 64,425,640 Ordinary shares of £1.125.

For further enquiries:
A Moon                                                               
Group Company Secretary             020 7050 9000




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Novae Group plc via GlobeNewswire

HUG#2088437