Shore Capital Group Limited
("Shore Capital" or the "Company")
Transaction in Own Shares and PDMR Dealings
Shore Capital announces that it has today purchased for cancellation 621,598 of its ordinary shares of no par value ("Ordinary Shares") at a price of £2.38 per share.
The following directors or persons discharging managerial responsibilities (or entities managed or beneficially owned by them) have purchased Ordinary Shares at a price of £2.38:
| Name | Number of Ordinary Shares Held Prior to Purchase | Number of Ordinary Shares Purchased | Resultant Aggregate Holding of Ordinary Shares |
| Lynn Bruce | 27,027 (0.12%) | 22,973 | 50,000 (0.24%) |
| Simon Fine | 233,407 (1.07%) | 50,000 | 283,407 (1.34%) |
| Davie Kaye | 7,994 (0.04%) | 50,000 | 57,994 (0.27%) |
| Dr Zvi Marom | 45,182 (0.21%) | 50,000 | 95,182 (0.45%) |
| Michael van Messel and connected persons | 218,502 (1.00%) | 348,625 | 567,127 (2.68%) |
| James Rosenwald | 138,412 (0.64%) | 400,000 | 538,412 (2.55%) |
Copies of PDMR notification forms for each of them are set out below.
An existing institutional shareholder in the Company has sold its entire holding of 1,543,196 Ordinary Shares at a price of £2.38.
Total Voting Rights
Following the transactions referred to above, the Company's issued share capital (excluding shares held as treasury shares) as at 3 May 2017 consists of 21,147,193 Ordinary Shares which equates to the total number of voting rights in the Company.
The above figure of 21,147,193 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
- Ends -
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Enquiries:
| Shore Capital Lynn Bruce | +44 (0) 14 8172 4222 |
| Grant Thornton UK LLP (Nominated Adviser) Philip Secrett Jamie Barklem Carolyn Sansom | +44 (0) 20 7383 5100 |
| Bell Pottinger (Public Relations) Jonathan Hodgkinson | +44 (0) 20 3772 2500 |
About Shore Capital
Shore Capital is an AIM quoted independent investment group. Founded and majority owned by entrepreneurs, for three decades Shore Capital has been helping entrepreneurial businesses reach their full potential, find committed long term investors and develop into significant enterprises. The business offers innovative corporate advice; a leading market-making business; some of the most respected investment research available in the UK; and a diverse range of high quality investment opportunities, including its hugely successful VCTs and principal finance activities.
The Group is based in Guernsey, London, Liverpool, Edinburgh and Berlin. Shore Capital Stockbrokers Limited, Shore Capital and Corporate Limited, Shore Capital Limited and Puma Investment Management Limited are each authorised and regulated by the Financial Conduct Authority. Shore Capital Stockbrokers Limited is a member of the London Stock Exchange.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Lynn Bruce | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Director | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Shore Capital Group Limited | |||
| b) | LEI | 2138002TLQU3X2QPRE66 | |||
| 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 | |||
| Identification code | GG00BGCZJ741 | ||||
| b) | Nature of the transaction | Purchase of Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 2.38 | 22,973 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 03 May 2017 | |||
| f) | Place of the transaction | London Stock Exchange | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Simon Fine | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Officer | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Shore Capital Group Limited | |||
| b) | LEI | 2138002TLQU3X2QPRE66 | |||
| 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 | |||
| Identification code | GG00BGCZJ741 | ||||
| b) | Nature of the transaction | Purchase of Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 2.38 | 50,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 03 May 2017 | |||
| f) | Place of the transaction | London Stock Exchange | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | David Kaye | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Officer | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Shore Capital Group Limited | |||
| b) | LEI | 2138002TLQU3X2QPRE66 | |||
| 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 | |||
| Identification code | GG00BGCZJ741 | ||||
| b) | Nature of the transaction | Purchase of Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 2.38 | 50,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 03 May 2017 | |||
| f) | Place of the transaction | London Stock Exchange | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Dr Zvi Marom | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Director | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Shore Capital Group Limited | |||
| b) | LEI | 2138002TLQU3X2QPRE66 | |||
| 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 | |||
| Identification code | GG00BGCZJ741 | ||||
| b) | Nature of the transaction | Purchase of Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 2.38 | 50,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 03 May 2017 | |||
| f) | Place of the transaction | London Stock Exchange | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name |
| |||
| 2 | Reason for the notification | ||||
| a) | Position/status |
| |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Shore Capital Group Limited | |||
| b) | LEI | 2138002TLQU3X2QPRE66 | |||
| 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 | |||
| Identification code | GG00BGCZJ741 | ||||
| b) | Nature of the transaction | Purchase of Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 2.38 | 1) 198,625 | ||||
| 2) 75,000 | |||||
| 3) 75,000 | |||||
| d) | Aggregated information | ||||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 03 May 2017 | |||
| f) | Place of the transaction | London Stock Exchange | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | James Rosenwald | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Director | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Shore Capital Group Limited | |||
| b) | LEI | 2138002TLQU3X2QPRE66 | |||
| 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 | |||
| Identification code | GG00BGCZJ741 | ||||
| b) | Nature of the transaction | Purchase of Shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| 2.38 | 400,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | |||||
| - Price | |||||
| e) | Date of the transaction | 03 May 2017 | |||
| f) | Place of the transaction | London Stock Exchange | |||