Maintel Holdings PLC Director/PDMR Shareholding (8104V)
April 20 2016 - 8:30AM
UK Regulatory
TIDMMAI
RNS Number : 8104V
Maintel Holdings PLC
20 April 2016
Maintel Holdings Plc ("Maintel" or "the Company")
Director/PDMR Shareholding
The Company was notified today that on 20 April 2016, Angus
McCaffery, Executive Director of Maintel, granted security over
2,047,688 Ordinary Shares against a bank loan made to him (the
"Loan"). This security is expected to be effected on 26 April 2016.
Subject to, inter alia, Admission, the Loan will be used to buy
142,857 Ordinary Shares pursuant to Mr McCaffery's participation in
the Placing (the "Placing Shares"), as announced at 2.00 p.m. on 8
April 2016. Upon Admission, Mr McCaffery has also undertaken to
grant security over the Placing Shares. These pledged shares
represent 19.0 per cent. of the Company's current issued share
capital and upon Admission, will represent 15.4 per cent. of the
Company's Enlarged Share Capital.
Mr McCaffery intends to redeem the pledged Ordinary Shares when
the Loan is repaid.
The loan facility has been arranged and the funding provided by
a bank. Under the terms of the share charge, until the bank makes
demand for payment, the bank will hold all dividends for the
account of Mr McCaffery and will exercise all voting rights as Mr
McCaffery reasonably directs.
Mr McCaffery's beneficial shareholding in Maintel remains
unchanged and currently totals 2,055,779 Ordinary Shares
(representing approximately 19.1 per cent. of the current issued
share capital of the Company).
Enquiries:
Maintel Holdings plc
Dale Todd - Company Secretary 020 7401 0562
finnCap
Jonny Franklin-Adams / Emily Watts 020 7220 0500
Defined terms used in this announcement will have the meaning
(unless the context otherwise requires) as set out in the Admission
Document which is available on the Company's website
www.maintel.co.uk. This announcement should be read in conjunction
with the Admission Document published by the Company on 8 April
2016.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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