Director/PDMR Shareholding
19 May 2021
Arrow Global Group PLC (the “Company”)
NOTIFICATION OF TRANSACTIONS OF DIRECTORS AND PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY
The notification set out below is provided in accordance with the requirements of the UK Market Abuse Regulation.
Vesting of Restricted Share Award
On 10 May 2021, a restricted share award granted on 10 May 2019 to Zachary Lewy, Founder and Group Chief Investment Officer of the Company, vested and 359,934 ordinary shares of one penny each in the capital of the Company (“Shares“) were released to Mr Lewy.
Mr Lewy sold 49,410 of the released Shares at an average price of £3.04per share to satisfy the tax liability arising as a result of the vesting and retains the balance of 310,524 Shares.
Interests of Directors and PDMRs
As a result of the above transactions, Mr Lewy is interested in the following Shares:
|
Name of PDMR |
Aggregate Shares held Beneficially (across all accounts following notifications) (a) (b) |
% of the Company’s Share Capital |
|
Zachary Lewy |
3,745,255 |
2.1% |
Notes
(a) Includes restricted share awards.
(b) Includes Shares held by Persons Closely Associated.
ENQUIRIES
|
Arrow Global |
+44 (0)7542 859 618 |
|
Louise Brace (Company Secretary) |
|
The Notification of Dealing Forms set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||
|
a) |
Name |
Zachary Lewy |
||
|
2 |
Reason for the notification |
|||
|
a) |
Position/status |
Founder and Group Chief Investment Officer |
||
|
b) |
Initial notification/ Amendment |
Initial notification |
||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||
|
a) |
Name |
Arrow Global Group Plc |
||
|
b) |
LEI |
213800CUJ6YMLEO33C88 |
||
|
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 1p each ISIN: GB00BDGTXM47 |
||
|
b) |
Nature of the transaction |
Release of shares pursuant to the vesting on 10 May 2021 of a restricted share award granted on 10 May 2019. |
||
|
c) |
Price(s) and volume(s) |
Price(s) N/A – no price was payable for the release of the shares |
Volume(s) 359,934 |
|
|
d) |
Aggregated information |
N/A |
||
|
e) |
Date of the transaction |
18 May 2021 |
||
|
f) |
Place of the transaction |
Outside a trading venue |
||
|
1 |
Details of the person discharging managerial responsibilities/person closely associated |
|||
|
a) |
Name |
Zachary Lewy |
||
|
2 |
Reason for the notification |
|||
|
a) |
Position/status |
Founder and Group Chief Investment Officer |
||
|
b) |
Initial notification/ Amendment |
Initial notification |
||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||
|
a) |
Name |
Arrow Global Group Plc |
||
|
b) |
LEI |
213800CUJ6YMLEO33C88 |
||
|
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 1p each ISIN: GB00BDGTXM47 |
||
|
b) |
Nature of the transaction |
Sale of shares to satisfy the tax liability arising as result of the vesting on 10 May 2021 of a restricted share award granted on 10 May 2019. |
||
|
c) |
Price(s) and volume(s) |
Price(s) £3.04 |
Volume(s) 49,410 |
|
|
d) |
Aggregated information |
N/A |
||
|
e) |
Date of the transaction |
18 May 2021 |
||
|
f) |
Place of the transaction |
London Stock Exchange |
||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see ourPrivacy Policy.
END
DSHGIGDUDDBDGBC