Shore Capital Group Limited
("Shore Capital" or the "Group")
Director/PDMR Dealing
Shore Capital, the independent investment group specialising in capital markets, asset management and principal finance, today announces that Puma Brandenburg Limited, an entity controlled by Howard Shore and his connected persons, purchased 1,268,737 ordinary shares in Shore Capital at a price of £2.00 per share from Aralon Resources and Investment Company Limited (the “Purchase”). As an affiliated person of a member of a concert party holding shares carrying over 50 per cent of the Company’s voting rights, the Purchase does not result in any obligation under Rule 9 of the Code to make a general offer. The resultant concert party interests are as follows:
| Shareholders | Resultant holding of ordinary shares | % of issued ordinary shares |
| Howard Shore (1) | 9,533,696 | 44.19% |
| Graham Shore (2) | 2,116,009 | 9.81% |
| Puma Brandenburg Limited | 1,268,737 | 5.88% |
| Total for the concert party | 12,918,442 | 59.88% |
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The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Puma Brandenburg Limited | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Body corporate connected with Howard Shore | |||
| 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) | ||||
| £2.00 | 1,268,737 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | 1,268,737 | ||||
| - Price | £2.00 | ||||
| e) | Date of the transaction | 1 May 2019 | |||
| f) | Place of the transaction | London Stock Exchange | |||
Enquiries:
| Shore Capital Howard Shore, Chairman Simon Fine, Co-Chief Executive David Kaye, Co-Chief Executive Lynn Bruce, Director | +44 (0) 20 7468 4050 +44 (0) 14 8172 8902 |
| Grant Thornton UK LLP (Nominated Adviser) Philip Secrett Jamie Barklem Ben Roberts | +44 (0) 20 7383 5100 |
| Montfort Communications (Public Relations) Olly Scott | +44 (0) 78 1234 5205 |
The information contained within this announcement is deemed to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014.
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.