TIDMANX
RNS Number : 0231H
Anexo Group PLC
04 April 2022
4 April 2022
For immediate release
Anexo Group plc
('Anexo' or the 'Group')
Issue of shares pursuant to Anexo's Management Incentive Plan
("MIP")
Anexo Group plc (AIM: ANX), the specialist integrated credit
hire and legal services provider, announces the issue and allotment
of, in aggregate, 1,990,294 ordinary shares of 0.05 pence in the
capital of Anexo ('MIP Shares') to selected employees including the
following persons discharged with managerial responsibilities
('PDMRs'), Mark Bringloe and Dawn O'Brien, (together the 'MIP
Participants') giving effect to the MIP terms as originally agreed
at the time of the Company's initial public offering ('IPO').
On 31 March 2022, pursuant to the terms of the MIP, each of the
MIP Participants elected to receive their respective award in two
tranches ('Tranche 1' and 'Tranche 2') with each tranche
representing 50% of the MIP award. Both Tranche 1 and Tranche 2
were settled in accordance with the terms of the MIP, by the issue
and allotment to each MIP Participant of the number of MIP Shares
set out in the table below, in full satisfaction of the award.
Pursuant to the terms of the MIP, each of the MIP Participants
will be restricted from disposing of 50% of the MIP Shares issued
pursuant to each of Tranche 1 and Tranche 2 to such MIP Participant
for the period of one year from each respective date of issue.
MIP Shares Issued Total MIP Shares Percentage of enlarged
Issued issued share capital
MIP Participant Tranche 1 Tranche
2
---------- --------
Mark Bringloe 242,718 242,718 485,436 0.411%
---------- -------- ----------------- -----------------------
Dawn O'Brien 242,718 242,718 485,436 0.411%
---------- -------- ----------------- -----------------------
Other individuals 509,711 509,711 1,019,422 0.864%
---------- -------- ----------------- -----------------------
TOTAL: 995,147 995,147 1,990,294 1.686%
---------- -------- ----------------- -----------------------
Admission and Total Voting Rights
Application has been made for the 1,990,294 new MIP Shares to be
admitted to trading on AIM ('Admission'). It is expected that
Admission and dealings in those shares will commence at 8.00 a.m.
on 6 April 2022.
The Company advises that, immediately following Admission, there
will be 117,990,294 Ordinary Shares in issue, with one voting right
each. Accordingly, this number should 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 under the FCA's Disclosure Guidance
and Transparency Rules.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation as it forms part of UK domestic
law by virtue of the European Union (Withdrawal) Act 2018, provides
further detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Bringloe
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Anexo Group plc
-------------------------- ---------------------------------------------
b) LEI 213800CJHD5C8M4MEY87
-------------------------- ---------------------------------------------
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 Ordinary Shares of 0.05p each
financial instrument,
type of instrument
Identification code ISIN: GB00BF2G3L29
-------------------------- ---------------------------------------------
b) Nature of the transaction Grant of new ordinary shares pursuant to the
terms of a Management Incentive Plan
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price No. of shares
--------------
103p 485,436
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume Volume: 485,436
- Price Weighted average price: 103p
-------------------------- ---------------------------------------------
e) Date of the transaction 31 March 2022
-------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ---------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dawn O'Brien
-------------------------- ---------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Director
-------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Anexo Group plc
-------------------------- ---------------------------------------------
b) LEI 213800CJHD5C8M4MEY87
-------------------------- ---------------------------------------------
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 Ordinary Shares of 0.05p each
financial instrument,
type of instrument
Identification code ISIN: GB00BF2G3L29
-------------------------- ---------------------------------------------
b) Nature of the transaction Grant of new ordinary shares pursuant to the
terms of a Management Incentive Plan
-------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price No. of shares
103p 485,436
--------------
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume Volume: 485,436
- Price Weighted average price: 103p
-------------------------- ---------------------------------------------
e) Date of the transaction 31 March 2022
-------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange, AIM
-------------------------- ---------------------------------------------
-Ends-
For further enquiries:
Anexo Group plc +44 (0) 151 227 3008
www.anexo-group.com
Alan Sellers, Executive Chairman
Mark Bringloe, Chief Financial Officer
Nick Dashwood Brown, Head of Investor Relations
Arden Partners plc +44 (0) 20 7614 5900
(Nominated Adviser and Joint Broker) www.arden-partners.co.uk
John Llewellyn-Lloyd/Louisa Waddell/Alexandra
Campbell-Harris (Corporate Finance)
Tim Dainton (Equity Sales)
Panmure Gordon +44 (0)20 7 886 2500
(Joint Broker) www.panmure.com
Ed Walsh/Dominic Morley
Notes to Editors:
Anexo is a specialist integrated credit hire and legal services
provider. The Group has created a unique business model by
combining a direct capture Credit Hire business with a wholly owned
Legal Services firm. The integrated business targets the
impecunious not at fault motorist, referring to those who do not
have the financial means or access to a replacement vehicle.
Through its dedicated Credit Hire sales team and network of
1,100 plus active introducers around the UK, Anexo provides
customers with an end-to-end service including the provision of
Credit Hire vehicles, assistance with repair and recovery, and
claims management services. The Group's Legal Services division,
Bond Turner, provides the legal support to maximise the recovery of
costs through settlement or court action as well as the processing
of any associated personal injury claim.
The Group was admitted to trading on AIM in June 2018 with the
ticker ANX.
For additional information please visit: www.anexo-group.com
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END
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