The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
29 January 2020
Accrol Group Holdings plc
(AIM: ACRL)
Director's Dealing
Accrol Group Holdings plc (the 'Company' or 'Accrol'), the AIM-listed leading independent tissue converter, announces that, Dan Wright, Executive Chairman of Accrol purchased 1,000,000 ordinary shares of £0.001 each ('Ordinary Shares') on 28 January 2020 at a price of 38.0p per Ordinary Share. Following this purchase, he now holds 4,077,808 Ordinary Shares representing 2.09% of the current Issued Share Capital of the Company.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, 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
Dan Wright
2
Reason for the notification
a)
Position/status
Executive Chairman
b)
Initial notification /Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Accrol Group Holdings plc
b)
LEI
213800MC56M5G69RJ226
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 £0.001
ISIN: GB00BZ6VT592
b)
Nature of the transaction
Purchase of Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
38.0p
Volume(s)
1,000,000
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
28 January 2020
f)
Place of the transaction
London Stock Exchange, AIM
Enquiries:
For further information, please contact:
Accrol Group Holdings plc
Dan Wright, Executive Chairman
+44 (0) 1254 278 844
Gareth Jenkins, Chief Executive Officer
+44 (0) 1254 278 844
Zeus Capital Limited(Nominated Adviser & Broker)
Dan Bate / Nick Cowles
+44 (0) 161 831 1512
Dominic King / John Goold
+44 (0) 203 829 5000
Belvedere Communications Limited
Cat Valentine (cvalentine@belvederepr.com)
+44 (0) 7715 769 078
Keeley Clarke (kclarke@belvederepr.com)
+44 (0) 7967 816 525
Llew Angus (langus@belvederepr.com)
+44 (0) 7407 023 147
Notes to Editors
Accrol Group Holdings plc, based in Lancashire, is a leading tissue converter and supplier of toilet rolls, kitchen rolls and facial tissues, as well as other tissue products, to major discounters and grocery retailers throughout the UK.
The business operates from four sites in Lancashire:
·
A manufacturing, storage and distribution facility in Blackburn;
·
A storage and administrative centre in Blackburn;
·
A facial tissue plant, also in Blackburn; and
·
A manufacturing, storage and distribution facility in Leyland.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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Accrol Group Holdings plc published this content on 29 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 January 2020 07:59:01 UTC
Accrol Group Holdings plc is a United Kingdom-based holding company. The principal activity of the Company is that of soft tissue paper converters, supplying private label toilet tissue, kitchen towel, facial tissue and wet wipes to discounters and grocery retailers. The Company's brands include Softy Facial Tissues, Elegance Toilet Tissue and Wipes, Magnum kitchen roll and Little Heroes. Softy facial tissue is designed for everyday needs and is available in a variety of sizes and styles, including extra-large, compact, anti-bacterial balm and pocket packs. Elegance is a complete range of toilet tissue. Its product range includes pillow-soft, feather-soft, cloud soft, and fine-to-flush-approved moist toilet tissue wipes. Its Magnum kitchen roll range includes Super, Ultra, Mighty and Magnum Force. Little Heroes is a full range of wipes, which includes gentle, sensitive, biodegradable, anti-viral, plus fine to flush toddler toilet training wipes.