Hays plc (the "Company") has been notified that, on 7 September 2018, Paul Venables, Finance Director of the Company, sold 1,019,390 shares in the Company on the London Stock Exchange at a price of 203.995 pence per share. This divestment was part of a planned asset diversification strategy.
Mr Venables retains an interest in 1,619,825 ordinary shares in the Company, owned beneficially or subject to a holding period, with a value of 609% of his salary, and interests through the Company's options and performance-based incentive schemes in a further 1,741,607 shares in the Company.
This significantly exceeds his requirement to hold shares valued at over 200% of salary.
1 |
Details of the person discharging managerial responsibilities / person closely associated |
a) |
Name |
Paul Venables |
b) |
Position/status |
FD, PDMR |
c) |
Initial notification /Amendment |
Initial Notification |
2 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
Hays plc |
b) |
LEI |
213800QC8AWD4BO8TH08 |
3 |
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 Code: GB0004161021 |
b) |
Nature of the transaction |
The on-market sale of 1,019,390 ordinary shares in Hays plc. |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
£2.03995 |
1,019,390 |
|
d) |
Aggregated information - Aggregated volume - Price |
N/A |
e) |
Date of the transaction |
7 September 2018 |
f) |
Place of the transaction |
London Stock Exchange |