Van Elle Holdings plc
('Van Elle', the 'Company' or the 'Group')
PDMR Share Purchase
Van Elle Holdings plc (AIM: VANL) announces that it has been notified that Mr Frank Nelson, Non-Executive Chairman, has purchased 50,000 ordinary shares of 2 pence each in the Company ("Ordinary Shares") each at a price of 37.0 pence per share. Following this purchase, Mr Nelson and those persons closely associated with him, are interested in 190,000 Ordinary Shares, representing approximately 0.18% of the Company's voting share capital.
The information below (set out in accordance with the requirements of EU Market Abuse Regulation) provides further detail:
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a. |
Name |
Mr Frank Nelson |
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2. |
Reason for the notification |
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a. |
Position/status |
Non-Executive Chairman |
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b. |
Initial notification /Amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a. |
Name |
Van Elle Holdings plc |
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b. |
LEI |
213800LQC6YL8KJT1Y18 |
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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 |
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a. |
Description of the Financial instrument, type of instrument Identification code |
Ordinary shares of 2p each ISIN: GB00BYX4TP46 |
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b. |
Nature of the transaction |
Purchase of ordinary shares |
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c. |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
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37.0p |
50,000 |
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d. |
Aggregated information - Aggregated volume - Price |
N/A |
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e. |
Date of the transaction |
14 June 2024 |
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f. |
Place of the transaction |
London Stock Exchange, AIM |
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For further information, please contact:
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Van Elle Holdings plc Mark Cutler, Chief Executive Officer Graeme Campbell, Chief Financial Officer |
Via Walbrook |
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Peel Hunt LLP (Nominated Adviser and corporate broker) Ed Allsopp Charlotte Sutcliffe Ben Harrington |
Tel: 020 7418 8900 |
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Walbrook PR Limited |
Tel: 020 7933 8780 |
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Tom Cooper Nick Rome |
07971 221 972 or 07748 325 236 |
About Van Elle Holdings plc:
Van Elle Holdings is the UK's largest specialist geotechnical engineering contractor. Formed in 1984 and listed on AIM in 2016, the Company provides a wide range of ground engineering techniques and services including ground investigation, general and specialist piling, rail geotechnical engineering, modular foundations, and ground improvement and stabilisation services.
Van Elle operates through three divisions: General Piling, Specialist Piling and Rail, and Ground Engineering Services; and is focused on diverse end markets including residential and housing, infrastructure and regional construction - across which the Group has completed more than 20,000 projects over the last 40 years. The Company acquired ScrewFast Foundations Limited in April 2021 and Rock & Alluvium Limited in November 2023.