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DJ Sandal plc Sandal Plc : Change Of Interests Of Substantial Shareholder

 
TIDMSAND 
 
 
   16 November 2016 
 
 
 
   SANDAL PLC 
 
   ("Sandal" or the "Company") 
 
 
 
   Change of Interests of Substantial Shareholder 
 
 
 
   The Company announces that it has received the following notification. 
 
 
 
   Greenbrook Industries Limited ("Greenbrook") has notified the Company on 
5 October 2016 that it has increased its interest in Sandal's total 
shares in issue to 5.97%* through a transfer of 974,455 ordinary shares 
on 5 October 2016 as follows: 
 
 
   -- 400,000 ordinary shares were transferred to Greenbrook on 5 October 2016 
      from Robin Fuller according to a Loan Agreement entered between 
      Greenbrook and Robin Fuller on 27 February 2015; and 
 
   -- 574,455 ordinary shares were transferred to Greenbrook on 5 October 2016 
      from Kingswood Asset Management (CI) Ltd ("Kingswood") according to a 
      Loan Agreement entered between Greenbrook and Kingswood on 27 February 
      2015. 
 
 
   As a result, Robin Fuller's interest in Sandal's total shares in issue 
has reduced from 2.45% to nil. Kingswood's interest in Sandal's total 
shares in issue has reduced from 3.69% to 0.17%. 
 
 
 
   As at 14 November 2016, Sandal's capital consists of 16,313,902 ordinary 
shares of 2p each. Therefore, the total number of voting rights in the 
Company is 16,313,902. This figure may 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 and Transparency Rules. 
 
 
 
   * Greenbrook transferred their entire holding of 3,858,845 ordinary 
shares of 2p each to the Greenbrook Industries Limited Retirement 
Benefits Scheme ("GILRBS") on 24 April 2015. Greenbrook and GILRBS 
together hold 4,833,300 ordinary shares, equivalent to 29.63% of 
Sandal's total ordinary shares in issue. 
 
 
 
   The Directors of Sandal take responsibility for this announcement. 
 
 
 
   Enquiries: 
 
 
 
 
 
 
                           Alan Tadd (CEO) 
Sandal Plc                  Oliver Tadd (Director)    01279 422022 
Daniel Stewart & Company   Peter Shea 
 (Corporate Adviser)        Daphne Zhang             0207 776 6550 
MB Communications          Maxine Barnes              07860 489571 
 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Sandal plc via Globenewswire 
 
 
  http://www.sandal-plc.co.uk/ 
 

(END) Dow Jones Newswires

November 16, 2016 12:27 ET (17:27 GMT)