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DJ Vulcan Industries Plc Issue of Equity and Directors' Dealings

 
TIDMVULC 
 
Vulcan Industries plc 
 
                          ("Vulcan" or the "Company") 
 
                     Equity Issue and Directors' Dealings 
 
Equity Issue 
 
Vulcan Industries plc (AQSE: VULC) is pleased to announce that it has raised 
GBP179,000 (gross) from investors and employees for general working capital 
purposes. The Company has extended the deadline for its employees to 
participate in its fundraising and, in this round, it has raised GBP65,000 from 
employees who subscribed for a total of 3,250,000 ordinary shares at 2p per 
share. This round is now closed. The Company has raised a further GBP5,000 at 
3p and GBP114,000 at 4.25p per share from new investors who subscribed for a 
total of 2,731,373 ordinary shares. 
 
In addition, certain directors and advisers to the Company have undertaken to 
be issued a total of 5,833,333 ordinary shares at 3p per share in lieu of fees 
in the amount of GBP175,000 relating up to and including the IPO. 
 
Directors' Dealings 
 
Pursuant to the announcement above, certain directors have agreed to convert 
their fees relating to services leading up to and including the IPO into 
ordinary shares in the Company. Their names and the details of their 
shareholdings are set out below: 
 
Director / PDMR      Fees       Shares       Total shareholding as 
                                Issued         % of total Issued 
                                                    Capital 
 
Ian Tordoff          GBP76,500  2,549,998            3.25% 
(Chairman) 
 
John Hunter Maxwell  GBP34,667  1,155,556            1.29% 
(CEO) 
 
Admission 
 
Application has been made for the 11,814,706 placing shares to be admitted to 
trading on Aquis Stock Exchange ('Admission'). Admission is expected to occur 
at 8:00am on or around 17 June 2020. 
 
Total Voting Rights 
 
Following Admission, the Company's issued share capital will comprise 
244,423,038 ordinary shares of GBP0.0004 each, with each share carrying the right 
to one vote. 
 
The Company does not hold any ordinary shares in treasury. The above figure of 
244,423,038 may therefore 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 of a change to their interest in the Company under the FCA's 
Disclosure and Transparency Rules. 
 
About Vulcan 
 
Vulcan seeks to acquire and consolidate traditional but historically profitable 
engineering, manufacturing and industrial SMEs for value and to enhance this 
value in part through group synergies, but primarily by unlocking growth which 
is not being achieved as a standalone private company. The Group will also try 
to optimise productivity through the introduction of new technologies and 
processes in line with Industry 4.0. 
 
For further information, visit: https://vulcanplc.com 
 
Contacts 
 
Vulcan Industries plc                             Via Vox Markets 
 
Ian Tordoff, Chairman 
 
John Maxwell, CEO 
 
First Sentinel Corporate Finance Ltd (AQSE        +44 7876 888 011 
Corporate Adviser) 
 
Brian Stockbridge 
 
Gabrielle Cordeiro 
 
Vox Markets (Media and Investor Relations)        vulcan@voxmarkets.co.uk 
 
Kat Perez                                         +44 7881 622 830 
 
Paul Cornelius                                    + 44 7866 384 707 
 
 
 
1   Details of the person discharging managerial responsibilities / person 
    closely associated 
 
a)  Name                      Ian Tordoff 
 
2   Reason for the notification 
 
a)  Position/status           Chairman 
 
b)  Initial notification /    Initial Notification 
    Amendment 
 
3   Details of the issuer, emission allowance market participant, auction 
    platform, auctioneer or auction monitor 
 
a)  Name                      Vulcan Industries plc 
 
b)  LEI                       213800DVP6NKMCZ9SL47 
 
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 GBP0.0004 each 
    financial instrument, 
    type of instrument 
 
    Identification code       GB00BKMDX634 
 
b)  Nature of the 
    transaction 
 
c)  Price(s) and volume(s) 
 
                                 Price(s)            Volume(s) 
 
                                 3p                  2,549,998 
 
d)  Aggregated information 
 
    - Aggregated volume       n/a 
 
    - Price                   n/a 
 
e)  Date of the transaction   11 June 2020 
 
f)  Place of the transaction  Outside a trading venue 
 
 
 
1   Details of the person discharging managerial responsibilities / person 
    closely associated 
 
a)  Name                      John Hunter Maxwell 
 
2   Reason for the notification 
 
a)  Position/status           Chief Executive 
 
b)  Initial notification /    Initial Notification 
    Amendment 
 
3   Details of the issuer, emission allowance market participant, auction 
    platform, auctioneer or auction monitor 
 
a)  Name                      Vulcan Industries plc 
 
b)  LEI                       213800DVP6NKMCZ9SL47 
 
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 GBP0.0004 each 
    financial instrument, 
    type of instrument 
 
    Identification code       GB00BKMDX634 
 
b)  Nature of the 
    transaction 
 
c)  Price(s) and volume(s) 
 
                                 Price(s)            Volume(s) 
 
                                 3p                  1,155,556 
 
d)  Aggregated information 
 
    - Aggregated volume       n/a 
 
    - Price                   n/a 
 
e)  Date of the transaction   11 June 2020 
 
f)  Place of the transaction  Outside a trading venue 
 
 
 
END 
 

(END) Dow Jones Newswires

June 12, 2020 02:00 ET (06:00 GMT)