LONDON--(BUSINESS WIRE)--
8 September 2016
Panmure Gordon & Co. plc
(“the Company”)
Purchase of shares
The Company was notified on 7 September 2016 that the Panmure Gordon & Co. plc No. 2 Employee Benefit Trust (“the EBT”) purchased 20,000 ordinary shares at a price of £0.48 each on 7 September 2016. These shares are to be held in the EBT and are intended to be used to satisfy share awards made under the Company’s Performance Share Plan or other future plans. The EBT is a discretionary trust for the benefit of employees including the executive directors of the Company.
PraxisIFM Trustees Limited, as Trustees of the EBT, already held 1,103,836 ordinary shares in the Company, 223,784 of which are the subject of share options granted to employees under the Company’s 2005 Employee Share Option Plan. The EBT’s total holding, following an exercise of an option, is now therefore 1,123,836 ordinary shares, representing 7.23% of the Company’s issued share capital.
| Enquiries: | ||
| Anne-Marie Palmer | 020 7886 2500 | |
| Company Secretary | ||
| Philip Secrett/Jen Clarke/Salman Khawaja | ||
| Grant Thornton Corporate Finance (Nominated Adviser) | 020 7383 5100 | |