The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
1 February 2017
BELVOIR!
BELVOIR LETTINGS PLC
(the "Company", the "Group" or "Belvoir")
Director Dealings
The Company has been notified that Mike Goddard, Chairman of the Company, was today gifted 98,356 ordinary shares of 1p each in the Company ("Ordinary Shares") from his father for nil consideration.
Following this transaction Mike Goddard holds 7,271,921 Ordinary Shares, representing approximately 21.10% of total issued share capital and voting rights of the company.
| Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 | ||||||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||
| a. | Name | Mike Goddard | ||||||
| 2 | Reason for notification |
| ||||||
| a. | Position/Status | Chairman and CEO | ||||||
| b. | Initial notification/ Amendment | Initial Notification | ||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
| a. | Name | Belvoir Lettings PLC | ||||||
| b. | LEI | N/A | ||||||
| 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 financial instrument, type of instrument | Outside a trading venue
ISIN: GB00B4QY1P51 | ||||||
| b. | Nature of the transaction | Gift of Ordinary Shares for no consideration.
| ||||||
| c. | Price(s) and volume(s) | | | | | | ||
| | Price(s) | Volume(s) | | |||||
| £0
| 98,356 | | ||||||
| | ||||||||
| d. | Aggregated information - Aggregated Volume
- Price |
98,356
£0 | ||||||
| e. | Date of the transaction | 31 January 2017 | ||||||
| f. | Place of the transaction | London Stock Exchange | ||||||
For further details:
|
Belvoir Lettings PLC Mike Goddard, Chairman and CEO Louise George, Chief Financial Officer
|
01476 584900 |
| Cantor Fitzgerald Europe Rick Thompson, Phil Davies, Michael Reynolds
| 020 7894 7000
|
| Buchanan Charles Ryland, Victoria Hayns, Madeleine Seacombe |
0207 466 5000 |
| | |
About Belvoir Lettings PLC
Founded in 1995, Belvoir is the UK's largest property franchise group, with 302 outlets nationwide.
Since listing on AIM in February 2012 (BLV.L), Belvoir has continued to diversify its core business offer in lettings by broadening into property sales. Operating from its Central Office in Grantham, Lincolnshire, the Group now offers a range of specialist services in property rental, property management, residential lettings, buy to let and property sales.
Belvoir's core revenue is derived from Management Service Fees (MSF); a reliable recurring revenue model which allows the Group to offer franchisees significant support and advice.
In 2015 Belvoir launched its multi-brand franchising strategy; acquiring Newton Fallowell Limited, an East Midlands-based network of 31 outlets in July 2015 and Goodchilds Estate Agents and Lettings Limited, a West Midlands-based network of 14 outlets in October 2015. In June 2016 Belvoir acquired Northwood GB Limited, a network of 86 residential lettings and property sales agents operating across the UK, making Belvoir the largest property franchise group in the UK.
Belvoir continues to grow organically by delivering award winning service, prioritising franchisee recruitment and supporting franchisee acquisitions. In recognition, Belvoir was awarded the "Best Lettings Agency Franchise Award" at the 2016 Lettings Agency of the Year Awards for the sixth time since the awards started seven years ago.
The Company remains committed to diversifying its brand portfolio, utilising the Group's strong franchising expertise and infrastructure, in order to capitalise on a consolidating market.