29 September 2016
MJ Gleeson Plc
("the Company")
Notification of Transaction by Director
In accordance with DTR 3.1 and Article 19 of The Market Abuse Regulation, the Company announces that it was notified on 28 September 2016 that North Atlantic Smaller Companies Investment Trust PLC, part of Harwood Capital LLP, to which Christopher Mills, Director of the Company is a beneficiary, sold 1,000,000 ordinary shares at an average price of 600 pence per Ordinary Share. As a consequence of this transaction Mr. Mills' is directly and indirectly interested, including those held by Related Persons, in 10,055,000 shares:
| Shareholder
| Shares Sold
| Total held now | Percentage of Issued Share Capital |
| North Atlantic Smaller Companies Investment Trust plc | 1,000,000 | 8,000,000 | 14.78% |
| Oryx International Growth Fund Ltd | 0 | 2,000,000 | 3.70% |
| Roy Nominees | 0 | 55,000 | 0.10% |
| Total | | 10,055,000 | 18.58% |
Following the above disposal, his current shareholding, including those held by Related Persons, is as follows:
| 1. | Details of PDMR / person closely associated with them ('CAP') | |||||||||
| a) | Name | Christopher Mills | ||||||||
| b) | Position / status | Director | ||||||||
| c) | Initial notification / amendment | Initial notification | ||||||||
| 2. | 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 | Ordinary Shares of £0.02 each | ||||||||
| b) | Nature of the transaction | Disposal via indirect holding through North Atlantic Smaller Companies Investment Trust PLC, part of Harwood Capital LLP. | ||||||||
| c)
| Price(s) and volume(s)
|
Note: this was a single transaction. | ||||||||
| d) | Aggregated information Aggregated volume Price | Not applicable - single transaction.
| ||||||||
| e) | Date of the transaction
| 28 September 2016
| ||||||||
| f) | Place of the transaction
| London Stock Exchange (XLON)
| ||||||||
Enquiries:
S Allanson
Chief Financial Officer
MJ Gleeson plc Tel: 01142 612900