Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1. Details of the person discharging managerial responsibilities / person closely associated
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a) Names
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Gary Elden
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2. Reason for the notification
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a) Position/status
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CEO
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b) Initial notification /Amendment
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Initial notification
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3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) Name
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SThree plc
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b) LEI
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2138003NEBX5VRP3EX50
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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
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a) Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 1p
GB00B0KM9T71
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b) Nature of the transaction
Reduction in holding
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Lawyers have today confirmed that some 510,000 shares which were previously pledged by Gary Elden as security in connection with a loan facility, arranged by him for the sole purpose of an acquisition of residential property (as previously announced on 5 November 2012), are no longer considered recovererable, having been misappropriated by a financial intermediary. The shares remain the subject of legal proceedings.
Gary's total holding is now 2,176,587 shares (1.66% of share capital), excluding any unvested shares held under SThree's share plans.
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c) Price(s) and volume(s)
Reduction in holding
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Names
Gary Elden
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Price(s)
N/A
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Volume(s)
510,000
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d) Aggregated information
- Aggregated volume
- Price
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N/A
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e) Date of the transaction
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25 October 2018
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