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Norman Broadbent Plc

Norman Broadbent Plc Jon Moulton increases holding in company

Norman Broadbent Plc (LON:NBB) – a leading London listed Professional Services firm offering a diversified portfolio of integrated Leadership Acquisition & Advisory Services (Board & Leadership Search, Senior Interim Management, Research & Insight, Leadership Consulting & Assessment, and executive level Talent Solutions) – has announced that it has been notified of several changes of shareholding in the Company and dealings by certain Directors and other PDMR’s of the Company.

Garraway Capital Management LLP has today sold 3,881,578 Ordinary Shares in the Company and accordingly now hold no Ordinary Shares in the Company.

At the same time the following substantial shareholders have acquired Ordinary Shares in the Company. Details of the respective purchases, together with total resultant shareholdings, are as follows:

 Prior to acquisition Resultant Holding
Substantial ShareholderOrdinary Shares% of Issued Share CapitalShares acquiredOrdinary Shares% of Issued Share Capital
Downing LLP13,838,33125.68%837,96614,676,29727.24%
Moulton Goodies Limited8,066,73914.97%1,300,0009,366,73917.38%
Pierce Augustan Casey6,287,50511.67%500,0006,787,50512.60%

The Company has also been notified that certain of the Directors and PDMRs of the Company purchased Ordinary Shares of the Company. Details of the respective purchases, together with total resultant shareholdings, are as follows:

 Prior to acquisition Resultant Holding
PDMROrdinary Shares% of Issued Share CapitalShares acquiredOrdinary Shares% of Issued Share Capital
Mike Brennan928,8151.7%166,6661,095,4812.03%
Will Gerrand66,66766,6670.12%
Brian Stephens167,9550.31%166,666334,6210.62%
Fiona McAnena30,0000.06%33,33363,3330.12%
Angela Hickmore83,33383,3330.15%

The notification at the end of this announcement, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the PDMR transactions.

The Company is not a party to the above transactions and will not receive any proceeds relating to the trades.

Michael Brennan, CEO of Norman Broadbent, commented:

“On behalf of the Board, I would like to thank those substantial Shareholders – Downing Capital, Jon Moulton, and Pierce Casey – for their continued support. I am also delighted that I, and a number of other Senior Directors and Non-Executive Directors, have been able to invest. Having such significant Shareholders and Senior Directors choosing to increase their stakes in the business is a sure sign of confidence in Norman Broadbent and our strategy.”

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.