Norman Broadbent (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 Shareholder | Ordinary Shares | % of Issued Share Capital | Shares acquired | Ordinary Shares | % of Issued Share Capital |
| Downing LLP | 13,838,331 | 25.68% | 837,966 | 14,676,297 | 27.24% |
| Moulton Goodies Limited | 8,066,739 | 14.97% | 1,300,000 | 9,366,739 | 17.38% |
| Pierce Augustan Casey | 6,287,505 | 11.67% | 500,000 | 6,787,505 | 12.60% |
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 | ||||
| PDMR | Ordinary Shares | % of Issued Share Capital | Shares acquired | Ordinary Shares | % of Issued Share Capital |
| Mike Brennan | 928,815 | 1.7% | 166,666 | 1,095,481 | 2.03% |
| Will Gerrand | – | – | 66,667 | 66,667 | 0.12% |
| Brian Stephens | 167,955 | 0.31% | 166,666 | 334,621 | 0.62% |
| Fiona McAnena | 30,000 | 0.06% | 33,333 | 63,333 | 0.12% |
| Angela Hickmore | – | – | 83,333 | 83,333 | 0.15% |
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.”
