AUS
NZ
UK
CA
USA
IND
_07_03_2026_03_50_21_133108.jpg)
Steppe Cement Limited (STCM) revealed that the family of Executive Chairman Javier del Ser Pérez acquired 122,000 ordinary shares at 21.5 pence each, raising their total ownership to roughly 8.96% of the company’s issued share capital. This transaction, completed on 17 July 2026 via Portola Group Limited on the London Stock Exchange’s AIM Market, marks a continued commitment by the executive’s family to the cement producer and is classified as inside information under Market Abuse Regulation guidelines.
Key Highlights
- Steppe Cement Limited (STCM) is a cement manufacturer listed on the London Stock Exchange AIM Market.
- The family of Executive Chairman Javier del Ser Pérez purchased 122,000 ordinary shares at 21.5 pence per share on 17 July 2026.
- Post-transaction, the family’s holding increased to 19,625,115 ordinary shares, representing approximately 8.96% of the company’s issued share capital.
- The acquisition was executed through Portola Group Limited and settled on the AIM Market; investors should monitor further regulatory disclosures for updates on director shareholdings.
Share Acquisition Details and Ownership Increase
On 20 July 2026, Steppe Cement Limited announced that the family of Executive Chairman Javier del Ser Pérez purchased 122,000 ordinary shares of nil par value at 21.5 pence each, totaling an investment of about A326,230. The transaction occurred on 17 July 2026 via Portola Group Limited, with settlement on the London Stock Exchange’s AIM Market (market code XLON).
Following this purchase, the family now holds 19,625,115 ordinary shares, equating to approximately 8.96% of Steppe Cement’s issued share capital. This disclosure complies with Market Abuse Regulation (EU) No. 596/2014, retained under UK domestic law. The announcement was made through a PDMR (Person Discharging Managerial Responsibilities) Notification, confirming the family’s status as persons closely associated with a company director.
Executive Chairman’s Family Reinforces Investment in Steppe Cement
This transaction signifies a further investment by Executive Chairman Javier del Ser Pérez’s family in Steppe Cement, increasing their stake from a lower prior percentage. Javier del Ser Pérez, reachable at +(603) 2166 0361 as per the announcement, demonstrates alignment with the company’s strategic goals. Purchasing shares at 21.5 pence each reflects the family’s confidence in the company’s prospects and valuation.
The acquisition was facilitated through Portola Group Limited, a holding company commonly used by executives and families to manage investments while adhering to regulatory requirements. This structure does not affect the ultimate beneficial ownership, which remains attributable to Javier del Ser Pérez’s family and is disclosed under applicable regulations.
Classification as Inside Information Under Market Abuse Regulation
Steppe Cement explicitly classifies this share purchase as inside information under Market Abuse Regulation (EU) No. 596/2014, incorporated into UK law via the European Union (Withdrawal) Act 2018 and subsequent amendments. This classification indicates the company regards the transaction as material information likely to influence share price or investor decisions, triggering mandatory prompt disclosure through the RNS regulatory news service.
This designation highlights Steppe Cement’s commitment to transparency regarding shareholding changes by managerial personnel, preventing information asymmetry between insiders and the investing public. It supports market integrity and investor confidence by ensuring all participants receive timely access to material facts about the Executive Chairman’s family’s growing investment.
Transaction Execution and Market Context
The transaction was conducted on the London Stock Exchange’s AIM Market, identified by the code XLON. AIM serves as a junior market for smaller and growth-oriented companies, offering a more flexible regulatory framework than the Main Market. Steppe Cement’s AIM listing provides liquidity for its shares while imposing disclosure obligations for director dealings and related party transactions.
The company’s ordinary shares carry the ISIN MYA004433001. The purchase of 122,000 shares at 21.5 pence each suggests either a single block trade or multiple purchases at a consistent price on 17 July 2026. The PDMR notification confirms the aggregate volume and price.
About Steppe Cement Limited and Market Position
Steppe Cement Limited operates in the cement manufacturing sector, listed on the London Stock Exchange AIM Market under ticker STCM. The company offers exposure to the construction materials industry, with information available at www.steppecement.com. Its operations are influenced by economic cycles, construction activity, and infrastructure spending, key drivers of demand in the cement industry.
Being an AIM-listed company suggests Steppe Cement is in a growth phase relative to larger cement producers, maintaining its operational base and strategic direction under Executive Chairman Javier del Ser Pérez.
Shareholder Structure After Family’s Increased Stake
Following the acquisition, Javier del Ser Pérez’s family holds approximately 8.96% of the company’s issued share capital, totaling 19,625,115 ordinary shares. This significant holding grants them considerable influence over shareholder votes at general meetings. Ownership at this level may trigger additional reporting or disclosure obligations depending on company bylaws and regulatory requirements.
The announcement does not detail other shareholders, but the company’s issued share capital supports the stated percentage. Investors interested in ownership concentration should consult Steppe Cement’s latest shareholder returns or register of members, typically disclosed in annual reports.
PDMR Notification and Regulatory Compliance
The announcement includes a PDMR Notification Form as required under Market Abuse Regulation for disclosing transactions by persons with managerial responsibilities and their close associates. Javier del Ser Pérez is identified as the Executive Chairman and person discharging managerial responsibilities. This notification is an "Initial notification," indicating the first disclosure for this transaction.
The form details issuer information, financial instrument specifics, transaction nature, price, volume, date, and venue. Steppe Cement’s Legal Entity Identifier (LEI) is 2138006TDVGH5T3U4Z46, ensuring accurate identification across regulatory systems. Filing PDMR notifications supports transparency and helps prevent insider trading and market manipulation.
Advisers and Contact Information
Strand Hanson Limited serves as Steppe Cement’s Nominated Adviser and Financial Broker, essential roles for AIM-listed companies. Contacts include James Spinney, Ritchie Balmer, and Imogen Ellis, reachable at +44 20 7409 3494. The nominated adviser guides the company on AIM compliance, including director dealings and insider information disclosures.
Direct inquiries to Steppe Cement can be made to Executive Chairman Javier del Ser Pérez at +(603) 2166 0361, indicating a connection to Kuala Lumpur, Malaysia. Further company information is available at www.steppecement.com.
Investment Implications and Market Perspective
The Executive Chairman’s family increasing their stake to nearly 9% may signal management’s confidence in Steppe Cement’s future. Insider purchases often suggest insiders view shares as undervalued or anticipate positive developments. However, market response depends on broader conditions, company performance, and sector sentiment.
The immediate impact on share price was not disclosed. Investors should consider this transaction alongside Steppe Cement’s recent financial results, trading updates, and guidance when evaluating investment decisions.
This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell securities. Information is based on Steppe Cement Limited’s regulatory announcement via RNS and is accurate as of the announcement date. Market conditions and share prices can change rapidly, and past performance is not indicative of future results. Prospective investors should perform independent analysis and seek professional financial advice before investing in Steppe Cement Limited or any other company.
