Director/PDMR Shareholding

1 October 2020

Drumz plc 
('Drumz' or the 'Company')

Director Dealing

Further to the announcement made by the Company today which outlined Angus Forrest’s intention to participate in the Placing, the Company can confirm that Mr Forrest, CEO, subscribed for 3,636,363 Ordinary Shares at the Issue Price of 0.55 pence per share. In addition, as part of his subscription, Mr Forrest received warrants to subscribe for 1,818,181 Ordinary Shares at an exercise price of 1.2 pence each. The warrants must be exercised within a period of 12 months from the date of issue. 

Capitalised terms and expressions used in this announcement will have the same meaning as in the announcement made earlier today which outlined the Placing.

Following the subscription, Mr Forrest holds 29,893,921 Ordinary Shares representing approximately 8.7% of the Company’s issued share capital as enlarged by the Placing. In addition, Mr Forrest holds 1,818,181 warrants over Ordinary Shares.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

For further information please contact:
Drumz Plc
Angus Forrest	[phone]
WH Ireland (NOMAD & Broker)	www.whirelandcb.com
Mike Coe / Chris Savidge	020 7220 1666
Peterhouse Capital Limited (Joint broker)
Lucy Williams / Duncan Vasey	020 7469 0936

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Angus Forrest
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Drumz plc
b)	LEI	213800JHJFKALDJA5X97
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
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 0.1p each GB00B06CZD75
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Ordinary Shares 0.55 3,636,363 Warrants 1.2 1,818,181
d)	Aggregated information Ordinary Shares: - Aggregated volume - Price Warrants: - Aggregated volume - Price	3,636,363  20,000 1,818,181 £21,818
e)	Date of the transaction	1 October 2020
f)	Place of the transaction	London Stock Exchange, AIM