Acquisition of Shares by Major Shareholder

RNS Number : 9321Q

Anexo Group PLC

03 March 2021

 

For immediate release

3 March 2021

Anexo Group plc

('Anexo' or the 'Group')

Acquisition of Shares by Major Shareholder/PDMR Dealings

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, is pleased to announce that following the initial acquisition by DBAY Advisors Limited ('DBAY') of 9.9% of the issued share capital of the Group as announced on 12 November 2020, regulatory approvals from the Financial Conduct Authority and the Solicitors' Regulatory Authority have been obtained. Consequently, on 2 March 2021 DBAY completed the acquisition of an additional 19.1% shareholding in the Group, resulting in an aggregate stake of 29%.

Information relating to the sale of shares to DBAY over the two tranches and the resulting holdings for Alan Sellers, Samantha Moss and Valentina Slater is provided in the table below:

	Ordinary Shares transferred to DBAY		Resulting holding	Percentage of issued share capital
Shareholder	Tranche 1	Tranche 2
Alan Sellers	5,150,100	9,936,051	20,028,165	17%
Samantha Moss	5,291,703	10,209,244	20,578,843	18%
Valentina Slater	1,042,198	2,010,705	4,052,991	3%

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alan Sellers
2	Reason for the notification
a)	Position/status	Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Anexo Group plc
b)	LEI	213800CJHD5C8M4MEY87
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 0.05p each ISIN: GB00BF2G3L29
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price No. of shares 150p 9,936,051
d)	Aggregated information volume - Price	Volume: 9,936,051 Weighted average price: 150p
e)	Date of the transaction	2 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Samantha Moss
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Anexo Group plc
b)	LEI	213800CJHD5C8M4MEY87
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 0.05p each ISIN: GB00BF2G3L29
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price No. of shares 150p 10,209,244
d)	Aggregated information -volume - Price	Volume: 10,209,244 Weighted average price: 150p
e)	Date of the transaction	2 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Valentina Slater
2	Reason for the notification
a)	Position/status	Director of subsidiary
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Anexo Group plc
b)	LEI	213800CJHD5C8M4MEY87
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 0.05p each ISIN: GB00BF2G3L29
b)	Nature of the transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Price No. of shares 150p 2,010,705
d)	Aggregated information volume - Price	Volume: 2,010,705 Weighted average price: 150p
e)	Date of the transaction	2 March 2021
f)	Place of the transaction	London Stock Exchange, AIM

-Ends-

For further enquiries:

Anexo Group plc	[phone] www.anexo-group.com
Alan Sellers, Executive Chairman Mark Bringloe, Chief Financial Officer Nick Dashwood Brown, Head of Investor Relations
Arden Partners plc (Nominated Adviser and Broker)
John Llewellyn-Lloyd / Benjamin Cryer (Corporate) Tim Dainton (Equity Sales)	[phone] www.arden-partners.co.uk
Berenberg (Joint Broker)
Mark Whitmore / Yudith Karunaratna	[phone] www.berenberg.de/en

Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider.  The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm.  The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.

Through its dedicated Credit Hire sales team and network of 1,100 plus active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services.  The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.

For additional information, please visit: www.anexo-group.com

 

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