Issue of Equity & PDMR Shareholding

RNS Number : 5468Y

Arcontech Group PLC

10 September 2020

 

ARCONTECH GROUP PLC

("Arcontech", the "Company" or the "Group")

Issue of Equity & Director / PDMR Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 80,000 ordinary shares of £0.125 each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by Darren Lewis, Head of Development and a PDMR of the Company, at a price of 23.75p per Ordinary Share.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 15 September 2020. On Admission the Company's issued share capital will comprise 13,290,510 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 13,290,510 This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Names	Darren Lewis - Head of Development
2.	Reason for the Notification
a)	Position/status	See 1 (a) above -PDMR of the Company
b)	Initial notification/ Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Arcontech Group plc
b)	LEI	213800O7PM9V79TP7523
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	Ordinary Shares of £0.125
	Identification code	GB00BDBBJZ03
b)	Nature of the transaction	Exercise of Options over Ordinary Shares
c)	Price(s) and volume(s)	Exercise Price: 23.75 pence Volume: 80,000
d)	Aggregated information: · Aggregated volume · Price	See 4 (c) above
e)	Date of the transaction	9 September 2020
f)	Place of the transaction	Outside a trading venue

Enquiries:

Arcontech Group plc	020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive
finnCap Ltd (Nomad & Broker)	020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: www.arcontech.com

 

END

 

 

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