Directors Dealings and Exercise of Share Options

Beeks Financial Cloud Group PLC

22 March 2024

 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Directors Dealings and Exercise of Share Options

22 March 2024 --- Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, announces that today it is issuing a total of 520,729 ordinary shares of 0.125 pence each ("Ordinary Shares") following the exercise of options under the Beeks Financial Cloud Employee Share Option Plan, at an exercise price of 0.125 pence per Ordinary Share (the "Option Shares"). 240,000 of the Option Shares were held by Fraser McDonald, Chief Financial Officer of the Company and a person discharging managerial responsibilities.

Concurrently, Mr. McDonald sold 284,118 ordinary shares of 0.125 pence each ("Ordinary Shares") at a price of 165 pence per share. In addition, Gordon McArthur, Chief Executive Officer sold 2,200,000 ordinary shares of 0.125 pence each ("Ordinary Shares") also at a price of 165 pence per share.

These PDMR dealings were undertaken both for personal reasons and also to satisfy institutional investor demand. Pursuant to these transactions and upon Admission (as defined below), Mr. McArthur will retain a substantial shareholding of 21,653,440 Ordinary Shares, representing 32.6% of the total enlarged issued share capital of the Company. This shareholding now excludes 740,000 Ordinary Shares that continues to be held by Mr. McArthur's former spouse. Upon Admission, Mr. McDonald will no longer retain a holding of Ordinary Shares in the Company and retains unexercised options over 719,742 ordinary shares. Both Directors remain fully committed to the Company and its growth prospects.

Application will be made for the 520,729 new Ordinary Shares to be admitted to trading on AIM ("Admission"), and dealings are expected to commence on or around 28 March 2024. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

Following Admission, the Company will have 66,427,517 ordinary shares of 0.125 pence each in issue. The Company has no shares in treasury, therefore the figure of 66,427,517 should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please contact:

Beeks Financial Cloud Group plc
Gordon McArthur, CEO	via Alma PR
Fraser McDonald, CFO
Canaccord Genuity	[phone]
Adam James / Alex Orr
Alma PR	[phone]
Caroline Forde / Hilary Buchanan / Joe Pederzolli

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gordon McArthur
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	Beeks Financial Cloud Group plc
b)	LEI	213800XD729OTYVOMR79
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 pence each
	Identification code	GB00BZ0X8W18
b)	Nature of the Transaction	Sale of ordinary shares
c)	Price(s) and volume(s)	Shares sold: 2,200,000 shares at 165 pence
d)	Aggregated information Aggregated volume Price	n/a
e)	Date of the transaction	22 March 2024
f)	Place of the transaction	London Stock Exchange, AIM (LON:BKS)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Fraser McDonald
2.	Reason for the Notification
a)	Position/status	Chief Financial Officer
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Beeks Financial Cloud Group plc
b)	LEI	213800XD729OTYVOMR79
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 pence each
	Identification code	GB00BZ0X8W18
b)	Nature of the Transaction	Exercise of options and subsequent sale of ordinary shares
c)	Price(s) and volume(s)	Options exercised: 240,000 options Ordinary shares sold: 284,118 shares at 165pence each
d)	Aggregated information Aggregated volume Price	n/a
e)	Date of the transaction	22 March 2024
f)	Place of the transaction	London Stock Exchange, AIM (LON:BKS)

About Beeks

Cloud computing is crucial to Capital Markets and finance.

Beeks Group is a leading managed cloud provider exclusively within this fast-moving sector. Our Infrastructure-as-a-Service model is optimised for low-latency private cloud compute, connectivity and analytics, providing the flexibility to deploy and connect to exchanges, trading venues and public cloud for a true hybrid cloud experience.

ISO 27001 certified, we provide world-class security aligned to global security requirements.

Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS) and has enjoyed continued growth each year. Beeks Group now employs over 100 team members across the globe with the majority based at our Renfrew HQ.

For more information, visit:  www.beeksfinancialcloud.com

 

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