Exercise of Options and Director's Dealing

RNS Number : 5622C

Beeks Financial Cloud Group PLC

22 January 2018

 

Beeks Financial Cloud Group plc

Exercise of Options and Director's Dealing

Beeks Financial Cloud Group plc ("Beeks" or "the Company") announces that the Company has issued a total of 138,000 new ordinary shares of 0.125 pence each ("New Shares") pursuant to the exercise of options granted under the Beeks Financial Cloud Contractor Share Option Plan by certain overseas staff.  Application has been made for the New Shares, which will rank pari passu with the Company's existing Ordinary Shares, to be admitted to trading on AIM and dealings are expected to commence on 25 January 2018 ("Admission"). 

Following Admission of the new Ordinary Shares to trading on AIM, the Company will have 49,138,000 ordinary shares of 0.125 pence each in issue. This figure may be used by shareholders as the denominator for the calculation by which they determine if they are required to notify their interest in, or a change of their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

The Company also confirms that it received notification today that Mark Cubitt, the Non-executive Chairman of the Company, has agreed to purchase 70,707 of the New Shares at a price of 49.5 pence per share.  Following this purchase, Mark Cubitt will hold a total of 70,707 shares in the Company, representing 0.14 per cent. of the issued share capital.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Cubitt
2.	Reason for the Notification
a)	Position/status	Non-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	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	Purchase of ordinary shares
c)	Price(s) and volume(s)	70,707 shares at 49.5p
d)	Aggregated information Aggregated volume Price	n/a
e)	Date of the transaction	22 January 2018
f)	Place of the transaction	London Stock Exchange, AIM (LON:BKS)

 For further information please contact:

Beeks Financial Cloud Group plc
Gordon McArthur, CEO	via Alma PR
Simon Goulding, CFO
Cenkos Securities plc	[phone]
Derrick Lee / Beth McKiernan
Alma PR	[phone]
Josh Royston / Hilary Buchanan / Helena Bogle

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a UK-based low-latency service provider for automated (also known as algorithmic) trading in Forex and Futures financial products. With nine data centres globally and low-latency connectivity between sites, Beeks Financial Cloud focuses on reducing barriers to entry and time to market for institutional clients trading forex/futures. For more information, visit: www.beeksfinancialcloud.com.

 

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