Exercise of Options and Director's Dealing

RNS Number : 5852P

Beeks Financial Cloud Group PLC

29 May 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 534,480 new ordinary shares of 0.125 pence each ("New Shares") pursuant to the exercise of options granted under the Beeks Financial Cloud Employee Share Option Plan.  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 4 June 2018 ("Admission"). 

Following Admission of the new Ordinary Shares to trading on AIM, the Company will have 50,043,100 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 on 24 May 2018 Will Meldrum, a Non-executive Director of the Company, purchased 23,500 ordinary shares at a price of 70.0 pence per share.  Following this purchase, Will Meldrum holds a total of 23,500 shares in the Company, representing 0.05 per cent. of the issued share capital.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	William Meldrum
2.	Reason for the Notification
a)	Position/status	Non-executive Director
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)	23,500 shares at 70.0p
d)	Aggregated information Aggregated volume Price	n/a
e)	Date of the transaction	24 May 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]
Caroline Forde / Josh Royston / Helena Bogle

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a UK-based low-latency Infrastructure-as-a-Service (IaaS) provider for automated trading in Forex, Futures, Equities, Fixed income and cryptocurrency financial products. With nine data centres globally and low-latency connectivity between sites, the Beeks Financial Cloud focuses on reducing barriers to entry and time to market for institutional clients. For more information, visit: www.beeksfinancialcloud.com.

 

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