Exercise of Options and Director's Dealing

RNS Number : 4581Z

Beeks Financial Cloud Group PLC

31 August 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 677,700 new ordinary shares of 0.125 pence each ("New Shares") pursuant to the exercise of 636,300 options granted under the Beeks Financial Cloud Employee Share Option Plan and 41,400 options granted under the Beeks Financial Cloud Contractor Share Option Plan (together the "Options"), including an exercise of 628,800 Options by Simon Goulding, Chief Financial Officer of Beeks. 

Simon Goulding's holding in the Company is now 628,800 Ordinary Shares, representing 1.24 per cent. of the issued share capital of the Company.

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 6 September 2018 ("Admission"). Following Admission of the new Ordinary Shares to trading on AIM, the Company will have 50,720,800 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.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Simon Goulding
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
c)	Price(s) and volume(s)	628,800 shares at 0.125p
d)	Aggregated information Aggregated volume Price	n/a
e)	Date of the transaction	31 August 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 / Caroline Forde / 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 eleven 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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