Exercise of Share Options and Director Dealings

RNS Number : 9351R

Beeks Financial Cloud Group PLC

10 November 2021

 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Exercise of Share Options and Director Dealings

10 November 2021 -  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 264,705 ordinary shares of £0.00125 each ("Ordinary Shares") following the exercise of options under the Beeks Financial Cloud Employee Share Option Plan, at an exercise price of £0.00125 per Ordinary Share (the "Option Shares"). 68,627 of the Option Shares were held by Fraser McDonald, Chief Financial Officer of the Company and a person discharging managerial responsibilities.

Application will be made for the 264,705 new Ordinary Shares to be admitted to trading on AIM ("Admission"), and dealings are expected to commence on or around 16 November 2021. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

Following Admission, the Company will have 56,315,854 ordinary shares of £0.00125 each in issue. The Company has no shares in treasury, therefore the figure of 56,315,854 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.

Upon Admission, Mr McDonald will be beneficially interested in 112,745 Ordinary Shares, representing approximately 0.2% of the enlarged issued share capital of the Company.

For further information please contact:

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

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a leading cloud computing, connectivity and analytics provider for financial services. Our cloud-based Infrastructure-as-a-Service (IaaS) model allows financial organisations the flexibility and agility to deploy and connect to a variety of exchanges, trading venues and cloud service providers at a fraction of the cost of building their own networks and infrastructure. Based in the UK with an international network of 19 datacentres, Beeks supports its global customers at scale in the leading financial centres.

For more information, visit:  www.beeksfinancialcloud.com

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 £0.00125 each
	Identification code	ISIN: GB00BZ0X8W18
b)	Nature of the transaction	Exercise of Share Options
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.00125 68,627
d)	Aggregated information
	- Aggregated volume - Price - Total	N/A
e)	Date of the transaction	10 November 2021
f)	Place of the transaction	Outside a trading venue

 

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