Proposed Secondary Placing

RNS Number : 9504P

Beeks Financial Cloud Group PLC

15 October 2019

 

This announcement contains inside information

Beeks Financial Cloud Group plc

Proposed Secondary Placing

Beeks Financial Cloud Group plc (the "Company") announces that it has been advised by Gordon McArthur, Chief Executive Officer of the Company, that he intends to sell approximately 2,640,484 Ordinary Shares in the Company (the "Sale Shares") at a price of 84 pence per share. The Sale Shares represent approximately 5.19 per cent. of the issued share capital of the Company.

Gordon McArthur is currently interested in 30,115,677* Ordinary Shares, representing approximately 59.21 per cent. of the issued share capital of the Company.  Following the proposed transaction, Mr McArthur has agreed not to dispose of any of his remaining shareholding for a period of at least 12 months.

*Includes 740,000 Ordinary Shares held by Gordon McArthur's wife, Claire McArthur, representing 1.45 per cent. of the issued share capital

A further announcement will be made in due course.

For further information please contact:

Beeks Financial Cloud Group plc
Gordon McArthur, CEO	via Alma PR
Fraser McDonald, CFO
Cenkos Securities plc	[phone]
Derrick Lee / Peter Lynch
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 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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