Result of Secondary Placing

RNS Number : 9798P

Beeks Financial Cloud Group PLC

15 October 2019

 

Beeks Financial Cloud Group plc

Result of Secondary Placing

Beeks Financial Cloud Group plc (the "Company") confirms that further to the announcement released earlier today Gordon McArthur, Chief Executive Officer of the Company, has sold 2,640,484 Ordinary Shares in the Company at a price of 84 pence per share to certain institutional investors.

Following the transaction, Gordon McArthur has a beneficial interest in a total of 27,475,193* Ordinary Shares, representing approximately 54.02 per cent of the issued share capital of the Company.

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

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.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Gordon McArthur
2.	Reason for the Notification
a)	Position/status	Chief Executive 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	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 84 pence 2,640,484
d)	Aggregated information Aggregated volume Price	n/a
e)	Date of the transaction	15 October 2019
f)	Place of the transaction	London Stock Exchange, AIM (LON:BKS)

 

END

 

 

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