Director Dealing, Issue of Equity & TVR

RNS Number : 1979Q

Bigblu Broadband PLC

26 October 2021

 

Bigblu Broadband plc

('BBB' or the 'Company')

Director Dealing, Issue of Equity and Total Voting Rights

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultra-fast broadband services, announces that, on 25 October 2021, Andrew Walwyn, Chief Executive Officer of the Company, exercised an option over 233,333 ordinary shares of 15 pence each (the "Ordinary Shares") at a price of 33.75p per share under the Satellite Solutions Worldwide Group plc 2015 EMI Share Option Scheme (the "Option Exercise"). Application will be made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on or around the 29 October 2021.

Andrew Walwyn has retained all the shares following this exercise and, as a result, his beneficial interest has increased to 3,245,947 Ordinary Shares, representing 5.6% of the Company's issued share capital. 

Further details on the exercise are included in the notifications below.

Total Voting Rights

Following the issue of 233,333 Ordinary Shares pursuant to the Option Exercise, the total number of shares in issue is 58,278,063 and there are no Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company is 58,278,063.

Bigblu Broadband Group PLC	www.bbb-plc.com
Andrew Walwyn, Chief Executive Officer Frank Waters, Chief Financial Officer	Via Walbrook PR
finnCap (Nomad and Broker) Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Tim Redfern / Richard Chambers (ECM)	Tel: [phone]
Walbrook PR (PR / IR advisers)	Tel: [phone] or
Nick Rome/Tom Cooper/Nicholas Johnson	[e-mail]

About Bigblu Broadband plc

Bigblu Broadband plc (AIM: BBB.L), is a leading provider of alternative super-fast broadband solutions throughout Europe and Australia. BBB delivers a portfolio of super-fast wireless broadband products for consumers and businesses unserved or underserved by fibre.

High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative super-fast broadband services increases around the world.

BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers ongoing services including hardware supply, installation, pre and post-sale support billings and collections, whilst offering appropriate tariffs depending on each end user requirements.

Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for 'video-on- demand'. Its alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart-phones via a normal wired or wireless router.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Walwyn
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	Bigblu Broadband PLC
b)	LEI	2138008P6X5EX455KU41
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 Identification code	Ordinary shares of £0.15 each GB00BD5JMP10
b)	Nature of the transaction	Exercise of option
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.3375 233,333
d)	Aggregated information -Aggregated volume - Aggregate value	233,333 £78,749.89
e)	Date of the transaction	25 October 2021
f)	Place of the transaction	Outside a trading venue

 

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