PDMR Dealing

RNS Number : 5864S

Checkit PLC

09 July 2020

 

Checkit plc

("Checkit" or the "Company")

PDMR Dealing

Checkit plc (AIM:CKT) announces that Keith Daley, Executive Chairman, has today purchased 1,296,296 ordinary shares of 5 pence each ("Ordinary Shares") at an average price of 39.00 pence per Ordinary Share (the "Purchase").

Following the Purchase, Mr Daley's total beneficial interest in the Company is 14,424,635 Ordinary Shares representing approximately 23.25% of the Company's total issued share capital as at today's date.

Sale of Elektron Technology Employee Benefit Trust (the "EBT") shares

The shares were purchased through the market from the Elektron Technology Employee Benefit Trust (the "EBT"), which is currently in the process of being wound up. The proceeds received by the EBT,  which amount to approximately £506k (before expenses), will be used to repay amounts it owes to the Company (which currently stands at approximately £620k).

Following the repayment, the residual amounts owed to the Company will be written off. As the loan to the EBT is eliminated on consolidation, this will have no impact on the group's financial results.

Concert party holdings

Following the Purchase, the Concert Party (which is comprised of Keith Daley and John Wilson) will have control of voting rights over 15,213,894 Ordinary Shares, representing approximately 24.53% of the Company's issued share capital.

Checkit plc	[phone]
www.checkit.net
Keith Daley (Executive Chairman)
Sara Coate (Company Secretary)
Yellowstone Advisory (Investor Relations)	[phone]
Alex Schlich
N+1 Singer (Nominated Adviser & Broker)	[phone]
Shaun Dobson / George Tzimas (Corporate Finance)
Rachel Hayes (Corporate Broking)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Keith Daley
2	Reason for the notification
a)	Position/status	Director/PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Checkit plc
b)	LEI	213800556WJOWQNT2R68
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 5 pence each
	Identification code	ISIN: GB00B0C5RG72
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			39.00p per Ordinary Share	1,296,296 Ordinary Shares
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	9 July 2020
f)	Place of the transaction	London Stock Exchange

 

END

 

 

DSHZKLFBBDLXBBD