Director/PDMR Shareholding

RNS Number : 8044V

Cloudcoco Group PLC

11 August 2020

 

CloudCoCo Group plc

("CloudCoCo" or the "Company")

Director/PDMR Shareholding

CloudCoCo (AIM: CLCO) a UK provider of IT and communications solutions to businesses and public sector organisations, announces that it received notification yesterday that Non-Executive Chairman, Simon Duckworth has purchased a total of 500,000 Ordinary Shares of 1 pence in the Company ("Ordinary Shares") at 1.15 pence per share. The purchase of Ordinary Shares took place as follows:

• 250,000 Ordinary Shares purchased on 7 August 2020 at a price of 1.15 pence per share

• 250,000 Ordinary Shares purchased on 10 August 2020 at a price of 1.15 pence per share

Following these trades, Simon Duckworth's beneficial holding is 8,250,000 Ordinary Shares, representing 1.67 per cent. of the current total voting rights of the Company. 

Further details are contained within the notification below, made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014. 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Simon Duckworth
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	CloudCoCo Group plc
b)	LEI	213800D4GJKAFHT5TB32
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 1 pence each GB00B8GRBX01
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Purchase Price(s) Volume(s) 1.15 pence (7 August 2020) 1.15 pence (10 August 2020) 250,000 250,000

d)	Aggregated information -  Aggregated volume -  Price -  Total	500,000 1.15 pence £5,750
e)	Date of the transaction	7 August 2020 and 10 August 2020
f)	Place of the transaction	London Stock Exchange (XLON)

Name of authorised official of issuer responsible for making notification:

Darron Giddens

Company Secretary to CloudCoCo Group plc 

Contacts:

CloudCoCo Group plc Darron Giddens (Company Secretary)	01925 398 255
N+1 Singer (Nominated Adviser and Broker) Peter Steel / Ben Farrow	020 7496 3000
Alma PR (financial PR adviser) David Ison Josh Royston Kieran Breheny	020 3405 0205 [e-mail]

 

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