Director/PDMR Shareholding

RNS Number : 6280F

Deepverge PLC

17 November 2020

 

AIM share code: DVRG

17 November 2020

DeepVerge PLC

("DeepVerge" or "Company")

Director / PDMR shareholdings

Further to the announcement earlier today regarding the current level of acceptances from Modern Water plc ("Modern Water") shareholders and the allotment of shares relating to acceptances received in the last week, as a result of acceptance by Gerard Brandon and Dr Nigel Burton ("the Directors"), in respect of their holdings in Modern Water, of the share offer by DeepVerge for the entire issued and to be issued share capital of Modern Water, the Company has issued new Ordinary Shares totalling 3,200,000 to the Directors. Gerard Brandon has been issued 2,000,000 new Ordinary Shares and Dr Nigel Burton issued 1,200,000 new Ordinary Shares. These shares are included in the allotment figure of 9,612,946 announced earlier today which are expected to be admitted to trading on or around 23 November 2020.

Following these allotments the shareholdings are as follows:

Name	Shares acquired	Resulting Shareholding	Shares held as a % of enlarged share capital following Admission
G Brandon	2,000,000	8,129,901	4.90%
N Burton	1,200,000	1,883,167	1.14%

The Company's total issued share capital, following the issue of the new Ordinary Shares will be 165,877,296. As the Company does not hold any shares in Treasury, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company following Admission.

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	Gerard Brandon
2	Reason for the notification
a)	Position/status	CEO
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DeepVerge plc
b)	LEI	213800M477RQVVHVUD72
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 0.1p each
	Identification code	GB00BMGWZY29
b)	Nature of the transaction	Issue of Ordinary Shares
c)	Price(s) and volume(s)
			Price	Volume
			N/A	2,000,000
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	17 November 2020
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dr Nigel Burton
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	DeepVerge plc
b)	LEI	213800M477RQVVHVUD72
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 0.1p each
	Identification code	GB00BMGWZY29
b)	Nature of the transaction	Issue of Ordinary Shares
c)	Price(s) and volume(s)
			Price	Volume
			N/A	1,200,000
d)	Aggregated information	N/A - single transaction
	- Aggregated volume
	- Price
e)	Date of the transaction	17 November 2020
f)	Place of the transaction	Outside of a trading venue

Enquiries

DeepVerge plc	Gerard Brandon, CEO	[phone]
SPARK Advisory Partners Limited (Nominated Adviser)	Neil Baldwin/Andrew Emmott	[phone]
Turner Pope Investments (TPI) Limited (Broker)	Andy Thacker/Zoe Alexander	[phone]

About DeepVerge plc:

DeepVerge is a scientific research and AI-as-a-Service company focused on production and analysis of bacteria, virus and toxins utilising artificial intelligent data analytics in regulatory technology, from scientifically proving the impact of skincare product claims on skin microbiome for top 10 global cosmetic company clients to remotely detecting water contamination in real-time.

 

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