Exercise of Options, Director Dealing and TVR

RNS Number : 7886B

GRC International Group PLC

03 February 2020

 

3 February 2020

GRC International Group plc

Exercise of Options, Director Dealing Notification
and Total Voting Rights

GRC International Group plc (the "Company"), a supplier of IT governance, risk management and compliance products and services announces that Steve Watkins, a director of the Company, has exercised options over 1,680,000 ordinary shares of 0.1 pence in the Company ("Ordinary Shares") at a price of 0.31429 pence per share, with 898,646 Ordinary Shares being immediately sold at a price of 13 pence per Ordinary Share to cover a personal tax liability. Both transactions took place on 31 January 2020.

Application has been made to the London Stock Exchange for the admission of the 1,680,000 Ordinary Shares issued. It is anticipated that admission to trading of, and dealings in, the Ordinary Shares will commence on AIM on or around 6 February 2020.

Following the issue of these 1,680,000 Ordinary Shares, the total number of voting rights in the Company will be 66,164,172 and shareholders may use this figure 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 Company under the FCA's Disclosure Guidance and Transparency Rules. 

Following the exercise of options and subsequent sale, the number of Ordinary Shares in which Steve Watkins has a beneficial interest over is 4,426,897 Ordinary Shares, representing 6.7 per cent of the current total voting rights of the Company.

Further details on the exercise are included in the notification below, made in accordance with the requirements of the EU Market Abuse Regulation.

Enquiries:

GRC International Group plc	[phone]
Alan Calder, Chief Executive Officer Christopher Hartshorne, Finance Director
Grant Thornton UK LLP (Nominated Adviser)	[phone]
Philip Secrett Jamie Barklem Ben Roberts
Dowgate Capital Limited (Broker)	[phone]
James Serjeant

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Watkins
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GRC International Group plc
b)	LEI	21380035NES3I6H4PB87
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
	Identification code	GB00BG06MV41
b)	Nature of the transaction	Exercise of Options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.0031429	1,680,000
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	31 January 2020
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steve Watkins
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	GRC International Group plc
b)	LEI	21380035NES3I6H4PB87
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
	Identification code	GB00BG06MV41
b)	Nature of the transaction	Disposal of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.13	898,646
d)	Aggregated information
	- Aggregated volume	N/A
	- Price
e)	Date of the transaction	31 January 2020
f)	Place of the transaction	London Stock Exchange

 

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