Directors' Dealings & Holdings in Company

RNS Number : 0585I

IDOX PLC

06 August 2019

 

Idox Plc

Directors' Dealings & Holdings in Company

Idox plc (LSE:IDOX, "Company" or "Idox") received notification on 6 August 2019 from Kestrel Partners LLP ("Kestrel") that on 6 August 2019 it acquired, on behalf of its discretionary clients, 2,456,140 ordinary shares of 1p each ("Shares") in the Company at a price of £0.285 per share. The notification also included the matters set out below.

Mr Scott, a non-executive director of Idox, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Idox.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 33,537,916 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 11,331,582 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 44,869,498 Shares in the Company, which represents approximately 10.16% per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

Holding type	Nominee	No. of shares	% of issued share capital
Indirect	Bank of New York Nominees Ltd	33,537,916	7.60%
Indirect	JIM Nominees Limited	2,701,895	0.61%
Indirect	Bank of New York Nominees Ltd	8,403,032	1.90%
Indirect	Bank of New York Nominees Ltd	226,655	0.05%

For further information contact:

Idox plc                                                                      [phone] Chris Stone, Non-Executive Chairman David Meaden, Chief Executive Rob Grubb, Chief Financial Officer N+1 Singer (NOMAD and Broker)                            [phone] Shaun Dobson / Jen Boorer (Corporate Finance) Tom Salvesen (Corporate Broking)

ANNEX

Template for 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	Kestrel Partners LLP ('Kestrel')
2	Reason for the notification
a)	Position/status	PCA - Oliver Rupert Andrew Scott (non-executive director of Idox plc and Partner in Kestrel)
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Idox Plc
b)	LEI	213800Z3FE6PWVSUGE70
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	1p Ordinary Shares ISIN: GB0002998192
b)	Nature of the transaction	Transfer for a client account managed by Kestrel to client account held at separate broker. No change of beneficial ownership.
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 0.285 2,456,140 Shares
d)	Aggregated information - Aggregated volume - Price	2,456,140 Shares in total at £0.285 per share
e)	Date of the transaction	2019-08-06
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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