Director/PDMR Shareholding

RNS Number : 3622W

IQGeo Group PLC

17 August 2022

 

17 August 2022

IQGEO Group Plc

Directors' Dealings

Further to the Results of Fundraising announcement dated 12 August, IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 17 August 2022 from Kestrel Partners LLP ("Kestrel") that on the 12 August 2022 it had agreed to purchase, on behalf of its discretionary clients, an aggregate of 748,000 ordinary shares of 2p each ("Shares") in the Company at a price of £1.25 per share.

Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in IQGEO.

Following the admission of the Placing Shares (as defined in the Results of Fundraising announcement) Kestrel Opportunities will hold (and consequently Mr Royde will be deemed to have a beneficial interest in) 11,726,984 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest will hold 4,391,522 Shares in the Company.

On a combined basis, Kestrel indirectly will hold voting rights over 16,118,506 Shares in the Company, representing 26.27 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	11,726,984	19.11%
Indirect	JIM Nominees Limited	321,795	0.53%
Indirect	Bank of New York Nominees Ltd	4,069,727	6.63%

The PDMR dealing notification, as announced on 12 August 2022 is replicated below.

For further information contact:

IQGEO Group plc	[phone]
Richard Petti
Haywood Chapman
finnCap Ltd	[phone]
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Richard Chambers (ECM)

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
2	Reason for the notification
a)	Position/status	PCA - Max Royde (non-executive director IQGeo Group plc)
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQGEO Group plc
b)	LEI	213800P2PCLCEFANB194
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	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)	16 August 2022 Price(s) Volume(s) 1.25 748,000 shares
d)	Aggregated information - Aggregated volume - Price	Total   748,000 shares @ GBP 1.25
e)	Date of the transaction	16 August 2022
f)	Place of the transaction	London Stock Exchange (XLON)

 

END

 

 

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