Directors' Dealing

RNS Number : 3438H

IQGeo Group PLC

24 March 2020

 

IQGEO Group Plc

Directors' Dealings

IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 23 March 2020 from Kestrel Partners LLP ("Kestrel") that on the 20 March 2020 it purchased, on behalf of its discretionary clients, an aggregate of 13,000 ordinary shares of 2p each ("Shares") in the Company at an average price of £0.60 per share for accounts managed by Kestrel.

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 this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 9,312,659 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 3,178,342 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 12,491,001 Shares in the Company, which represents 25.19 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	9,312,659	18.78%
Indirect	JIM Nominees Limited	170,955	0.34%
Indirect	Bank of New York Nominees Ltd	3,007,387	6,07%

For further information contact:

IQGEO Group plc	[phone]
Richard Petti
Tim Gingell
finnCap Ltd	[phone]
Henrik Persson, Anthony Adams (Corporate Finance)
Tim Redfern, Richard Chambers (ECM)
Tulcan Communications LLP	[phone]
James Macey White, Matt Low, Deborah Roney

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
c)	Price(s) and volume(s)	Price(s) Volume(s) 20 March 2020 GBP 0.60 13,000 Shares
d)	Aggregated information - Aggregated volume - Price	Total 13,000 shares @ GBP 0.600
e)	Date of the transaction	2020-03-20
f)	Place of the transaction	London Stock Exchange

 

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