Directors' Dealings

RNS Number : 4342W

IQGeo Group PLC

11 December 2019

 

10 December 2019

IQGEO Group Plc

Directors' Dealings

IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 10 December 2019 from Kestrel Partners LLP ("Kestrel") that on 09 December 2019 it purchased, on behalf of its discretionary clients, 130,154 ordinary shares of 2p each ("Shares") in the Company at a price of £0.53 per share for accounts managed by Kestrel.

The notification by Kestrel also included the matters set out below:

Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect Shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.

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.

Prior to this purchase of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 12,056,161 Shares in the Company.

Of the purchase of Shares, none were for Kestrel Opportunities which holds 9,267,659 Shares, and therefore all were for accounts in which Mr Royde has no beneficial interest, who, following this transaction, hold 2,918,656 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 12,186,315 Shares in the Company, which represents approximately 24.62% 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	9,267,659	18.72%
Indirect	JIM Nominees Limited	170,955	0.35%
Indirect	Bank of New York Nominees Ltd	2,617,547	5.55%

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) GBP 0.53 76,504 Shares GBP 0.53 53,650 shares
d)	Aggregated information - Aggregated volume - Price	Total 130,154 shares @ GBP 0.53
e)	Date of the transaction	2019-12-09
f)	Place of the transaction	London Stock Exchange

 

END

 

 

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