Director/PDMR Shareholding

Literacy Capital PLC

30 January 2025

 

30 January 2025

Literacy Capital plc ("Literacy" or the "Company")

Director / PDMR Shareholding

The Company announces that Paul Pindar, the Chairman of the Company, entered into an agreement to pledge 15,000,000 Ordinary Shares of £0.001 each in the Company ("Ordinary Shares") of his holding as security against a personal loan facility with HSBC to provide liquidity for personal property investment commitments. The arrangement came into effect on 29 January 2025.

Mr Pindar's shareholding in the Company of 15,500,000 Ordinary Shares remains unchanged. He is the Company's largest shareholder. Mr Pindar, together with his wife, Sharon Pindar, own 17,000,000 Ordinary Shares, representing over 28% of the Company's issued share capital. They have not sold any shares in Literacy Capital since the Company's Admission to the London Stock Exchange in June 2021.

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	Paul Pindar
2.	Reason for the notification
a)	Position/status	Chairman
b)	Initial notification / Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Literacy Capital plc
b)	LEI	2549006P3DFN5HLFGR54
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	ISIN: GB00BMF1L080
b)	Nature of the transaction	The pledge of 15,000,000 Ordinary Shares as security against a personal loan facility with HSBC. Mr Pindar remains the beneficial owner of the shares subject to the pledge and retains full voting rights.
c)	Price(s) and volume(s)	Price: NA Volume: 15,000,000
d)	Aggregate information	As above
	- Aggregate volume
	- Total Exercise Price
e)	Date of the transaction	29 January 2025
f)	Place of the transaction	Off-market
g)	Additional information	NA

-ENDS-

For further information, please contact:

Literacy Capital plc / Book Asset Management LLP

Richard Pindar / Aasha Tailor

[phone]

MHP Group

Reg Hoare / Ollie Hoare / Matthew Taylor

[e-mail]

[phone] / + 44 (0) 7827 662 831

Singer Capital Markets Securities Limited

Alaina Wong

[phone]

A copy of this announcement will be available on the Company's website at www.literacycapital.com.

Neither the content of the Company's website, nor the content on any website accessible from hyperlinks on its website for any other website, is incorporated into, or forms part of, this announcement nor, unless previously published by means of a recognised information service, should any such content be relied upon in reaching a decision as to whether or not to acquire, continue to hold, or dispose of, securities in the Company.

LEI: 2549006P3DFN5HLFGR54

 

END