Director/PDMR Shareholding

RNS Number : 6094N

Location Sciences Group PLC

01 June 2022

 

1 June 2022

Location Sciences Group PLC

("Location Sciences" or the "Company" or the "Group")

Director dealings

Location Sciences (AIM: LSAI) announces that it has today issued 42,500,000 new ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at an issue price of 0.2 pence per Ordinary Share (the "Issue Price") to Simon Wilkinson and Dr Nigel Burton, conditional upon Admission (as defined below), as payment in lieu of fees ("Fee Shares") and as detailed in the table below. The issue of the Fee Shares is in accordance with the terms of the letters of appointment for Simon Wilkinson and Dr Nigel Burton and is in respect of fees for the second year of their appointment as directors of the Company.

Application for admission to trading and total voting rights

Application has been made for 42,500,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to take effect on or around 9 June 2022 ("Admission").

Following Admission, the Company's issued share capital will comprise 2,647,587,398 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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	Simon Wilkinson
2.	Reason for the Notification
a)	Position/status	Non-Executive Director - Chairman
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Location Sciences Group PLC
b)	LEI	213800MKYV25HW2IAX70
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 of GBP0.001
	Identification code	ISIN: GB00BGT36S19
b)	Nature of the transaction	Fee shares
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP0.002 25,000,000
d)	Aggregated information:
	- Aggregated volume	25,000,000
	- Price	GBP0.002
e)	Date of the transaction	1 June 2022
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dr Nigel Burton
2.	Reason for the Notification
a)	Position/status	Non-Executive Director
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Location Sciences Group PLC
b)	LEI	213800MKYV25HW2IAX70
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 of GBP0.001
	Identification code	ISIN: GB00BGT36S19
b)	Nature of the transaction	Fee shares
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP0.002 17,500,000
d)	Aggregated information:
	- Aggregated volume	17,500,000
	- Price	GBP0.002
e)	Date of the transaction	1 June 2022
f)	Place of the transaction	Outside a trading venue

For further information please contact:

Location Sciences Group PLC  via Allenby Capital

Simon Wilkinson , Chairman

Allenby Capital Limited (Nominated Adviser)  Tel: [phone]

David Hart

Vivek Bhardwaj

Turner Pope Investments (TPI) Ltd (Broker)  Tel: [phone]

James Pope

Andy Thacker

 

END

 

 

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