Director's share disposal

RNS Number : 0469V

Mode Global Holdings PLC

09 April 2021

 

Mode Global Holdings PLC

9 April 2021

Mode Global Holdings PLC 

Director's share disposal

Mode Global Holdings Plc (LSE:MODE) announces that it has received notification that Jonathan Rowland, Executive Chairman, has transferred 18,973,559 ordinary shares of £0.01p each ("Ordinary Shares") ("Shareholding") for nil Consideration to JR Spac 1 Limited, a company wholly owned by Mr Rowland.  Following the transfer, Mr Rowland will continue to be beneficially interested in 18,973,559 Ordinary Shares, representing 20.75% of the issued share capital of the Company. The notification below provides further detail. JR Spac 1 Limited and Mr Rowland have entered into a revised lock-in arrangement with the Company in respect of the Shareholding pursuant to which, subject to market standard exceptions, no disposal of the Shareholding can take place prior to 5 March 2023, an extension of 6 months to Mr Rowland's original lock in entered into at the time of the Company's IPO.

Enquiries For further information please visit www.modeapp.com or contact:
(IR/PR Contact) Maitland/AMO Neil Bennett/James Isola [e-mail]	Tel: [phone]
Alfred Henry Corporate Finance Limited (Financial Adviser) Nick Michaels/Jon Isaacs	Tel: [phone]
Peterhouse Capital Limited Lucy Williams/Charles Goodfellow/Duncan Vasey	Tel: [phone]

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	Jonathan Rowland
2	Reason for the notification
a)	Position/status	Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Mode Global Holdings Plc
b)	LEI	2138001BLO7EORII7E91
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	Ordinary shares of £0.01 par each GB00BKX8NT01
b)	Nature of the transaction	Disposal of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 18,973,559
d)	Aggregated information - Aggregated volume - Price	18,973,559 Nil
e)	Date of the transaction	02/04/2021
f)	Place of the transaction	London Stock Exchange

 

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