Completion of Secondary Placing

RNS Number : 6489V

Pelatro PLC

09 April 2019

 

Pelatro Plc

("Pelatro", the "Company" or the "Group")

Result of Secondary Placing of Ordinary Shares in Pelatro

Further to the announcement earlier today, Pelatro announces that Suresh Yezhuvath has sold 2,280,000 Ordinary Shares in the Company (the "Placing Shares"), representing approximately 7.0 per cent. of the voting rights of Pelatro. The Placing Shares were placed at a price of 80 pence per share and were sold to institutional investors by finnCap Ltd (the "Secondary Placing").

Following the sale, Suresh Yezhuvath now has a beneficial interest in a total of 14,613 Ordinary Shares, representing a resultant holding of 0.04 per cent. of the Company's issued share capital.

Additionally, Nic Hellyer, Finance Director of the Company and his wife Fawzia Hellyer subscribed for an aggregate of 25,000 Placing Shares in the Secondary Placing. Following the purchase Nic Hellyer has a beneficial interest in a total of 105,000 Ordinary Shares representing 0.32 per cent. of the Company's issued share capital.

For further information contact:

Pelatro Plc
Subash Menon, Managing Director & CEO	c/o Walbrook PR
Nic Hellyer, Finance Director
finnCap Limited (Nominated Adviser and Broker)	[phone]
Carl Holmes/Kate Bannatyne/Matthew Radley
Walbrook PR Advisors	[phone]
Paul Cornelius/Nick Rome

Notes to editors

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.

Pelatro provides its "mViva" platform for use by customers in B2C applications, and is well positioned in the Multichannel Marketing Hub space (MMH) - this is technology that orchestrates a customer's communications and offers to customer segments across multiple channels to include websites, social media, apps, SMS, USSD and others.

For more information about Pelatro, visit www.pelatro.com 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nicholos Hellyer
2.	Reason for the Notification
a)	Position/status	Finance Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pelatro Plc
b)	LEI	213800U45T7TEZX38V60
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 2.5 pence each
	Identification code	GB00BYXH8F66
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 80p 12,400
d)	Aggregated information: ·      Aggregated volume ·      Price	As above in 4c)
e)	Date of the transaction	9 April 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Fawzia Hellyer
2.	Reason for the Notification
a)	Position/status	PCA to Nic Hellyer, Finance Director
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Pelatro Plc
b)	LEI	213800U45T7TEZX38V60
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 2.5 pence each
	Identification code	GB00BYXH8F66
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 80p 12,600
d)	Aggregated information: ·      Aggregated volume ·      Price	As above in 4c)
e)	Date of the transaction	9 April 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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