Director/PDMR Shareholding

RNS Number : 5116E

Soco International PLC

08 May 2017

 

SOCO International plc

("SOCO" or the "Company")

Director/PDMR Shareholding

The Company was notified today that on 5 May 2017, Palamos Limited, which is a Closely Associated Person to Rui de Sousa, Chairman of the SOCO Board of Directors, has granted a pledge in favour of Rothschild Bank AG over 4,354,410 SOCO Ordinary Shares, held by Palamos Limited, as security pursuant to a general loan facility entered into with Rothschild Bank AG.

Palamos Limited remains the beneficial owner of the shares subject to the pledge and retains control of the voting rights attached to such shares.

As such, Rui de Sousa's interests in the voting rights of the Company are unchanged and he continues to be interested in 9,648,324 Shares, representing 2.91% of the voting rights and issued share capital of the Company, of which

·	8,708,820 Shares (2.62%) are held by Palamos Limited, a closely associated person to Rui de Sousa;
·	389,504 Shares (0.12%) are held by Quantic Limited, a closely associated person to Rui de Sousa; and
·	550,000 Shares (0.17%) are held personally by Rui de Sousa.

Contact: Carol Fan, SOCO International plc, Tel [phone]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMRS AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Rui de Sousa
2	Reason for the notification
a)	Position/status	Palamos Limited, a person closely associated with Rui de Sousa, Chairman of the Board
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	SOCO International plc
b)	LEI	549300DDKLXYLLO4N524
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 £0.05 EACH GB00B572ZV91
b)	Nature of the transaction	Share pledge in favour of Rothschild Bank AG
c)	Price(s) and volume(s)	Price(s) Volume(s) NIL 4,354,410
d)	Aggregated information -         Aggregated volume -         Price	NA
e)	Date of the transaction	05/05/2017
f)	Place of the transaction	Outside of a trading venue

 

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