Director/PDMR Shareholding and Total Voting Rights

RNS Number : 5647I

Sosandar PLC

02 April 2020

 

Sosandar plc

D irector/PDMR Shareholding and Total Voting Rights

The Company has been informed that Mark Collingbourne, Finance Director, and Adam Reynolds, Non-Executive Director, yesterday transferred 262,752 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") and 1,063,659 Ordinary Shares respectively into new legal entities.

Following these transfers, Mr Collingbourne's and Mr Reynold's interests in the Company remain unchanged as the old and new entities holding the transferred Ordinary Shares are both 100 per cent owned. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the transfers:

The Company also confirms that as at 31 March 2020, the Company has 192,268,122 Ordinary Shares in issue, with one voting right each. 

The Company does not hold any shares in treasury. The number of Ordinary Shares with voting rights is therefore 192,268,122.

Accordingly, this figure may be used by shareholders as a denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules. 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mark Collingbourne
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	Sosandar plc
b)	LEI	2138004313MO7RXAVA37
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 in Sosandar plc GB00BDGS8G04
b)	Nature of the transaction	Transfer of Ordinary Shares between 100% owned legal entities
c)	Price(s) and volume(s)	Price(s) Volume(s) 6 pence 262,752 shares
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	01 April 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Adam Reynolds
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	Sosandar plc
b)	LEI	2138004313MO7RXAVA37
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 in Sosandar plc GB00BDGS8G04
b)	Nature of the transaction	Transfer of Ordinary Shares between 100% owned legal entities
c)	Price(s) and volume(s)	Price(s) Volume(s) 5.5 pence 1,063,659 shares
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	01 April 2020
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

Enquiries

Sosandar plc	www.sosandar.com
Julie Lavington / Ali Hall, Joint CEOs	c/o Alma PR
Shore Capital Patrick Castle / Mark Percy / James Thomas / Michael McGloin	[phone]
Alma PR Limited (Financial PR)	[phone]
Rebecca Sanders-Hewett / Susie Hudson / Sam Modlin	[e-mail]

About Sosandar PLC

Sosandar is an online womenswear brand, specifically targeted at a generation of women who have graduated from throwaway fashion and are looking for quality, affordable clothing with a premium, trend-led aesthetic. This is a section of the market that is currently being underserved.

Sosandar was launched in September 2016. The Sosandar business model is built around using trend-led, exclusive designs produced in-house and then manufactured using a variety of global suppliers. Sosandar caters for a growing market of fashion conscious women, while utilising an outsourced logistics provider that can support its planned growth over the coming years.

Sosandar's founders are Ali Hall and Julie Lavington, who previously launched and ran high street fashion magazine Look, as editor and publishing director respectively. They have a combined experience of over 35 years in the fashion industry, including in the design, manufacture and sale of fashion ranges for some of the UK's high street retailers, including Debenhams, Office, Oasis and JD Williams.

More information is available at www.sosandar-ir.com

 

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