Director/PDMR Shareholding

Tialis Essential IT PLC

13 November 2024

 

13 November 2024

Tialis Essential IT Plc

("Tialis" or the "Company")

Directors' Dealing

Tialis, the mid-market IT managed services provider, announces that Ian Smith, a director of the Company, acquired 250,000 ordinary shares of 1p each in the Company ("Ordinary Shares") through his Self-Invested Personal Pension ("SIPP") on 12 November 2024. Matthew Riley, a director of the Company, also acquired 250,000 Ordinary Shares on the same date.

Following this transaction, Mr Smith's beneficial interest in the Company is 543,000 Ordinary Shares, which represents 2.23% of the Company's issued ordinary share capital.

Mr Smith is also the Chief Executive Officer and major shareholder of MXC Capital Limited ("MXC") which also acquired 250,000 Ordinary Shares on 12 November 2024. MXC's holding is 18,454,685 Ordinary Shares representing 75.86% of the Company's issued ordinary share capital. Mr Smith and MXC hold in aggregate 18,997,685 Ordinary Shares, representing 78.09% of the Company's issued ordinary share capital.

Following this transaction, Mr Riley's beneficial interest in the Company is 250,000 Ordinary Shares, which represents 1.03% of the Company's issued ordinary share capital.

Mr Riley is also a director and major shareholder of Daisy Intermediate Holdings Limited ("Daisy") which holds 2,289,295 Ordinary Shares representing 9.41% of the Company's issued ordinary share capital. Daisy's shareholding remains unchanged. Mr Riley and Daisy hold in aggregate 2,539,295 Ordinary Shares, representing 10.44% of the Company's issued ordinary share capital.

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	Ian Smith
2	Reason for the notification
a)	Position/status	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	Tialis Essential IT plc
b)	LEI	213800HA4PK7BHINK929
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 1p each GB00BN4M3M55
b)	Nature of the transaction	Share purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 23.62p 250,000
d)	Aggregated information -     Aggregated volume -     Price	250,000 ordinary shares £59,050
e)	Date of the transaction	12 November 2024
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Matthew Riley
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	Tialis Essential IT plc
b)	LEI	213800HA4PK7BHINK929
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 1p each GB00BN4M3M55
b)	Nature of the transaction	Share purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 23.62p 250,000
d)	Aggregated information -     Aggregated volume -     Price	250,000 ordinary shares £59,050
e)	Date of the transaction	12 November 2024
f)	Place of the transaction	London Stock Exchange

For more information, contact:

Tialis Essential IT Plc Ian Smith, Executive Director	Tel: [phone]
Cavendish Capital Markets Ltd Nominated Adviser and Broker Corporate finance: Jonny Franklin-Adams/ Abby Kelly Corporate Broking: Tim Redfern	Tel: [phone]

 

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