Share Allotment, TVR and Directors' Dealings

Blancco Technology Group PLC

18 October 2023

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

 

18 October 2023

BLANCCO TECHNOLOGY GROUP PLC

 

(the "Company" or "Blancco")

 

SHARE ALLOTMENT, TOTAL VOTING RIGHTS AND DIRECTORS' DEALINGS

 

Further to the announcement made on 16 October 2023 that the Offer made by Bidco for the entire issued and to be issued share capital of Blancco had become unconditional, Blancco Technology Group (AIM: BLTG) announces that, on 17 October 2023, 1,864,742 Ordinary Shares of 2p each ("the New Ordinary Shares") were issued and allotted, conditional on Admission of the New Ordinary Shares to trading on AIM, to satisfy the vesting of awards and exercise of options held by employees (including certain directors, further details of which are provided below) of the Company pursuant to the Company's performance share plan and save as you earn plan. 

Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on or around 24 October 2023. The employees as beneficial holders of the New Ordinary Shares have given instructions to Blancco Trustees Limited in its capacity as the legal owner of the New Ordinary Shares to accept the Offer.

Following Admission, the New Ordinary Shares will rank equally with the existing Ordinary Shares, the total number of Ordinary Shares in issue will be 77,574,599 and the total number of voting rights will also be 77,574,599. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Group under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms and expressions used but not defined in this announcement have the same meanings as given to them in the Offer Document published by Bidco and dated 8 August 2023.

 

Directors' dealings

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Matt Jones
2.	Reason for the notification
a)	Position/status:	Chief Executive Officer
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Blancco Technology Group plc
b)	LEI:	2138008487QKMQTA5428
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 2p each GB00B06GNN57
b)	Nature of the transaction:	Vesting of performance share plan awards
c)	Price(s) and volume(s):	Price(s) Volume(s) nil 523,031
d)	Aggregated information: ·    Aggregated volume: ·    Price:	Single transaction as in 4 c) above 523,031 nil
e)	Date of the transaction:	2023-10-17
f)	Place of the transaction:	Outside of a trading venue
1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Adam Moloney
2.	Reason for the notification
a)	Position/status:	Chief Financial Officer
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	Blancco Technology Group plc
b)	LEI:	2138008487QKMQTA5428
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 2p each GB00B06GNN57
b)	Nature of the transaction:	Vesting of performance share plan awards,  exercise of nil cost options and SAYE options
c)	Price(s) and volume(s):	Price(s) Volume(s) nil 181,490
d)	Aggregated information: ·    Aggregated volume: ·    Price:	Single transaction as in 4 c) above 181,490 nil
e)	Date of the transaction:	2023-10-17
f)	Place of the transaction:	Outside of a trading venue

For further information:

Blancco Technology Group plc Matt Jones, Chief Executive Officer Adam Moloney, Chief Financial Officer Lorraine Young, Company Secretary	Via Buchanan
Stifel Nicolaus Europe Limited (Joint Financial Adviser and Corporate Broker to Blancco) Nick Adams Nick Harland Richard Short Ben Burnett	[phone]
Buchanan Communications Limited Chris Lane / Jack Devoy [e-mail]	[phone]

About Blancco

Blancco Technology Group plc is a leading global provider of mobile lifecycle solutions and secure data erasure solutions.  For more information, please visit www.blancco.com.

 

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