Directors' Dealing

RNS Number : 3886R

dotDigital Group plc

08 March 2016

 

FOR IMMEDIATE RELEASE                                                                                                                           8 MARCH 2016

dotdigital Group plc

("dotdigital" or the "Company")

Directors' Dealing

dotdigital Group Plc (AIM:DOTD), the leading provider of intuitive Software as a Service and managed services to digital marketing professionals, announces that the Company was informed on 7 March 2016 that certain Directors of the Company as detailed below reduced their holdings in ordinary shares of 0.5 pence each in the capital the Company ("Ordinary Shares") in order to satisfy strong demand from institutional investors.

Director	Date of Transaction	Number of Ordinary Shares disposed of	Price at which the Ordinary Shares were disposed of	Beneficial holding of Ordinary Shares following this transaction	Beneficial holding of Ordinary Shares following this transaction (%)
Ian "Tink" Taylor	07/03/2016	2,500,000	42.29p	36,776,667	12.50%
Peter Simmonds	07/03/2016	600,000	42.29p	3,991,470	1.36%
Frank Beechinor	07/03/2016	100,000	42.29p	199,194	0.07%
Milan Patel	07/03/2016	400,000	42.29p	1,575,927	0.53%
Milan Patel, Interim CEO & CFO, commented:

"Whilst Directors still hold a significant position in dotdigital of over 20%, we are delighted with the investment interest in the Company demonstrated by a number of our highly regarded current institutional investors as well as introductions to new funds, which we believe will continue to strengthen our shareholder base over the medium and longer term. This follows on from our recent intensive and extremely positive Interim results roadshow."

For further enquiries please contact:

dotdigital Group Plc Milan Patel, CEO & CFO	Tel: [phone]
Financial PR and Investor Relations Lisa Baderoon [e-mail]	Tel: [phone]
N+1 Singer (Nominated Adviser and Joint Broker) Shaun Dobson, Head of Corporate Finance Liz Yong, Corporate Finance	Tel: [phone]
finnCap (Joint Broker) Stuart Andrews, Corporate Finance	Tel: [phone]

 

END

 

 

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