Transfer of Shares

RNS Number : 2748I

ECSC Group PLC

23 November 2018

 

                                  23 November 2018

ECSC Group plc

("ECSC" or the "Company" or the "Group")

Director/PDMR/PCA Shareholdings

ECSC Group plc (AIM: ECSC), the provider of cyber security services, announces that, following an agreement reached as part of their divorce settlement, on 21 November 2018 Ravinder Bahra, a person closely associated (PCA) with Ian Mann, transferred 600,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") to Ian Mann, the Company's Chief Executive Officer and a person discharging managerial responsibilities (PDMR).

Following this transfer, Ian Mann has substantially increased his holding in the Company and now has an interest in 2,248,690 Ordinary Shares, equivalent to approximately 24.8 per cent. of the issued share capital and voting rights of the Company. Ravinder Bahra will retain an interest in 1,119,068 Ordinary Shares, equivalent to approximately 12.3 per cent. of the issued share capital and voting rights of the Company.

This notification is made in accordance with the requirements of the EU Market Abuse Regulation. The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended further below.

Enquiries:

ECSC Group plc David Mathewson (Non-Executive Chairman) Ian Mann (Chief Executive Officer)	[phone]
Allenby Capital (NOMAD and Broker) David Hart Nicholas Chambers	[phone]

For more information please visit the following: www.ecsc.co.uk   

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 Mann
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	ECSC Group plc
b)	LEI	213800CG9B473DGJDC94
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 0.1p each in ECSC Group plc Identification code (ISIN) for ECSC Group plc ordinary shares: GB00BYMJ4J99
b)	Nature of the transaction	Transfer of Ordinary Shares from Ravinder Bahra to Ian Mann for nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 600,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	21 November 2018
f)	Place of the transaction	Outside of trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ravinder Bahra
2	Reason for the notification
a)	Position/status	Person closely associated with Ian Mann, 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	ECSC Group plc
b)	LEI	213800CG9B473DGJDC94
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 0.1p each in ECSC Group plc Identification code (ISIN) for ECSC Group plc ordinary shares: GB00BYMJ4J99
b)	Nature of the transaction	Transfer of Ordinary Shares from Ravinder Bahra to Ian Mann for nil consideration
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 600,000
d)	Aggregated information - Aggregated volume - Price	N/A
e)	Date of the transaction	21 November 2018
f)	Place of the transaction	Outside of trading venue

 

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