Director/PDMR Shareholding

RNS Number : 3367X

IQ-AI Limited

04 January 2022

 

4 January 2022

IQ-AI Ltd

("IQ-AI" or the "Company")

Director/PDMR Shareholding

IQ-AI announces that Michael Schmainda, Director of IQAI and CEO of Imaging Biometrics, has been granted an option to subscribe for 5,969,792 ordinary shares of 1p each in the Company ("Ordinary Shares") at an exercise price of 5.88p per share. The option will vest on 15 December 2024.

Michael Schmainda is currently interested in 9,108,400 Ordinary Shares, representing 4.99 per cent. of the voting rights of the Company.

The Directors of the Company accept responsibility for the contents of this announcement

-ENDS-

For further information, please contact:

IQ-AI Limited Trevor Brown/Brett Skelly/Vinod Kaushal Tel: [phone]

Peterhouse Capital Limited (Financial Adviser and Broker) Lucy Williams/Heena Karani Tel: [phone]

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	Michael Schmainda
2	Reason for the notification
a)	Position/status	Director of the Company
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQ-AI Limited
b)	LEI	213800SPW48XRJS2QH57
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 ISIN: JE00BD4H0R42
b)	Nature of the transaction	Grant of Option
c)	Price(s) and volume(s)	5,969,792 ordinary shares at 5.88p per share
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	15 December 2021
f)	Place of the transaction	N/A

Market Abuse Regulation (MAR) Disclosure

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as defined in the European Union (Withdrawal) Act 2018).

 

END

 

 

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