Change in Director's Interests

RNS Number : 6339H

IQGeo Group PLC

01 August 2019

 

1 August, 2019

IQGEO Group Plc

Change in Directors' Dealings

IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 1 August 2019 from Kestrel Partners LLP ("Kestrel") that on 1 August 2019 it transferred, on behalf of its discretionary clients, 50,630 ordinary shares of 2p each ("Shares") in the Company from accounts managed by Kestrel to the client's broker accounts. This transfer by Kestrel was made at the request of the client and there is no change in ultimate beneficial ownership.

The notification by Kestrel also included the matters set out below:

Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect Shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.

Mr Scott is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in IQGEO.

Prior to the transfer of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 19,045,493 Shares in the Company.

Of the Shares transferred, none were for Kestrel Opportunities which holds 15,082,597 Shares, and therefore all were for accounts in which Mr Scott has no beneficial interest, who, following this transaction, hold 3,912,266 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 18,994,863 Shares in the Company, which represents approximately 25.91% of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

Holding type	Nominee	No. of shares	% of issued share capital
Indirect	Bank of New York Nominees Ltd	15,082,597	20.58%
Indirect	JIM Nominees Limited	446,780	0.61%
Indirect	Bank of New York Nominees Ltd	27,435	0.04%
Indirect	Bank of New York Nominees Ltd	3,438,051	4.69%

For further information contact:

IQGEO Group plc	[phone]
Richard Petti
Tim Gingell
finnCap Ltd	[phone]
Henrik Persson, Anthony Adams (Corporate Finance)
Tim Redfern, Richard Chambers (ECM)
Tulcan Communications LLP	[phone]
James Macey White

ANNEX

Template for 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	Kestrel Partners LLP ('Kestrel')
2	Reason for the notification
a)	Position/status	PCA - Oliver Rupert Andrew Scott (non-executive director IQGEO Group plc)
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQGEO Group plc
b)	LEI	213800P2PCLCEFANB194
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	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Transfer for a client account managed by Kestrel to client account held at separate broker. No change of beneficial ownership.
c)	Price(s) and volume(s)	Price(s) Volume(s) N/A 50,630 Shares
d)	Aggregated information - Aggregated volume - Price	Total 50,630 shares
e)	Date of the transaction	2019-August-1
f)	Place of the transaction	London Stock Exchange

 

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