Issue of Shares and Director / PDMR Dealing

RNS Number : 3964U

Dods Group PLC

29 July 2020

 

29 July 2020

Dods Group plc

("Dods" or "the Group" or "the Company")

Issue of Shares and Director / PDMR Dealing

Further to the announcement dated 28^th June 2019 the Company is pleased to confirm the allotment of 26,141,667 new ordinary shares ("Shares") in connection with its deferred consideration obligations entered into as part of the Company's acquisition of Meritgroup Limited. Such Shares form part of the total consideration communicated at the time of the announcement of the acquisition (and, specifically, represent the share consideration payable by the Company on the first anniversary of completion of the acquisition). The following individuals have been allotted Shares:

-  Cornelius ("Con") Anthony Conlon  13,333,819 Shares;

-  Anthony Buttanshaw                              9,734,895 Shares;

-  Benjamin Tindall                                    3,072,953 Shares.

Following this issue of shares, Mr. Conlon is interested in 20,329,675 shares representing 3.5 % of the Company's issued share capital.

An application has been made for 26,141,667 Shares to be admitted to trading on AIM (Admission), which is expected to take place at 8.00 a.m. on 3 August 2020.

Following Admission, the Company's issued ordinary share capital will comprise 582,071,380 ordinary shares of 1 pence each in the capital of the Company, of which none are held in treasury. The above figure of 582,071,380 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 voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Con Conlon is Managing Director of Dods Technology and was appointed to the Group Board on 1st July 2020. Together with Munira Ibrahim (Managing Director of Dods Intelligence) he is responsible for managing the group and its future development.

Both Con and Munira are therefore people discharging managerial responsibilities.

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	Cornelius Anthony Conlon
2	Reason for the notification
a)	Position/status	Executive Director
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Dods Group plc
b)	LEI	213800HG65J6TYGNJU20
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: GB0031129579
b)	Nature of the transaction	Issue of shares
c)	Price(s) and volume(s)	Price(s) Volume(s) NA 26,141,667
d)	Aggregated information - Aggregated volume - Price	n/a (single transaction)
e)	Date of the transaction	3 August 2020
f)	Place of the transaction	Outside of trading venue

For further information, please contact: 

Dods Group plc

Mark Smith - Interim Non-Executive Chairman   020 7593 5500

www.dodsgroup.com

Liberum (Nomad and Broker)

Neil Patel      020 3100 2000 

Cameron Duncan

Louis Davies

 

END

 

 

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