Acquisition of Shares by Major Shareholder

RNS Number : 9321Q
Anexo Group PLC
03 March 2021
 

For immediate release

3 March 2021

 

Anexo Group plc

('Anexo' or the 'Group')

 

Acquisition of Shares by Major Shareholder/PDMR Dealings

 

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, is pleased to announce that following the initial acquisition by DBAY Advisors Limited ('DBAY') of 9.9% of the issued share capital of the Group as announced on 12 November 2020, regulatory approvals from the Financial Conduct Authority and the Solicitors' Regulatory Authority have been obtained. Consequently, on 2 March 2021 DBAY completed the acquisition of an additional 19.1% shareholding in the Group, resulting in an aggregate stake of 29%.

 

Information relating to the sale of shares to DBAY over the two tranches and the resulting holdings for Alan Sellers, Samantha Moss and Valentina Slater is provided in the table below:

 

 

 

Ordinary Shares transferred to DBAY

Resulting holding

Percentage of issued share capital

Shareholder

Tranche 1

Tranche 2

 

 

Alan Sellers

5,150,100

9,936,051

20,028,165

17%

Samantha Moss

5,291,703

10,209,244

20,578,843

18%

Valentina Slater

1,042,198

2,010,705

4,052,991

3%

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alan Sellers

 

2

Reason for the notification

a)

Position/status

Executive Chairman

 

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Anexo Group plc

 

b)

LEI

213800CJHD5C8M4MEY87

 

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 0.05p each

 

 

ISIN: GB00BF2G3L29

 

b)

Nature of the transaction

Sale of ordinary shares

 

c)

Price(s) and volume(s)

 Price

No. of shares

150p

9,936,051

 

d)

Aggregated information

volume

- Price

 

Volume: 9,936,051

Weighted average price: 150p

e)

Date of the transaction

2 March 2021

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Samantha Moss

 

2

Reason for the notification

a)

Position/status

Director

 

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Anexo Group plc

 

b)

LEI

213800CJHD5C8M4MEY87

 

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 0.05p each

 

 

ISIN: GB00BF2G3L29

 

b)

Nature of the transaction

Sale of ordinary shares

 

c)

Price(s) and volume(s)

 Price

No. of shares

150p

10,209,244

 

d)

Aggregated information

-volume

- Price

 

Volume: 10,209,244

Weighted average price: 150p

e)

Date of the transaction

2 March 2021

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Valentina Slater

 

2

Reason for the notification

a)

Position/status

Director of subsidiary

 

b)

 

Initial notification /Amendment

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Anexo Group plc

 

b)

LEI

213800CJHD5C8M4MEY87

 

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 0.05p each

 

 

ISIN: GB00BF2G3L29

 

b)

Nature of the transaction

Sale of ordinary shares

 

c)

Price(s) and volume(s)

 Price

No. of shares

150p

2,010,705

 

d)

Aggregated information

volume

- Price

 

Volume: 2,010,705

Weighted average price: 150p

e)

Date of the transaction

2 March 2021

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

 

-Ends-

 

For further enquiries:

Anexo Group plc

+44 (0) 151 227 3008

www.anexo-group.com

Alan Sellers, Executive Chairman

Mark Bringloe, Chief Financial Officer

Nick Dashwood Brown, Head of Investor Relations

 

 

Arden Partners plc

(Nominated Adviser and Broker)

 

John Llewellyn-Lloyd / Benjamin Cryer (Corporate)

Tim Dainton (Equity Sales)

 

 

+44 (0) 20 7614 5900

www.arden-partners.co.uk

Berenberg

(Joint Broker)

 

Mark Whitmore / Yudith Karunaratna 

+44 (0) 20 3207 7800

www.berenberg.de/en

 

Notes to Editors:

 

Anexo is a specialist integrated credit hire and legal services provider.  The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm.  The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.

 

Through its dedicated Credit Hire sales team and network of 1,100 plus active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services.  The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.

 

For additional information, please visit: www.anexo-group.com

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