Issue of Equity and Director / PDMR Shareholding

RNS Number : 5794L

Arcontech Group PLC

20 April 2018

 

ARCONTECH GROUP PLC

("Arcontech", the "Company" or the "Group")

Issue of Equity and Director / PDMR Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 407,516 ordinary shares of £0.125 each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to exercises of options over Ordinary Shares by Matthew Jeffs (Chief Executive of the Company) and Louise Barton (Non-Executive Director of the Company).

Director	Ordinary Shares held prior to exercise	Options over Ordinary Shares exercised	Ordinary Shares held on Admission	Percentage of issued share capital held on Admission
Matthew Jeffs	522,484	367,516	890,000	6.7%
Louise Barton	1,031,416	40,000	1,071,416	8.1%

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 26 April 2018. On Admission the Company's issued share capital will comprise 13,210,510 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 13,210,510. This figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Arcontech Group plc	020 7256 2300
Richard Last, Chairman and Non-Executive Director
Matthew Jeffs, Chief Executive
finnCap Ltd (Nomad & Broker)	020 7220 0500
Carl Holmes/Simon Hicks

To access more information on the Group please visit: www.arcontech.com

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Matthew Jeffs (Chief Executive / PDMR) Louise Barton (Non-Executive Director / PDMR)
2.	Reason for the Notification
a)	Position/status	See 1 (a) above
b)	Initial notification/Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Arcontech Group Plc
b)	LEI	213800O7PM9V79TP7523
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	Ordinary shares of £0.125
	Identification code	ARC GB00BDBBJZ03
b)	Nature of the transaction	Exercise of Options over Ordinary Shares
c)	Price(s) and volume(s)	Matthew Jeffs Price(s) Volume(s) 12.50p 127,516 23.75p 240,000 Louise Barton Price(s) Volume(s) 23.75p 40,000
d)	Aggregated information: ·      Aggregated volume ·      Price	See 4 (c) above
e)	Date of the transaction	19 April 2018
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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