Exercise of Share Options

RNS Number : 1634E
Beeks Financial Cloud Group PLC
04 November 2020
 

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

Exercise of Share Options

04 November 2020 -  Beeks Financial Cloud Group plc (AIM: BKS), a cloud computing and connectivity provider for financial markets, announces that on 03 November 2020 it issued 44,118 ordinary shares of £0.00125 each ("Ordinary Shares") following an exercise of options under the Beeks Financial Cloud Employee Share Option Plan. The options were exercised by Fraser McDonald, Chief Financial Officer of the Company and a person discharging managerial responsibilities, at an exercise price of £0.00125 per Ordinary Share.

Application will be made for the 44,118 new Ordinary Shares to be admitted to trading on AIM ("Admission"), and dealings are expected to commence on or around 09 November 2020. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

Following Admission, the Company will have 51,272,376 Ordinary Shares in issue. The Company has no shares in treasury, therefore the figure of 51,272,376 should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Upon Admission, Mr McDonald will be beneficially interested in 44,118 Ordinary Shares, representing approximately 0.09% of the enlarged issued share capital of the Company.

 

For further information please contact:

Beeks Financial Cloud Group plc


Gordon McArthur, CEO

via Alma PR

Fraser McDonald, CFO


Canaccord Genuity

+44 (0)20 7523 8000

Adam James / Angelos Vlatakis


Alma PR

+44(0)20 3405 0212

Caroline Forde / Helena Bogle / Josh Royston


 

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a leading cloud computing, connectivity and analytics provider for financial services. Our cloud-based Infrastructure-as-a-Service (IaaS) model allows financial organisations the flexibility and agility to deploy and connect to a variety of exchanges, trading venues and cloud service providers at a fraction of the cost of building their own networks and infrastructure. Based in the UK with an international network of 18 datacentres, Beeks supports its global customers at scale in the leading financial centres.

For more information, visit:  www.beeksfinancialcloud.com

 

1

Details of the person discharging managerial responsibilities / person closely associated
 

a) 

Name

Fraser McDonald

2

Reason for the notification
 

a)

Position/status

Chief Financial Officer

b)
 

Initial notification /Amendment

Initial Notification

3

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

a)
 

Name

Beeks Financial Cloud Group plc

b)
 

LEI

213800XD729OTYVOMR79

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 £0.00125 each



Identification code

ISIN: GB00BZ0X8W18



b)

 

Nature of the transaction

Exercise of Share Options

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00125

44,118



d)

 

Aggregated information




- Aggregated volume

- Price

- Total

 

N/A

e)

Date of the transaction
 

03 November 2020

f)
 

Place of the transaction

Outside a trading venue

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFFFVLLALVIII
UK 100

Latest directors dealings