Issue of Equity / PDMR Dealing

RNS Number : 0180N
Bigblu Broadband PLC
19 September 2019
 

Bigblu Broadband plc

("BBB" or the "Company")

 

Issue of Equity / PDMR Dealing

 

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast broadband services, announces that on 13 September 2019 a total of 733,333 options over ordinary shares of £0.15 each in the Company ("Ordinary Shares") were exercised and subsequently sold by a number of staff including Directors pursuant to the terms of the Company's Enterprise Management Incentive ("EMI") scheme and the Company's unapproved option scheme as per the table below:

 

Name of Option Holder

Type of Award

Exercise Price per Share

Number of Shares Exercised

Aggregate Exercise Price Payable

Number of Shares Sold

Price Sold At

Christopher Hunter (Chief Sales Officer)

EMI Option

£0.79

108.333

£104,999.73

133,333

£1.10

Francis Waters (Chief Financial Officer)

EMI Option

£0.79

227,272

£178,976.70

227,272

£1.10

Francis Waters (Chief Financial Officer)

Unapproved option

£0.79

6,060

£4.772.75

6,060

£1.10

Francis Waters (Chief Financial Officer)

EMI Option

£0.30

189,783

£56,251.68

189,783

£1.10

Jonathan Robinson (Chief Marketing Officer)

EMI Option

£0.30

189,783

£56,251.68

189,783

£1.10

Jonathan Robinson (Chief Marketing Officer)

EMI Option

£0.79

12,102

£9,268.08

12,102

£1.10

Total



733,333

£391,095.37

733,333


 

As a result of the above transactions, application has been made for a total of 733,333 new Ordinary Shares to be admitted to trading on AIM on 20 September 2019.

 

Total voting rights

Following admission, the Company will have a total of 57,570,879 Ordinary Shares in issue with one voting right per share.

 

The above 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

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

 

Chris Hunter

Francis Waters

Jonathan Robinson

2

Reason for the notification

a)

Position/status

 

Chief Sales Officer

Chief Financial Officer

Chief Marketing Officer

b)

Initial notification /Amendment

 

Initial Notification

3

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

a)

Name

 

Bigblu Broadband plc

b)

LEI

 

2138008P6X5EX455KU41

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 £0.15 each

 

 

Identification code

ISIN: GB00BD5JMP10

 

 

b)

Nature of the transaction

 

Exercise of options

Disposal of shares

c.

Price(s) and volume(s)

Option exercise:

Share sale:

Option exercise:

Share sale:

Option exercise:

Share sale:

Option exercise:

Share sale:

Option exercise:

Share sale:

 

Name(s)

Price(s)

Volumes(s)

Chris Hunter

£0.79

108,333

Chris Hunter

£1.10

108,333

Francis Waters            

£0.79

233,332

Francis Waters            

£1.10

233,332

Francis Waters            

£0.30

189,783

Francis Waters            

£1.10

189,783

Jonathan Robinson    

£0.30

189,783

Jonathan Robinson    

£1.10

189,783

Jonathan Robinson    

£0.79

12,102

Jonathan Robinson    

£1.10

12,102

d)

Aggregated information:


 

 

- Aggregated volume

733,333

 

 

- Price

£391,095.37

 

 

e)

Date of the transaction

 

Option exercise: 13 September 2019

Share sale: 13 September 2019

f)

Place of the transaction

 

Option exercise: Outside a trading venue

Share sale: London Stock Exchange, AIM Market (XLON)

 

 

Contacts

Bigblu Broadband plc

www.bbb-plc.com

Andrew Walwyn, Chief Executive Officer

Simon Clifton, Chief Technology Officer

Dominic Del Mar, Corporate Development

Via Walbrook PR

 

Numis Securities (Nomad and broker)

Tel: +44 (0)20 7260 1000

Oliver Hardy (Corporate Advisory)


James Black (Corporate Broking)


 

Walbrook (Media and Investor Relations)

Tel: +44 (0)20 7933 8780

Paul Cornelius / Nick Rome

or bigblubroadband@walbrookpr.com

 


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