Director Dealings

RNS Number : 4835E

Challenger Acquisitions Limited

18 July 2016

 

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	Chiel Smits
2.	Reason for the Notification
a)	Position/status	CEO of Starneth Group (subsidiary)
b)	Initial notification/Amendment	Initial Notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Challenger Acquisitions Limited (LSE: CHAL.L)
b)	LEI	213800T424TYEZ5PLE75
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
	Identification code	GG00BV0LCK35
b)	Nature of the transaction	Deferred consideration shares received in accordance with terms set out in the prospectus issued on 2 December 2015
c)	Price(s) and volume(s)	Price(s) Volume(s) n/a 880,000
d)	Aggregated information: ·      Aggregated volume ·      Price	880,000 ordinary shares of 1 pence received in accordance with the terms of the acquisition of Starneth set out in the prospectus published by Challenger on 2 December 2015.
e)	Date of the transaction	18 July 2016
f)	Place of the transaction	London Stock Exchange

**ENDS**

For more information visit www.challengeracquisitions.com or enquire to:

Challenger Acquisitions Limited
Mark Gustafson	[phone]
St Brides Partners Ltd (PR)
Lottie Brocklehurst, Charlotte Heap	[phone]
finnCap (Financial Adviser and Broker)
Adrian Hargrave, James Thompson, Kate Bannatyne	[phone]

Notes to Editors:

Challenger (LSE: CHAL) is focused on the design, engineering, project management and investment in select giant observation wheels.  By combining its world-class team of technical engineering and project management skills with proven international financial expertise, the Company is ideally positioned to become a leader in the giant observation wheel sector. 

The Company, which also has a ~3% equity interest in the US$500 million New York Wheel Project, is currently focusing on appraising approximately 25 opportunities in its project pipeline where it believes that it can utilise its expertise.  With a team that has worked on four of the largest giant observation wheels constructed over the last 16 years, including the iconic London Eye, the Company is building on its unique position to deliver projects and generate shareholder value.

 

END

 

 

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