Director/PDMR Share Transaction

RNS Number : 3769T
Path Investments plc
24 March 2021
 

 

24 March 2021

Path Investments plc
("Path" or the "Company")

Director/PDMR Share Transaction

 

 

Path Investments plc (TIDM: PATH)   announces that it was notified on 24 March 2021 that John Allardyce a director/person discharging managerial responsibility in the Company has, in order to transfer his shareholding in the Company into his ISA and SIPP, sold 6,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.2615 pence per Ordinary Share and then repurchased into his SIPP 2,400,000 Ordinary Shares at a price of 0.2770 pence per Ordinary Share and 3,600,000 Ordinary Shares into his ISA at a price of 0.2750 pence per Ordinary Share. The transactions took place on 24 March 2021 and further information is contained in the disclosure tables below.

 

The transactions were entered into in accordance with an exception from the lock up arrangements applicable to Existing Directors as described and defined in the Company's prospectus published on 12 March 2021.

 

Following the transactions, there has been no change in the number of the Company's shares in which John Allardyce has an interest.

 

For further information please contact:

Path Investments plc

C/O IFC

Christopher Theis

Jack Allardyce




IFC Advisory (Financial PR & IR)

020 3934 6630

Tim Metcalfe

Zach Cohen




Grant Thornton UK LLP (Financial Adviser)

Jamie Barklem

Samantha Harrison

Harrison Clarke

020 7383 5100

 



ETX Capital (Broker)

020 7392 1400

Elliot Hance


 

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 

1.

Details of Director/PDMR

(a)

Name

John Allardyce

2.

Reason for notification

(b)

Position / status

Director

 

(c)

Initial notification / amendment

Initial notification

3.

Details of the Issuer

(a)

Name

Path Investments plc

(b)

LEI

21380058VQBP76M7TN11

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 transaction(s) have been conducted

(a)

Description of the financial instrument, type of instrument, Identification code

Ordinary shares of 0.1 pence each

ISIN GB00BYQD5059

PATH

(b)

Nature of the transaction

Sale of Ordinary Shares

(c)

Price(s) and volume

  Price

Volume

0.2615 pence

6,000,000

 

 

 

 

 

(d)

Aggregated information

Aggregated Volume

Price

 

 

6,000,000

£15,690.00

(e)

Date of the transactions

24 March 2021

 

(f)

Place of the transactions

London Stock Exchange

 

 

1.

Details of Director/PDMR

(a)

Name

John Allardyce

2.

Reason for notification

(b)

Position / status

Director

 

(c)

Initial notification / amendment

Initial notification

3.

Details of the Issuer

(a)

Name

Path Investments plc

(b)

LEI

21380058VQBP76M7TN11

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 transaction(s) have been conducted

(a)

Description of the financial instrument, type of instrument, Identification code

Ordinary shares of 0.1 pence each

ISIN GB00BYQD5059

PATH

(b)

Nature of the transaction

Purchase of Ordinary Shares

(c)

Price(s) and volume

  Price

Volume

0.2770 pence

2,400,000

0.2750 pence

3,600,000

 

 

 

(d)

Aggregated information

Aggregated Volume

Price

 

 

6,000,000

£16,548.00

(e)

Date of the transactions

24 March 2021

 

(f)

Place of the transactions

London Stock Exchange

 

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