Completion of Fundraising, Acquisition & TVR

RNS Number : 3430J

IQGeo Group PLC

21 December 2020

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS OF THE ACQUISITION AND FUNDRAISING ARE SET OUT BELOW.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF IQGEO GROUP PLC.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

IQGEO GROUP PLC

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

Completion of Fundraising and Acquisition

Total Voting Rights

IQGeo Group plc (AIM: IQG), a provider of geospatial collaboration and productivity software to the telecommunications and utilities industries, confirms that following Admission becoming effective at 8.00 a.m. this morning, the Fundraising and Acquisition are now complete.

Total Voting Rights

Following Admission of the New Ordinary Shares and Initial Consideration Shares, the issued share capital of the Company consists of 57,312,252 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

The above figures may be used by shareholders in the Company, following completion of the Fundraising and Acquisition, 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.

Director participation

The following Directors subscribed for Ordinary Shares pursuant to the Subscription, as outlined below:

Director	Existing shareholding	Number of Subscription Shares	Resultant holding of Ordinary Shares	Percentage of enlarged issued share capital
Haywood Chapman*	-	102,564	102,564	0.18%
Ian Kershaw	19,000	19,231	38,231	0.07%
Andrew MacLeod	-	64,103	64,103	0.11%
Richard Petti	133,661	64,103	197,764	0.35%
Robert Sansom	3,831,714	384,615	4,216,329	7.36%
Paul Taylor	191,459	64,103	255,562	0.45%
Total	4,175,834	698,719	4,874,553	8.51%
*To be registered in the name of Deborah Anne Chapman, Haywood Chapman's wife.

In addition, Kestrel Partners LLP ("Kestrel Partners"), a substantial shareholder in the Company (as defined under the AIM Rules) subscribed for a total of 1,666,667 New Ordinary Shares in the Placing. Max Royde, Non-Executive Director of the Company, is a partner of, and holds a beneficial interest in, Kestrel Partners. Following Admission, Kestrel Partners will hold (and consequently Mr Royde is deemed to have a beneficial interest in) 14,347,020 Ordinary Shares in the Company, which represents 25.03 per cent. of the Company's issued share capital.

The definitions referenced in this announcement remain in line with those from the Company's announcements of 1 December 2020 unless otherwise stated.

Enquiries:

IQGeo Group plc	[phone]
Richard Petti, CEO	www.iqgeo.com
Haywood Chapman, CFO
finnCap Ltd - NOMAD and Broker	[phone]
Henrik Persson, Matthew Radley - Corporate Finance  Tim Redfern, Richard Chambers - ECM

Notes to editors

IQGeo's end-to-end geospatial software improves productivity and collaboration across enterprise planning, design, construction, maintenance and sales processes for telecoms and utility network operators. Our mobile-first enterprise solutions create and maintain, an accurate view of complex network assets that is easily accessible by anyone, wherever and whenever needed.

Specialized applications combined with our open IQGeo Platform help network operators create a single source of network truth to meet their digital transformation ambitions and operational KPIs. Our award-winning, cloud-enabled solutions save time and money, and improve safety and productivity, while enhancing customer satisfaction.

With over 50,000 active software users, IQGeo has an established and rapidly growing customer base with telecoms and utility companies worldwide.

IQGeo trades on AIM with the ticker IQG.

For additional information please visit www.iqgeo.com

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

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kestrel Partners LLP
2	Reason for the notification
a)	Position/status	PCA - Max Royde (non-executive director IQGeo Group plc)
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQGEO Group plc
b)	LEI	213800P2PCLCEFANB194
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 Identification code	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Purchase of new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 78p 1,666,667
d)	Aggregated information - Aggregated volume - Price	Total 1,666,667 shares @ 78 pence
e)	Date of the transaction	2020-12-21
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Haywood Chapman
2	Reason for the notification
a)	Position/status	Chief Financial Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQGEO Group plc
b)	LEI	213800P2PCLCEFANB194
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 Identification code	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Purchase of new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 78p 102,564
d)	Aggregated information - Aggregated volume - Price	Total 102,564 shares @ 78 pence
e)	Date of the transaction	2020-12-21
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Ian Kershaw
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQGEO Group plc
b)	LEI	213800P2PCLCEFANB194
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 Identification code	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Purchase of new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 78p 19,231
d)	Aggregated information - Aggregated volume - Price	Total 19,231 shares @ 78 pence
e)	Date of the transaction	2020-12-21
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew MacLeod
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQGEO Group plc
b)	LEI	213800P2PCLCEFANB194
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 Identification code	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Purchase of new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 78p 64,103
d)	Aggregated information - Aggregated volume - Price	Total 64,103 shares @ 78 pence
e)	Date of the transaction	2020-12-21
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Petti
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQGEO Group plc
b)	LEI	213800P2PCLCEFANB194
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 Identification code	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Purchase of new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 78p 64,103
d)	Aggregated information - Aggregated volume - Price	Total 64,103 shares @ 78 pence
e)	Date of the transaction	2020-12-21
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Robert Sansom
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQGEO Group plc
b)	LEI	213800P2PCLCEFANB194
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 Identification code	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Purchase of new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 78p 384,615
d)	Aggregated information - Aggregated volume - Price	Total 384,615 shares @ 78 pence
e)	Date of the transaction	2020-12-21
f)	Place of the transaction	London Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul Taylor
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	IQGEO Group plc
b)	LEI	213800P2PCLCEFANB194
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 Identification code	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Purchase of new Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) 78p 64,103
d)	Aggregated information - Aggregated volume - Price	Total 64,103 shares @ 78 pence
e)	Date of the transaction	2020-12-21
f)	Place of the transaction	London Stock Exchange

 

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