Notice of Director/PDMR Warrant exercise
29 April 2025
Built Cybernetics plc
("Built Cybernetics", the "Company," or, together with its subsidiaries, the "Group")
Notice of Director/PDMR Warrant exercise
Built Cybernetics plc (AIM: BUC), the Smart Buildings Group, announces that certain directors/PDMRs who hold Built Cybernetics warrants are exercising their entire warrant holdings. In aggregate, 14,000,000 warrants are being exercised at one penny each, which will result in the issue of 14,000,000 new ordinary shares of one penny each in the Company ("Ordinary Shares"). Total gross proceeds to the Company from the warrants exercise will be £140,000.
The majority of the warrants being exercised are held in workplace SIPP accounts with third parties and accordingly the full exercise process may take several weeks. Accordingly, application will be made to the London Stock Exchange for admission ("Admission") of the 14,000,000 new Ordinary Shares in due course and a further announcement will be made as appropriate.
The participation by members of the Board and management in the exercise of warrants is as set out in the table below:
|
Name |
Role |
Number of Warrants being exercised |
Resultant no. of Ordinary Shares held |
% enlarged share capital* |
|
Nick Clark |
Chief Executive |
2,000,000 |
44,531,539 |
12.54% |
|
Tony Barkwith |
Group Finance Director |
5,000,000 |
10,000,000 |
2.82% |
|
Freddie Jenner |
Chief Operating Officer |
2,500,000 |
11,064,817 |
3.12% |
|
Robert Fry |
Deputy Chairman |
2,000,000 |
6,150,000 |
1.73% |
|
Jason Brameld |
CTO (non-Board PDMR) |
2,500,000 |
5,785,110 |
1.63% |
* as enlarged by the exercise of the 14,000,000 warrants
No members of the board hold any further warrants. Following the exercise of these warrants there are 23,500,000 warrants outstanding which, if exercised, would raise a further £235,000 for the Company.
For further information, please contact:
|
Investor Enquiries We encourage all investors to share questions on this announcement via our investor hub |
|
|
Built Cybernetics plc Nick Clark, Chief Executive |
+44 (0) 20 7843 3001 |
|
Strand Hanson Limited, Financial and Nominated Advisor Richard Johnson, James Bellman |
+44 (0) 20 7409 3494 |
|
Zeus Capital Limited, Broker Simon Johnson, Louisa Waddell |
+44 (0) 20 3829 5000 |
About Built Cybernetics plc
Built Cybernetics is a London-quoted PropTech group delivering Smart Buildings and related services. The Group is uniquely positioned to ensure the technical systems that run modern premises are designed as an integral part of the structure, from the outset. By cross-selling smart buildings services alongside our renowned architecture projects, the Group's strategy positions Built Cybernetics plc to build beyond one-off project fees and generate scalable and recurring revenues for our investors.
Subscribe to our news alert service: https://builtcybernetics.com/auth/signup
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended by virtue of the Market Abuse (Amendment) (EU Exit) Regulations 2019.
The below notification is made in accordance with the Article 19 of the Market Abuse Regulation (EU) 596/2014, as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended.
|
1 |
Details of the person discharging managerial responsibilities / person closely associated |
||||
|
a) |
Name |
1. Nick Clark 2. Tony Barkwith 3. Freddie Jenner 4. Robert Fry 5. Jason Brameld
|
|||
|
2 |
Reason for the notification |
||||
|
a) |
Position/status
|
1. Director (Chief Executive) 2. Director (Group Finance Director) 3. Director (COO) 4. Director (Deputy Chairman) 5. PDMR (CTO)
|
|||
|
b) |
Initial notification /Amendment |
Initial Notification |
|||
|
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||
|
a) |
Name |
Built Cybernetics plc |
|||
|
b) |
LEI |
213800WWNHLPUBSUK220 |
|||
|
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 1 penny each |
|||
|
Identification code |
GB0000617950 |
||||
|
b) |
Nature of the transaction |
Exercise of warrants to subscribe for Ordinary Shares |
|||
|
c) |
Currency |
GBP - British Pound |
|||
|
d)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
All at 1p per share
|
1. 2,000,000 2. 5,000,000 3. 2,500,000 4. 2,000,000 5. 2,500,000 |
|
|
|
|
|
|
|
|
|
|
e)
|
Aggregated information |
|
|||
|
|
|
||||
|
- Aggregated volume |
14,000,000 |
||||
|
|
|
||||
|
- Aggregate Value |
£140,000 |
||||
|
|
|
||||
|
f) |
Date of the transaction |
28 April 2025 |
|||
|
g) |
Place of the transaction |
Off-market |
|||
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