Information  X 
Enter a valid email address

Checkit PLC (CKT)

  Print      Mail a friend

Tuesday 10 December, 2019

Checkit PLC

Director Dealings and Related Party Transactions

RNS Number : 3506W
Checkit PLC
10 December 2019
 

Checkit plc

("Checkit" or the "Company")

Director's Dealings and Related Party Transactions

Further to the announcement on 3 December 2019, the directors' participation in the Tender Offer is set out below:

 

Number of Ordinary Shares prior to the Tender Offer

Percentage of issued share capital prior to the Tender Offer

Number of Ordinary Shares sold under the Tender Offer at 65p per Ordinary Share

Number of Ordinary Shares following the Tender Offer

Percentage of issued ordinary share capital following cancellation of the Tender Offer shares

Keith Daley

21,710,516

11.67%

14,473,677

7,236,839

11.67%

Andy Weatherstone

621,425

0.33%

465,661

155,764

0.25%

John Wilson

2,775,000

1.49%

2,043,064

731,936

1.18%

Giovanni Ciuccio

13,500

0.01%

8,065

5,435

0.01%

Richard "Ric" Piper

380,333

0.20%

280,016

100,317

0.16%

 

The participation by the directors in the Tender Offer constitutes a related party transaction for the purposes of the AIM Rules. Furthermore, D&A Income Limited and Ruffer LLP are substantial shareholders in the Company in accordance with the definitions of the AIM Rules and therefore, their participation also constitutes a related party transaction for the purposes of the AIM Rules.

As there are no independent directors (for the purposes of the Tender Offer) to provide a fair and reasonable statement because all of the directors are participating in the Tender Offer, N+1 Singer (in its capacity as nominated adviser for the purposes of the AIM Rules) considers that the participation by the directors and substantial shareholders in the Tender Offer is fair and reasonable insofar as the shareholders of the Company are concerned.

-END-

For further information:

Checkit plc                                                                                                                  +44 (0) 1223 371 000 

www.checkit.net

Keith Daley (Executive Chairman)                                                           

Andrew Weatherstone (Chief Financial Officer & Company Secretary)    

 

Yellowstone Advisory (Investor Relations)

Alex Schlich                                                                                                                +44 (0) 7710 164 120

 

N+1 Singer (Nominated Adviser & Broker)                                            

Shaun Dobson / George Tzimas (Corporate Finance)                                          +44 (0) 20 7496 3000 

Rachel Hayes (Corporate Broking)                                                            

 

Note to editors:

Checkit's real-time operations management software makes organisations smart, safe and efficient. Our products use Internet of Things ("IoT"), mobile and cloud technologies to ensure our customers get the best out of their mobile teams, processes and buildings. Checkit users operate in many sectors including Retail, Hospitality, Healthcare, Real Estate Management and Manufacturing. Checkit is headquartered in Cambridge, UK with its Operations Centre in Fleet, UK and a Sales and Service office in California, USA.

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Keith Daley

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Executive Chairman

b)

 

Initial notification /Amendment

 

 

Initial

3

 

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

 

a)

 

Name

 

 

Checkit Plc

b)

 

LEI

 

 

213800556WJOWQNT2R68

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 5p Each

 

 

Identification code

GB00B0C5RG72

 

 

b)

 

Nature of the transaction

 

 

Participation in Tender Offer / Sale of Shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

65

14,473,677

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

n/a

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

5 December 2019

f)

 

Place of the transaction

 

 

London

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Andy Weatherstone

 

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

 

 

Checkit Plc

b)

 

LEI

 

 

213800556WJOWQNT2R68

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 5p Each

 

 

Identification code

GB00B0C5RG72

 

 

b)

 

Nature of the transaction

 

 

Participation in Tender Offer / Sale of Shares

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

65

465,661

 

 

 

 

 

 

d)

 

Aggregated information

n/a

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

5 December 2019

f)

 

Place of the transaction

 

 

London

 

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

John Wilson

 

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

 

 

Checkit Plc

b)

 

LEI

 

 

213800556WJOWQNT2R68

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 5p Each

 

 

Identification code

GB00B0C5RG72

 

 

b)

 

Nature of the transaction

 

 

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

65

2,043,064

 

 

 

 

 

 

d)

 

Aggregated information

n/a

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

5 December 2019

f)

 

Place of the transaction

 

 

London

 

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Giovanni Ciuccio

 

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

 

 

Checkit Plc

b)

 

LEI

 

 

213800556WJOWQNT2R68

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 5p Each

 

 

Identification code

GB00B0C5RG72

 

 

b)

 

Nature of the transaction

 

 

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

65

8,065

 

 

 

 

 

 

d)

 

Aggregated information

n/a

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

5 December 2019

f)

 

Place of the transaction

 

 

London

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Richard "Ric" Piper

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

 

 

Checkit Plc

b)

 

LEI

 

 

213800556WJOWQNT2R68

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 5p Each

 

 

Identification code

GB00B0C5RG72

 

 

b)

 

Nature of the transaction

 

 

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

65

280,016

 

 

 

 

 

 

d)

 

Aggregated information

n/a

 

 

- Aggregated volume

 

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

5 December 2019

f)

 

Place of the transaction

 

 

London

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHTMBLTMBIBMAL

a d v e r t i s e m e n t