Information  X 
Enter a valid email address

IQGeo Group PLC (IQG)

  Print      Mail a friend       Annual reports

Friday 06 December, 2019

IQGeo Group PLC

Directors' Dealings

RNS Number : 0670W
IQGeo Group PLC
06 December 2019
 

06 December 2019

 

IQGEO Group Plc

Directors' Dealings

IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 06 December 2019 from Kestrel Partners LLP ("Kestrel") that on 05 December 2019 it  purchased, on behalf of its discretionary clients, 100,000 ordinary shares of 2p each ("Shares") in the Company at a price of £0.53 per share for accounts managed by Kestrel.

The notification by Kestrel also included the matters set out below:

Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect Shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.

Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in IQGEO.

Prior to this purchase of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 11,956,161 Shares in the Company.

Of the purchase of Shares, none were for Kestrel Opportunities which holds 9,267,659 Shares, and therefore all were for accounts in which Mr Royde has no beneficial interest, who, following this transaction, hold 2,788,502 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 12,056,161 Shares in the Company, which represents approximately 24.36% per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 

Holding type

Nominee

No. of shares

% of issued share capital

Indirect

Bank of New York Nominees Ltd

9,267,659

18.72%

Indirect

JIM Nominees Limited

170,955

0.35%

Indirect

Bank of New York Nominees Ltd

2,617,547

5.29%

 

For further information contact:

IQGEO Group plc

+44 1223 606655

Richard Petti


Tim Gingell




finnCap Ltd

+44 207 220 0500

Henrik Persson, Anthony Adams (Corporate Finance)


Tim Redfern, Richard Chambers (ECM)




Tulcan Communications LLP

 +44 207 353 4200

James Macey White, Matt Low, Deborah Roney


 



 

ANNEX

 

Template for 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

 

 

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

c)

 

Price(s) and volume(s)

 

 

Price(s)

Volume(s)

GBP 0.53

 

100,000 Shares

 

d)

 

Aggregated information

- Aggregated volume

- Price

Total 100,000 shares @ GBP 0.53

 

 

e)

 

Date of the transaction

 

2019-12-05

f)

 

Place of the transaction

 

London Stock Exchange

 


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
 
 
DSHLLFFLFLLRIIA

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