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IQGeo Group PLC (IQG)

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Thursday 01 August, 2019

IQGeo Group PLC

Change in Director's Interests

RNS Number : 6339H
IQGeo Group PLC
01 August 2019
 

1 August, 2019

 

IQGEO Group Plc

Change in Directors' Dealings

IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 1 August 2019 from Kestrel Partners LLP ("Kestrel") that on 1 August 2019 it transferred, on behalf of its discretionary clients, 50,630 ordinary shares of 2p each ("Shares") in the Company from accounts managed by Kestrel to the client's broker accounts. This transfer by Kestrel was made at the request of the client and there is no change in ultimate beneficial ownership.

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 Scott is a partner of, and holds a beneficial interest in, Kestrel. Mr Scott 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 the transfer of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 19,045,493 Shares in the Company.

Of the Shares transferred, none were for Kestrel Opportunities which holds 15,082,597 Shares, and therefore all were for accounts in which Mr Scott has no beneficial interest, who, following this transaction, hold 3,912,266 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 18,994,863 Shares in the Company, which represents approximately 25.91% 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

15,082,597

20.58%

Indirect

JIM Nominees Limited

446,780

0.61%

Indirect

Bank of New York Nominees Ltd

27,435

0.04%

Indirect

Bank of New York Nominees Ltd

3,438,051

4.69%

 

For further information contact:

IQGEO Group plc

+44 (0)1223 535170

Richard Petti


Tim Gingell




finnCap Ltd

+44 (0) 207 220 0500

Henrik Persson, Anthony Adams (Corporate Finance)


Tim Redfern, Richard Chambers (ECM)




Tulcan Communications LLP

 +44 (0)207 353 4200

James Macey White




 

 

 

 

 

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 ('Kestrel')

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA - Oliver Rupert Andrew Scott (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

 

 

Transfer for a client account managed by Kestrel to client account held at separate broker. No change of beneficial ownership.

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

N/A

 

50,630 Shares

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

Total 50,630 shares

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2019-August-1

f)

 

Place of the transaction

 

 

London Stock Exchange

 


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