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IQGeo Group PLC (IQG)

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Tuesday 17 March, 2020

IQGeo Group PLC

Director's dealings

RNS Number : 5098G
IQGeo Group PLC
17 March 2020
 

17 March 2020

 

IQGEO Group Plc

Directors' Dealings

IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 17 March 2020 from Kestrel Partners LLP ("Kestrel") that on the 13 March and 16 March 2020 it purchased, on behalf of its discretionary clients, an aggregate of 146,365 ordinary shares of 2p each ("Shares") in the Company at an average price of £0.60524 per share for accounts managed by Kestrel.

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.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 9,312,659 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 3,165,342 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 12,478,001 Shares in the Company, which represents 25.16 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

9,312,659

18.78%

Indirect

JIM Nominees Limited

170,955

0.34%

Indirect

Bank of New York Nominees Ltd

3,165,342

6,04%

 

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)

16 March 2020


GBP 0.604458

 

89,722 Shares

 

13 March 2020


GBP 0.60469

56,643 Shares

d)

 

Aggregated information

- Aggregated volume

- Price

Total 146,365 shares @ GBP 0.60524

 

 

e)

 

Date of the transaction

 

2020-03-16

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.
 
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