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System1 Group PLC (SYS1)

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Friday 23 April, 2021

System1 Group PLC

Correction re Directors Dealings

RNS Number : 4641W
System1 Group PLC
23 April 2021
 

 

Press Release

 

 

2 3 April 2021

 

 

System1 Group PLC (AIM: SYS1)

 ("System1", or "the Company", or "the Group")

 

Exercise of Options, Directors Dealings and Total Voting Rights

 

The Company announces that John Kearon, Founder and Executive President of the Company, has exercised 116,568 options over ordinary shares of 1 pence each ("Ordinary Shares") and has sold 116,568 Ordinary Shares, in part to fund the relevant tax, at a price of 240 pence per Ordinary Share.

A total of 116,568 Ordinary Shares which were previously held in treasury have been utilised to satisfy the exercise of the share options.

Following the exercise of options and sale of 116,568 Ordinary Shares, Mr. Kearon holds 2,918,235 Ordinary Shares, representing 22.74 per cent. of the issued share capital of the Company (following issue of the 116,568 new Ordinary Shares).

Following the above, the Company now holds 393,853 Ordinary Shares as treasury shares and its total number of Ordinary Shares with voting rights is now 12,832,920, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, System1 Group PLC under the FCA's Disclosure Guidance and Transparency Rules.

 

The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation. 

 

The Company can be found at  www.system1group.com .

 

For further information, please contact:

System1 Group PLC

Tel: +44 (0)20 7043 1000

 

John Kearon, Founder and Executive President


 

Chris Willford, Chief Financial Officer


 



Canaccord Genuity Limited

Tel: +44 (0)20 7523 8000

Simon Bridges / Andrew Potts




 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1.

Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")

a)

Name

John Kearon

2.

Reason for the notification

a)

Position / status

Founder and Executive President

b)

Initial notification / amendment

Initial notification

3.

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

a)

Name

System1 Group PLC

b)

Legal Entity Identifier

213800TDLR42C3Q9ZB74

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

Ordinary Shares

GB00B1GVQH21

b)

Nature of the transaction

(a)  Exercise of options

(b)  Sale of ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

a) 0p

(b) 240p

116,568 shares

 116,568 shares

d)

Aggregated information

- Aggregated volume

- Aggregated price

- Aggregated total

 

116,568 Ordinary Shares exercised at a price of 0 pence per Ordinary Share

116,568 Ordinary Shares sold at a price of 240 pence per Ordinary Share

e)

Date of the transaction

22 April 2021

f)

Place of the transaction

London Stock Exchange

 

 

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