Source - RNS
RNS Number : 1457M
CityFibre Infrastructure Hldgs PLC
10 October 2016

The following replaces the 'Director/PDMR Shareholdings' announcement released on 10 October 2016 at 13.40 under RNS No 1419M

For immediate release

10 October 2016



('CityFibre' or the 'Group' or the 'Company')


Director/PDMR Shareholdings


CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, was informed on 10 October 2016 of the sales of ordinary shares of 1 pence each in the Group ("Ordinary Shares") by the following Company Directors:


Gary Mesch, Non-Executive Director, sold 1,080,000 Ordinary Shares on 10 October 2016 at an average price of 60 pence per Ordinary Share;


Greg Mesch, Group Chief Executive and an Executive Director, sold 210,000 Ordinary Shares on 10 October 2016 at an average price of 60 pence per Ordinary Share, and;


Mark Collins, Group Director of Strategy and Public Affairs and an Executive Director, sold 210,000 Ordinary Shares on 10 October 2016 at an average price of 60 pence per Ordinary Share.


Following these transactions, the Directors retain the following beneficial interests in the share capital of the Group:


Names and positions of Directors

Number of Ordinary Shares held

Percentage of total Issued share capital of Ordinary Shares held

Number of options over Ordinary Shares held

Gary Mesch




Greg Mesch




Mark Collins






Greg Mesch and Mark Collins executed their Ordinary Share sales in order to repay personal obligations incurred in relation to the formation of the Group. Gary Mesch is a founding investor in CityFibre dating back to 2011, and remains committed to its long-term growth prospects. The Ordinary Shares sold were placed with existing institutional shareholders.


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.


Details of the person discharging managerial responsibilities / person closely associated



Gary Mesch - Non-Executive Director

Greg Mesch - Chief Executive Officer

Mark Collins - Group Director of Strategy and Public Affairs and an Executive Director


Reason for the Notification



See 1(a) above for positions - all classified as PDMRs of the Company


Initial notification/ Amendment

Initial Notification


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



CityFibre Infrastructure Holdings PLC





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


Description of the Financial instrument, type of instrument

Ordinary Shares of 1 pence each


Identification code



Nature of the transaction

Sale of Ordinary Shares



Price(s) and volume(s)

Price: 60 pence


Gary Mesch - 1,080,000 Ordinary Shares

Greg Mesch - 210,000 Ordinary Shares

Mark Collins - 210,000 Ordinary Shares


Aggregated information:

·     Aggregated volume

·     Price


Gary Mesch - 1,080,000 Ordinary Shares at 60 pence per Ordinary Share

Greg Mesch - 210,000 Ordinary Shares at 60 pence per Ordinary Share

Mark Collins - 210,000 Ordinary Shares at 60 pence per Ordinary Share


Date of the transaction

10 October 2016


Place of the transaction

London Stock Exchange, AIM Market (XLON)


The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.


For further information, please contact:

CityFibre Infrastructure Holdings plc

Greg Mesch, Chief Executive Officer

Tel: 0845 293 0774

Terry Hart, Chief Financial Officer


James Enck, Head of Investor Relations

Tel: 0333 150 6283



finnCap (Nomad and Joint Broker)

Stuart Andrews / Christopher Raggett (Corporate Finance)

Tel: 020 7220 0500

Simon Johnson (Corporate Broking)




Liberum (Joint Broker)

Steve Pearce / Steven Tredget / Richard Bootle

Tel: 020 3100 2000



Vigo Communications

Jeremy Garcia / Fiona Henson

Tel: 020 7830 9700


About CityFibre:

CityFibre is the national builder of Gigabit Cities, as the UK's largest alternative provider of wholesale fibre network infrastructure. It has major metro duct and fibre footprints in 40 cities across the UK and a national long distance network that connects these cities to major data-centres across the UK and to key peering points in London.

The company has an extensive customer base spanning service integrators, enterprise and consumer service providers and mobile operators. Providing a portfolio of active and dark fibre services, CityFibre's networks address 28,000 public sites, 7,800 mobile masts, 280,000 businesses and 4 million homes.

CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY). Further information on the company can be found at


This information is provided by RNS
The company news service from the London Stock Exchange

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