Source - RNS
RNS Number : 4432J
Damille Investments II Limited
09 September 2016
 

DAMILLE INVESTMENTS II LIMITED (LSE:DIL2) (the "Company")

9 September 2016

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

 

 

Damille Partners Limited

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

Person Closely Associated with Brett Miller and Rhys Davies, directors of the Company

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

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

 

a)

 

Name

 

 

Damille Investments II Limited

b)

 

LEI

 

 

ISIN GG00B7617Z91

 

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

 

 

Ordinary Shares of no par value

 

 

ISIN GG00B7617Z91

 

b)

 

Nature of the transaction

 

 

Acquisition

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

 

£1.1204

 

384,247

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

384,247

 

 

£1.1204

 

e)

 

Date of the transaction

 

 

8 September, 2016

f)

 

Place of the transaction

 

 

Outside a trading venue - Guernsey

 

The Ordinary Shares were sold out of treasury to Damille Partners Limited ("Damille") at the prevailing net asset value as at 31 August, 2016 of £1.1204 in satisfaction of the performance fees payable to Damille under the Services Agreement between the Company, Damille and Messrs B Miller and R Davies, directors of the Company and principals of Damille.

 

334,757 Ordinary Shares were sold in settlement of the performance fee for the performance period ended on 31 August, 2016, being the "Second Performance Period". 

 

When calculating the performance fee payable in respect of the Second Performance Period,  it was identified that the performance fee in respect of the performance period ended on 30 November 2012 (the "First Performance Period") had been incorrectly calculated by the Company's administrator at that time, so that too few Ordinary Shares had been issued to Damille on 12 February, 2013.  The monetary value of that underpayment to Damille was quantified as £55,448.41.

 

Therefore, an additional 49,490 Ordinary Shares were sold in full and final settlement of the outstanding performance fee payable in respect of the First Performance Period as explained above.

 

By order of the Board

Damille Investments II Limited 

 

For further information contact:

 

Administrative Enquiries:                                    Shareholder Enquiries:

JTC (Guernsey) Limited                                      Nimrod Capital LLP

Tel: +44 (0) 1481 702 400                                  Tel: +44 (0) 20 7382 4565          

[email protected]                           [email protected]

 

END OF ANNOUNCEMENT

E&OE - In Transmission

 

 


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