Source - RNS
RNS Number : 1419M
CityFibre Infrastructure Hldgs PLC
10 October 2016
 

For immediate release

10 October 2016

 

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('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

1,166,831

0.44%

231,781

Greg Mesch

572,803

0.22%

5,742,576

Mark Collins

162,987

0.06%

1,764,342

 

 

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.

1.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Names

Gary Mesch - Non-Executive Director

Greg Mesch - Chief Executive Officer

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

2.               

Reason for the Notification

a)

Position/status

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

CityFibre Infrastructure Holdings PLC

b)

LEI

n/a

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

Ordinary Shares of 1 pence each

 

Identification code

GB00BH581H10

b)

Nature of the transaction

Sale of Ordinary Shares

 

c)

Price(s) and volume(s)

Price: 60 pence

Volumes(s):

Gary Mesch - 1,080,000 Ordinary Shares

Greg Mesch - 210,000 Ordinary Shares

Mark Collins - 210,000 Ordinary Shares

d)

Aggregated information:

·     Aggregated volume

·     Price

n/a

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

e)

Date of the transaction

10 October 2016

f)

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

www.cityfibre.com

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)

www.finncap.com

Stuart Andrews / Christopher Raggett (Corporate Finance)

Tel: 020 7220 0500

Simon Johnson (Corporate Broking)

 

 

 

Liberum (Joint Broker)

www.liberum.com

Steve Pearce / Steven Tredget / Richard Bootle

Tel: 020 3100 2000

 

 

Vigo Communications

www.vigocomms.com

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 www.cityfibre.com

 


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