Source - RNS
RNS Number : 4840T
Arcontech Group PLC
12 October 2017
 

ARCONTECH GROUP PLC

 

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

 

Issue of Equity & Director/PDMR Shareholding

 

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 174,603 ordinary shares of £0.125 each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares at a price of 17.5p by Richard Last, Non-Executive Chairman of the Company and Michael Levy, Finance Director of the Company.

 

Director

Ordinary Shares held prior to exercise

Options over Ordinary Shares exercised

Ordinary Shares held on Admission

Percentage of issued share capital held on Admission

Richard Last

1,596,421

95,238

1,691,659

13.2%

Michael Levy

50,295

79,365

129,660

1.0%

 

 

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 18 October 2017. On Admission the Company's issued share capital will comprise 12,802,994 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,802,994. This figure may be used by shareholders in the Company 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, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

Enquiries:

 

Arcontech Group plc

020 7256 2300

Richard Last, Chairman and Non-Executive Director

 

Matthew Jeffs, Chief Executive

 

 

 

finnCap Ltd (Nomad & Broker)

020 7220 0500

Carl Holmes/Simon Hicks

 

 

 

To access more information on the Group please visit: www.arcontech.com

 



 

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

Richard Last - Non-Executive Chairman

Michael Levy - Finance Director

2.               

Reason for the Notification

a)

Position/status

See 1(a) - PDMR's 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

Arcontech Group Plc

b)

LEI

213800O7PM9V79TP7523

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 £0.125

Identification code

GB0003353371

b)

Nature of the transaction

Exercise of Options over Ordinary Shares

c)

Price(s) and volume(s)

Richard Last

Price(s)

Volume(s)

17.5p

95,238

 

Michael Levy

Price(s)

Volume(s)

17.5p

79,365

d)

Aggregated information:

·      Aggregated volume

·      Price

See 4(c)

e)

Date of the transaction

18 October 2017

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 


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