Source - LSE Regulatory
RNS Number : 8503E
Maestrano Group PLC
03 March 2020
 

3 March 2020

                                                       Maestrano Group PLC

 

                                               ("Maestrano" or the "Company")

 

  Director dealing

 

Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, was notified on 3 March 2020 that on 2 March 2020 M4soft Pty Ltd, a company associated with Ian Buddery, Chairman, bought 1,650,000 Maestrano ordinary shares of £0.01 each ("Ordinary Shares") at a price of £0.0212 per Ordinary Shares.

 

Following this acquisition, Ian Buddery and parties associated with him hold 8,470,140 Ordinary Shares representing 5.8 per cent. of the Company's total voting rights.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.

 

 

Enquiries:

 

Maestrano Group plc

Ian Buddery, Chairman                                                                                           c/o IFC

Andrew Pearson, CEO                                                                                             c/o IFC

 

Grant Thornton (Nominated Adviser)

Colin Aaronson / Jamie Barklem / Niall McDonald                       +44 (0)20 7383 5100

 

Arden Partners (Broker)

Ruari McGirr / Ciaran Walsh                                                               +44 (0)20 7614 5900

 

IFC Advisory Limited (Financial PR & IR)

Graham Herring / Zach Cohen                                                            +44 (0)20 3934 6630

graham.herring@investor-focus.co.uk 

Zach.cohen@investor-focus.co.uk    

 

 

About Maestrano

 

Maestrano offers a patented cloud-based platform for master data management and business analytics, together with specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.

 

Further information on the Company is available at:  www.maestrano.com

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

 

 

 

 

 

Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them

 

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

M4Soft Pty

 

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

M4Soft Pty Ltd is an entity connected with Ian Buddery, Chairman

b)

 

Initial notification /Amendment

 

 

Initial notification

3

 

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

 

a)

 

Name

 

 

Maestrano Group Plc

b)

 

LEI

 

 

213800ZUBMOCVHSSJC14

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 £0.01 each

 

 

Identification code

GB00BYZQM590

 

 

b)

 

Nature of the transaction

 

 

Share purchase

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price(s)

Volume(s)

 

 

 

2.12 pence

1,650,000

 

 

 

 

 

 

d)

 

Aggregated information

 

 

 

- Aggregated volume

Aggregate volume: 1,650,000

Aggregate price:     2,12 pence

Aggregate total:      £34,980.00

 

 

- Price

 

 

 

e)

 

Date of the transaction

 

 

2 March 2020

f)

 

Place of the transaction

 

 

London Stock Exchange

 


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