Source - LSE Regulatory
RNS Number : 0758N
IQGeo Group PLC
27 September 2021
 

27 September 2021

 

IQGEO Group Plc

Directors' Dealings

IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 27 September 2021 from Kestrel Partners LLP ("Kestrel") that on the 24 September 2021 Kestrel had purchased, on behalf of its discretionary clients, an aggregate of 30,000 ordinary shares of 2p each ("Shares") in the Company at an average price of £1.285 per share for accounts managed by Kestrel.

Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in IQGEO.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 10,657,082 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 4,146,484 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 14,803,566 Shares in the Company, which represents 25.83 per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 

Holding type

Nominee

No. of shares

% of issued share capital

Indirect

Bank of New York Nominees Ltd

10,657,082

18.60%

Indirect

JIM Nominees Limited

311,157

0.54%

Indirect

Bank of New York Nominees Ltd

3,835,327

6.69%

 

For further information contact:

IQGEO Group plc

+44 1223 606655

Richard Petti


Haywood Chapman




finnCap Ltd

+44 207 220 0500

Henrik Persson, Seamus Fricker (Corporate Finance)


Tim Redfern, Richard Chambers (ECM)








 



 

ANNEX

 

Template for 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

 

 

Kestrel Partners LLP

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA - Max Royde (non-executive director IQGeo Group plc)

b)

 

Initial notification /Amendment

 

 

Initial

3

 

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

 

a)

 

Name

 

IQGEO Group plc

b)

 

LEI

 

213800P2PCLCEFANB194

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

 

2p Ordinary Shares

 

 

ISIN: GB00B3NCXX73

 

b)

 

Nature of the transaction

 

 Purchase

c)

 

Price(s) and volume(s)

 

 

24 September 2021

Price(s)

 

Volume(s)

1.285

 

30,000 shares

 

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

Total 30,000 shares @ GBP 1.285

 

e)

 

Date of the transaction

 

24 September 2021

f)

Place of the transaction

London Stock Exchange (XLON)

 

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