Source - LSE Regulatory
RNS Number : 5033T
Kin and Carta PLC
24 November 2021
 

KIN AND CARTA PLC

DEALING BY PERSON CLOSELY ASSOCIATED

 

Kin and Carta plc ("the Company") announces that on 24 November 2021 it received notification that Marie James Capital, LLC, a private holding company managed by J Schwan, the Company's Chief Executive Officer, sold 5,000,000 ordinary shares in the Company through a placing with institutional investors. These shares were part of the proceeds of the sale of Solstice Consulting LLC, founded by Mr Schwan, to St Ives plc in 2015 and have been held in Mr Schwan's children's estate. This sale has been made as a prudent diversification of Mr Schwan's children's estate. Mr Schwan's own direct holdings in the Company remain unchanged. Following the sale, Mr Schwan and his persons closely associated will have a continuing interest in 3,016,679 shares in the Company, equivalent to approximately 1.7% of the issued share capital of the Company. 

 

1.

Details of the person discharging managerial responsibilities/ person closely associated

a)

Name

Marie James Capital, LLC

2.

Reason for the notification

a)

Position/status

Person closely associated with J Schwan (Chief Executive Officer)

b)

Initial notification/ Amendment

Initial Notification

3.

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

a)

Name

Kin and Carta plc

b)

LEI

213800B32KQM8CENCR16

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

 

Identification code

Ordinary shares in Kin and Carta plc

 

 

GB0007689002

b)

Nature of the transaction

Sale of shares through secondary placing.

 c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

301 pence

5,000,000

d)

Aggregated information

-     Aggregated volume

-     Weighted average price

-     Aggregated price

n/a (single transaction)

e)

Date of the transaction

2021-11-24

f)

Place of the transaction

London Stock Exchange (XLON)

 

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