17 August 2022
IQGEO Group Plc
Directors' Dealings
Further to the Results of Fundraising announcement dated 12 August, IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 17 August 2022 from Kestrel Partners LLP ("Kestrel") that on the 12 August 2022 it had agreed to purchase, on behalf of its discretionary clients, an aggregate of 748,000 ordinary shares of 2p each ("Shares") in the Company at a price of £1.25 per share.
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 the admission of the Placing Shares (as defined in the Results of Fundraising announcement) Kestrel Opportunities will hold (and consequently Mr Royde will be deemed to have a beneficial interest in) 11,726,984 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest will hold 4,391,522 Shares in the Company.
On a combined basis, Kestrel indirectly will hold voting rights over 16,118,506 Shares in the Company, representing 26.27 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 | 11,726,984 | 19.11% |
| Indirect | JIM Nominees Limited | 321,795 | 0.53% |
| Indirect | Bank of New York Nominees Ltd | 4,069,727 | 6.63% |
The PDMR dealing notification, as announced on 12 August 2022 is replicated below.
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 of shares | ||||||
| c)
| Price(s) and volume(s)
|
| ||||||
| d)
| Aggregated information - Aggregated volume - Price | Total 748,000 shares @ GBP 1.25 | ||||||
| e)
| Date of the transaction
| 16 August 2022 | ||||||
| f) | Place of the transaction | London Stock Exchange (XLON) | ||||||
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