8 May 2019 14:09
8 May 2019
Attraqt Group plc
("Attraqt" or the "Company")
Conditional Placing Participation by Related Party and Directors
Attraqt Group plc (AIM: ATQT), the provider of SaaS solutions that power exceptional online shopping experiences, is pleased to confirm, further to the Placing and Acquisition announcement released earlier today (the "Fundraising Announcement"), the participation of the following Related Party and Directors of the Company in the Placing:
Director | Position | New Ordinary Shares Subscribed For | Shareholding Following Admission 1 | % Shareholding Following Admission 1 |
Azini 3 LLP 2 | n/a | 6,721,849 | 23,947,695 | 13.30% |
Luke McKeever | Chief Executive Officer | 370,370 | 370,370 | 0.21% |
Eric Dodd 3 | Chief Financial Officer | 92,592 | 92,592 | 0.05% |
1Subject to shareholder approval at the General Meeting for the issue of a total of 73,679,618 new Ordinary Shares in relation to the Placing and Acquisition, and assuming no Ordinary Shares are issued between the date of this announcement and the General Meeting 2Azini 3 LLP is a private equity fund managed by Azini Capital. Nick Habgood (Chairman of Attraqt) is the Managing Partner of Azini Capital Partners LLP. Azini 3(FP)LP is a limited partner in Azini and Nick Habgood is a partner in Azini 3(FP)LP. Therefore, Nick Habgood has an indirect interest in the share capital of the Company. 3Such shares are being subscribed for by Swapnil Dodd, the wife of Eric Dodd. | ||||
In addition, Peter Thomas (CTO), David Newberry (CMO) and Jonathan Schradi (Director of Customer Success) have also participated on the same terms in the Placing for an aggregate total amount of 185,184 Placing Shares.
The above participations form part of the Placing and the total number of Placing Shares and Consideration Shares and the related party fair and reasonable statements remain as disclosed in the Fundraising Announcement.
Terms and definitions used in this announcement shall have the same meaning as ascribed to them in the Fundraising Announcement unless the context requires otherwise.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Nick Habgood (via Azini 3 LLP) | |
2. | Reason for the notification | ||
a) | Position/status: | Chairman | |
b) | Initial notification/Amendment: | Initial Notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name: | Attraqt Group plc | |
b) | LEI: | 213800M9C9HBKLLFSU91 | |
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: | Ordinary shares of 1p each in Attraqt Group plc
ISIN: GB00BMJJFZ18 | |
b) | Nature of the transaction: | Placing | |
c) | Price(s) and volume(s): | Price | Volume |
27p | 6,721,849 | ||
d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above | |
e) | Date of the transaction: | 08 May 2019 | |
f) | Place of the transaction: | Outside a trading venue | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Luke McKeever | |
2. | Reason for the notification | ||
a) | Position/status: | 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: | Attraqt Group plc | |
b) | LEI: | 213800M9C9HBKLLFSU91 | |
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: | Ordinary shares of 1p each in Attraqt Group plc
ISIN: GB00BMJJFZ18 | |
b) | Nature of the transaction: | Placing | |
c) | Price(s) and volume(s): | Price | Volume |
27p | 370,370 | ||
d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above | |
e) | Date of the transaction: | 08 May 2019 | |
f) | Place of the transaction: | Outside a trading venue | |
1. | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | Name: | Eric Dodd | |
2. | Reason for the notification | ||
a) | Position/status: | Chief Financial Officer | |
b) | Initial notification/Amendment: | Initial Notification | |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name: | Attraqt Group plc | |
b) | LEI: | 213800M9C9HBKLLFSU91 | |
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: | Ordinary shares of 1p each in Attraqt Group plc
ISIN: GB00BMJJFZ18 | |
b) | Nature of the transaction: | Placing | |
c) | Price(s) and volume(s): | Price | Volume |
27p | 92,592 | ||
d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above | |
e) | Date of the transaction: | 08 May 2019 | |
f) | Place of the transaction: | Outside a trading venue | |
-ends-
For further enquiries please contact:
Attraqt Group plc | Via Alma PR |
Luke McKeever, CEO Eric Dodd, CFO
|
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Canaccord Genuity (Nominated Adviser, Financial Adviser and Sole Bookrunner) Simon Bridges Adam James
| +44 (0)20 7523 8000 |
Alma PR | +44 (0)20 3405 0205 |
Rebecca Sanders-Hewett Susie Hudson Sam Modlin | attraqt@almapr.co.uk |
About Attraqt Group plc
Attraqt powers exceptional shopping experiences for over 240 of the world's leading retail brands. Attraqt's core product, Fredhopper Discovery Platform, drives relevant and inspiring ecommerce experiences through personalization, search, recommendations, internationalization and merchandising SaaS solutions. Simple-to-use interfaces and efficient workflows enable Merchandisers to take full control and enhance the value of smart automation with their own strategic expertise and creativity.
For more information visit www.attraqt.com