Last checked at 31 Aug 2018 07:00
Bigblu Broadband plc
("BBB" or the "Company" or the "Group")
Director Dealings
Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative fast broadband services, was notified yesterday that on 30 August 2018, Michael Tobin OBE, Non-Executive Chairman of the Company, purchased 8,770 Ordinary Shares in the Company ("Ordinary Shares") at a price of 113.9p a share.
Following this transaction, Michael Tobin's total interest in the Company has increased by 8,770 Ordinary Shares, to 137,088 shares representing 0.24% of the Company's issued share capital.
The notification, below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail:
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
|
Michael Tobin OBE | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Non-Executive Chairman of BigBlu Broadband | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| BigBlu Broadband | |||
b)
| LEI
| 2138008P6X5EX455KU41 | |||
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 | |||
Identification code | GB00BD5JMP10 | ||||
| |||||
b)
| Nature of the transaction
| Share purchase | |||
c)
| Price(s) and volume(s) |
|
|
|
|
| Price(s) | Volume(s) |
| ||
| 113.9p per share | 8,770 |
| ||
|
|
|
| ||
d)
| Aggregated information | N/A - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 30 August 2018 | |||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | |||
Contacts:
Bigblu Broadband Plc | www.bbb-plc.com |
Andrew Walwyn, Chief Executive Officer | Via Walbrook PR |
Numis Securities (Nomad and broker) | Tel: +44 (0)20 7260 1000 |
Oliver Hardy (Corporate Advisory) | |
James Black / Jonathan Abbott (Corporate Broking) | |
Walbrook PR (PR advisers) | Tel: +44 (0)20 7933 8780 |
Paul Cornelius / Nick Rome | or bigblubroadband@walbrookpr.com |
About BBB
BigBlu Broadband plc (AIM: BBB), formerly Satellite Solutions Worldwide Group PLC (AIM: SAT), is a leading provider of alternative broadband solutions throughout Europe and Australia. BBB delivers a portfolio of super-fast satellite and wireless broadband products for consumers and businesses unserved or underserved by fibre.
The Company has a significant target market with 27m customers in Europe with speeds of under 4 Mbs, and a further 1m in Australia who have been identified as only suitable for either satellite or fixed wireless broadband. Acquisitive and organic growth have enabled BBB to grow rapidly since inception in 2008 during which time the Company has completed 20 acquisitions across nine different countries. It is well positioned to continue growing as it targets customers that are trapped in the 'digital divide' with limited or no fibre broadband options.
BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses. It provides customers ongoing services including hardware support, pre and post-sale support, installation, billing and portal support whilst offering various tariffs depending on end user requirements.
Importantly, as core technologies evolve, and cheaper capacity is made available, BBB will continue to offer ever increasing speeds and higher data throughputs to satisfy market demands including 'video-on-demand'. BBB's alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart-phones via a normal wired or wireless router. High levels of recurring revenue, increasing economies of scale and Government support for the alternative broadband market in many countries provides a solid foundation for the Company as it targets further organic growth to 150,000 customers by 2020 as demand for alternative super-fast broadband services increases around the world.