15 Nov 2017 10:33
RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
For immediate release
15 November 2017
Kin Group Plc ("the Company")
Director/PDMR shareholding - Issue of warrants
Kin Group Plc announces that, following a meeting of the Remuneration Committee, the Company has today issued warrants to subscribe for Ordinary Shares ("Warrants") to the Directors totalling 1,000,411 Warrants, representing 4% of the current issued share capital of the Company. The Warrants are exercisable at a price of 5 pence per share, being the price at which the Company's Placing of 20,000,000 shares to raise £1 million (before expenses), which completed this morning, was effected, and may be exercised, subject to the provisions of the Company's share dealing code, at any time within one year from issue.
Donald Stewart has been issued with 250,103 Warrants, representing 1% of the current issued share capital of the Company.
John Taylor has been issued with 500,205 Warrants, representing 2% of the current issued share capital of the Company.
Lindsay Mair has been issued with 250,103 Warrants, representing 1% of the current issued share capital of the Company.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Donald Stewart | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Non-executive Chairman | ||||||||
b) | Initial notification/Amendment | Initial notification | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Kin Group Plc | ||||||||
b) | LEI | 213800Q47UWF61LMRR02 | ||||||||
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 | Warrants to subscribe for Ordinary shares of 0.5 pence per share par valueGB00BZ7M6059 | ||||||||
b) | Nature of the transaction | Issue of Warrants | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information
|
250,103 Warrants to subscribe for Ordinary shares of 0.5 pence per share par value 5.0 pence per Ordinary share | ||||||||
e) | Date of the transaction | 15 November 2017 | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | John Taylor | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Non-executive Director | ||||||||
b) | Initial notification/Amendment | Initial notification | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Kin Group Plc | ||||||||
b) | LEI | 213800Q47UWF61LMRR02 | ||||||||
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 | Warrants to subscribe for Ordinary shares of 0.5 pence per share par valueGB00BZ7M6059 | ||||||||
b) | Nature of the transaction | Issue of Warrants | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information
|
500,205 Warrants to subscribe for Ordinary shares of 0.5 pence per share par value 5.0 pence per Ordinary share | ||||||||
e) | Date of the transaction | 15 November, 2017 | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Lindsay Mair | ||||||||
2 | Reason for the notification | |||||||||
a) | Position/status | Non-executive Director | ||||||||
b) | Initial notification/Amendment | Initial notification | ||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | Kin Group Plc | ||||||||
b) | LEI | 213800Q47UWF61LMRR02 | ||||||||
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 0.5 pence per share par value GB00BZ7M6059 | ||||||||
b) | Nature of the transaction | Issue of Warrants | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information
|
250,103 Warrants to subscribe for Ordinary shares of 0.5 pence per share par value 0.5 pence per Ordinary share | ||||||||
e) | Date of the transaction | 15 November 2017 | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
For further information please contact:
Donald Stewart (Chairman) | Kin Group Plc | 07786 575372 | |
Mark Brady/Neil Baldwin | SPARK Advisory Partners Limited (nominated adviser)
| 020 3368 3551 | |
Eran Zucker/Fungai Ndoro | Peterhouse Corporate Finance Limited | 020 7469 0930 | |
| |||
Or visit our website: www.kingroupplc.com.