14 Nov 2017 07:00
RNS ANNOUNCEMENT: The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Embargoed 07.00 a.m.
14 November 2017
Kin Group Plc ("the Company")
Director/PDMR shareholding - new shares acquired as part of the CVA
Kin Group Plc announces that, as was set out in paragraph 11 of the Circular to shareholders dated 5 October 2017 and the RNS announcement dated the same day, Donald Stewart, Heidi Steiger and Mark Ollila, Directors of the Company, have participated in the CVA as unsecured creditors in respect of unpaid Directors' fees and consultancy fees.
Following the approval of the Consolidation of the Company's ordinary shares by shareholders at the Company's general meeting on 13 November 2017, the Company has allotted, subject to Admission (expected to be on or about 15 November), 4,604,006 New Ordinary Shares to the Directors named above as part of the CVA at a price of 50 pence per share.
Donald Stewart has been allotted 56,000 New Ordinary Shares as part of the CVA. In addition, as previously announced, Donald Stewart has also subscribed for 100,000 New Ordinary Shares as part of the Placing. As a result, subject to Admission, Donald Stewart is now interested in 156,400 New Ordinary Shares, representing 0.63 % of the enlarged share capital of the Company.
Heidi Steiger has been allotted 12,628 New Ordinary Shares as part of the CVA. As a result, subject to Admission, Heidi Steiger is now interested in 12,628 New Ordinary Shares, representing 0.05 % of the enlarged share capital of the Company.
Mark Ollila has been allotted 23,347 New Ordinary Shares. As a result, subject to Admission, Mark Ollila is now interested in 23,747 New Ordinary Shares, representing 0.09 % of the enlarged share capital of the Company.
Note: Definitions in this announcement will, unless otherwise stated, have the same meaning as in the circulars to shareholders dated 5 and 27 October 2017.
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 | Ordinary shares of 0.5 pence per share par value
GB00BZ7M6059 | ||||||||||
b) | Nature of the transaction | Allotment of Ordinary Shares as part of the CVA and subscription for Ordinary Shares as part of the Placing | ||||||||||
c) | Price(s) and volume(s) |
| ||||||||||
d) | Aggregated information
|
156,000 Ordinary shares of 0.5 pence per share par value 50 pence and 5 pence per Ordinary share | ||||||||||
e) | Date of the transaction | 13 November 2017 (subject to Admission) | ||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Heidi Steiger | ||||||||
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 valueGB00BZ7M6059 | ||||||||
b) | Nature of the transaction | Allotment of Ordinary Shares as part of the CVA | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information
|
12,628 Ordinary shares of 0.5 pence per share par value 50 pence per Ordinary share | ||||||||
e) | Date of the transaction | 13 November, 2017 (subject to Admission) | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
a) | Name | Mark Ollila | ||||||||
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 | Allotment of Ordinary Shares as part of the CVA | ||||||||
c) | Price(s) and volume(s) |
| ||||||||
d) | Aggregated information
|
23,347 Ordinary shares of 0.5 pence per share par value 50 pence per Ordinary share | ||||||||
e) | Date of the transaction | 13 November 2017 (subject to Admission) | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
For further information please contact:
Donald Stewart (Chairman) | Kin Group Plc | 020 7449 1000 | |
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.