Last checked at 14 Jul 2021 16:05
For immediate release
14 July 2021
BOSTON INTERNATIONAL HOLDINGS PLC
("BIH" or the "Company")
Director's Dealings
The Board of BIH announces that further to the Company's announcement of 8 July 2021 (RNS Number: 6524E), Admission has taken place this morning in respect of the 20,000,000 New Ordinary Shares allotted and issued to Mr Borden James pursuant to conversion of his Director's Loan.
Accordingly, as previously announced, as part of the Fundraising, Mr James subscribed for £200,000 principal of Convertible Loan Notes using the proceeds of sale of the New Ordinary Shares issued to him, which he sold immediately on Admission at a price of 1p per share to new investors introduced by Peterhouse.
Following the sale, Mr James has no interest in ordinary shares in the Company. As of today, Mr James holds £200,000 principal of Convertible Loan Notes in his own name, which have a final repayment date of 30 September 2022, further details of which are set out in the Company's announcement dated 8 July 2021. In addition, via Boston Merchant (HK) Ltd, which is 98.04% owned by Mr James, he holds £95,714 principal of Convertible Loan Notes that have a final repayment date of 30 March 2022 and further details of which are set out in the announcement (replacement) published on 1 April 2021 (RNS Number: 3914U).
The information in the table below relating to the transactions by Mr James has been filed with the FCA in accordance with Article 19(1) of UK MAR.
Defined terms in this announcement shall have the same meanings as in the Company's announcement of 8 July 2021, RNS Number: 6524E.
--ENDS--
For more information please contact:
Boston International Holdings Plc | |
Chris Pitman, Chairman | +44 (0) 7768 104329 |
Beaumont Cornish Limited (Financial Adviser) | |
Roland Cornish | +44 (0) 20 7628 3396 |
Peterhouse Capital Limited (Broker) | +44 (0) 20 7469 0930 |
Lucy Williams / Duncan Vasey / Eran Zucker | |
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 | William Borden James | |||||||||
2 | Reason for the notification | ||||||||||
a) | Position/status | Director | |||||||||
b) | Initial notification /Amendment | Initial Notification | |||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | Boston International Holding plc | |||||||||
b) | LEI | 213800OVVYT6ZUJUXD69 | |||||||||
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 1 pence each ISIN: GB00BD70S874
| |||||||||
b) | Nature of the transaction | Issue of 20,000,000 shares pursuant to conversion of Director's Loan and immediate sale of 20,000,000 shares | |||||||||
c) | Price(s) and volume(s) | 1 pence per Ordinary Share
| |||||||||
d) | Aggregated information - Aggregated volume - Price |
40,000,000 1p
| |||||||||
e) | Date of the transaction | 2021-July-14 | |||||||||
f) | Place of the transaction | Outside a trading venue | |||||||||