18 Jul 2016 14:10
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 | Chiel Smits | ||||
2. | Reason for the Notification | |||||
a) | Position/status | CEO of Starneth Group (subsidiary) | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Challenger Acquisitions Limited (LSE: CHAL.L) | ||||
b) | LEI | 213800T424TYEZ5PLE75 | ||||
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 | GG00BV0LCK35 | |||||
b) | Nature of the transaction | Deferred consideration shares received in accordance with terms set out in the prospectus issued on 2 December 2015 | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price |
880,000 ordinary shares of 1 pence received in accordance with the terms of the acquisition of Starneth set out in the prospectus published by Challenger on 2 December 2015. | ||||
e) | Date of the transaction | 18 July 2016 | ||||
f) | Place of the transaction | London Stock Exchange | ||||
**ENDS**
For more information visit www.challengeracquisitions.com or enquire to:
Challenger Acquisitions Limited | |
Mark Gustafson | +1 604 454 8677 |
St Brides Partners Ltd (PR) | |
Lottie Brocklehurst, Charlotte Heap | +44 (0) 20 7236 1177 |
finnCap (Financial Adviser and Broker) | |
Adrian Hargrave, James Thompson, Kate Bannatyne | +44 (0) 20 7220 0500 |
Notes to Editors:
Challenger (LSE: CHAL) is focused on the design, engineering, project management and investment in select giant observation wheels. By combining its world-class team of technical engineering and project management skills with proven international financial expertise, the Company is ideally positioned to become a leader in the giant observation wheel sector.
The Company, which also has a ~3% equity interest in the US$500 million New York Wheel Project, is currently focusing on appraising approximately 25 opportunities in its project pipeline where it believes that it can utilise its expertise. With a team that has worked on four of the largest giant observation wheels constructed over the last 16 years, including the iconic London Eye, the Company is building on its unique position to deliver projects and generate shareholder value.