1 Nov 2016 07:00
1 November 2016
ClearStar, Inc.
("ClearStar" or the "Company")
Director/PDMR Shareholding
ClearStar (AIM: CLST), the technology and service provider to the background check industry, announces that on 31 October 2016, Mr. Ken Dawson, Chief Information Officer and a Director of the Company, sold 237,000 ordinary shares of US$0.0001 each in the Company ("Ordinary Shares"). The Ordinary Shares were sold, and purchased, at a price of 38 pence per Ordinary Share. The 237,000 Ordinary Shares were purchased as follows:
· Mr. David Pattillo, Chief Financial Officer and a Director of the Company: 118,500 Ordinary Shares
· Mr. Bill White, a co-founder of the Company: 118,500 Ordinary Shares
Mr. Dawson has sold ClearStar shares solely to improve his personal liquidity, and wishes to express his complete confidence in the Company and its prospects.
Following the transaction, Mr. Dawson and Mr. Pattillo have the following interests in the Ordinary Shares of the Company:
Director | Number of Ordinary Shares held prior to transaction | Number of Ordinary Shares held post transaction | Percentage of share capital held post transaction |
Ken Dawson | 4,525,000 | 4,288,000 | 11.81% |
David Pattillo | 1,110,400 | 1,228,900 | 3.39% |
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 | - Ken Dawson, Chief Information Officer - David Pattillo, Chief Financial Officer | ||||||||
2. | Reason for the Notification | |||||||||
a) | Position/status | See 1(a) above for positions - both classified as PDMRs of the Company | ||||||||
b) | Initial notification /Amendment | Initial notification | ||||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
a) | Name | ClearStar, Inc. | ||||||||
b) | LEI | n/a | ||||||||
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 of US$0.0001 | ||||||||
Identification code | KYG2294M1050 | |||||||||
b) | Nature of the transaction | - Ken Dawson: sale of Ordinary Shares - David Pattillo: purchase of Ordinary Shares | ||||||||
c) | Price(s) and volume(s) | Ken Dawson:
David Pattillo:
| ||||||||
d) | Aggregated information: · Aggregated volume · Price | - Ken Dawson: Sale of 237,000 Ordinary Shares at a price of 38 pence per Ordinary Share - David Pattillo: Purchase of 118,500 Ordinary Shares at a price of 38 pence per Ordinary Share | ||||||||
e) | Date of the transaction | 31 October 2016 | ||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||
Enquiries
ClearStar, Inc. | |
Robert J. Vale, Chief Executive Officer David Pattillo, Chief Financial Officer | +1 770 416 1900 |
finnCap Ltd. | |
Jonny Franklin-Adams, Simon Hicks - Corporate Finance Christian Hobart - Sales | +44 20 7220 0500 |
Luther Pendragon Ltd. | |
Harry Chathli, Claire Norbury | +44 20 7618 9100 |
About ClearStar
ClearStar, Inc. is a leading and trusted background check technology, strategic services, and decision-making information provider to employers and background screening companies.
A seven-time Inc. 5000 honouree and founding member of the National Association of Professional Background Screeners, ClearStar has provided innovative technology solutions to businesses in the human capital management industry from its corporate offices in Alpharetta, Georgia since 1995. For more information about ClearStar, please visit: www.clearstar.net.