30 Aug 2018 11:45
Castleton Technology PLC
("Castleton", the "Company" or the "Group")
Director/PDMR Shareholding, Issue of Equity and Total Voting Rights
Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, announces that it has received notification from Haywood Chapman, Chief Financial Officer, that he exercised 271,000 options over ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") on 29 August 2018, at an exercise price of 22 pence per Ordinary Share (the "Exercise"). Following the Exercise, on 29 August 2018 Mr Chapman sold 270,000 Ordinary Shares at a price of 97 pence per Ordinary Share (the "Sale").
Following the Exercise and Sale, Mr Chapman holds 1,000 Ordinary Shares, representing 0.001% of the enlarged issued share capital. Mr Chapman holds options over 2% of the total value of the Company above a base value - the 2% proportion calculated by reference to the issued share capital of the company as at 21 February 2018, less the value of the options exercised above, by way of a combination of EMI Options, Unapproved Options and Growth Shares.
Application has been made for 271,025 Ordinary Shares to be admitted to trading on AIM ("Admission"), which includes 25 Ordinary Shares issued in relation to Castleton's acquisition of a licence from Brixx International Ltd, as announced on 19 June 2018. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and it is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 5 September 2018.
Following the issue of the 271,025 Ordinary Shares, the Company will have a total of 81,332,434 Ordinary Shares in issue with one voting right per share. The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
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About Castleton Technology plc
Castleton Technology plc is a leading supplier of complementary software and managed services to the public and not-for-profit sectors. The Group is a 'one stop shop', providing integrated housing systems via the Cloud, working in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Haywood Chapman | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Castleton Technology plc | ||||
b) | LEI | 2138007AHX5UT6CO5L76 | ||||
4.1 | 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 | options over ordinary shares of 2 pence each ("Options") | ||||
Identification code | n/a | |||||
b) | Nature of the transaction | Exercise of Options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: · Aggregated volume · Price | n/a | ||||
e) | Date of the transaction | 29 August 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
4.2 | 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 2 pence each ("Ordinary Shares") | ||||
Identification code | GB00BYV2WV72 | |||||
b) | Nature of the transaction | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: ·Aggregated volume ·Price | n/a | ||||
e) | Date of the transaction | 29 August 2018 | ||||
f) | Place of the transaction | AIM Market, London Stock Exchange | ||||