19 Aug 2016 08:39
DCD Media PLC
19 August 2016
DCD Media Plc
("DCD Media", the "Company" or the "Group")
Directorate Change
Director / PDMR Shareholding
Notification of Major Interest in Shares
DCD Media, the independent TV distribution and production company, announces that its major shareholder Timeweave Ltd ("Timeweave") has increased its shareholding in the Company. DCD Media also announces that David Green has resigned as non-executive director of the Company, with immediate effect.
The Board would like to thank David for his guidance and contribution to the Company and wishes him well for the future.
Timeweave has acquired 132,197 ordinary shares of £1 each ("Ordinary Shares"), representing 5.20 per cent. of the issued share capital of the Company, belonging to Mr Green, at a price of 90.8p per Ordinary Share. In addition, Timeweave acquired the 503,428 deferred shares of £1 each belonging to Mr Green for an aggregate consideration of £1. As a result of the transaction, Timeweave's shareholding has increased to 1,694,377 Ordinary Shares, representing approximately 66.67 per cent. of the Company's issued share capital.
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name | David Ian Stewart Green | |||||||||
2. | Reason for the notification | ||||||||||
a) | Position / status | Director | |||||||||
b) | Initial notification/Amendment | Initial notification
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3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||
a) | Name | DCD Media plc | |||||||||
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
Identification Code | Ordinary Shares; and Deferred Shares of £1
GB00BBD7QB75 | |||||||||
b) | Nature of the transaction | Sale of shares from David Green to Timeweave Limited | |||||||||
c) | Price(s) and volume(s) |
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d) | Aggregated informationAggregated volume Price | See above
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e) | Date of the transaction | ||||||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | |||||||||
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information please contact:
Angelica Tziotis
Investor Relations/ Media Relations
DCD Media plc
Tel: +44 (0)20 20 3869 0190
ir@dcdmedia.co.uk
Stuart Andrews/Carl Holmes/Giles Rolls
finnCap
Tel: +44 (0)20 7220 0500