29 Jul 2020 07:00
29 July 2020
Dods Group plc
("Dods" or "the Group" or "the Company")
Issue of Shares and Director / PDMR Dealing
Further to the announcement dated 28th June 2019 the Company is pleased to confirm the allotment of 26,141,667 new ordinary shares ("Shares") in connection with its deferred consideration obligations entered into as part of the Company's acquisition of Meritgroup Limited. Such Shares form part of the total consideration communicated at the time of the announcement of the acquisition (and, specifically, represent the share consideration payable by the Company on the first anniversary of completion of the acquisition). The following individuals have been allotted Shares:
- Cornelius ("Con") Anthony Conlon 13,333,819 Shares;
- Anthony Buttanshaw 9,734,895 Shares;
- Benjamin Tindall 3,072,953 Shares.
Following this issue of shares, Mr. Conlon is interested in 20,329,675 shares representing 3.5 % of the Company's issued share capital.
An application has been made for 26,141,667 Shares to be admitted to trading on AIM (Admission), which is expected to take place at 8.00 a.m. on 3 August 2020.
Following Admission, the Company's issued ordinary share capital will comprise 582,071,380 ordinary shares of 1 pence each in the capital of the Company, of which none are held in treasury. The above figure of 582,071,380 may be used by shareholders 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 voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Con Conlon is Managing Director of Dods Technology and was appointed to the Group Board on 1st July 2020. Together with Munira Ibrahim (Managing Director of Dods Intelligence) he is responsible for managing the group and its future development.
Both Con and Munira are therefore people discharging managerial responsibilities.
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
| Cornelius Anthony Conlon | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Director | ||||
b)
| Initial notification /Amendment
| Initial Notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Dods Group plc | ||||
b)
| LEI
| 213800HG65J6TYGNJU20 | ||||
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 1p each
ISIN: GB0031129579 | ||||
b)
| Nature of the transaction
| Issue of shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume - Price |
n/a (single transaction)
| ||||
e)
| Date of the transaction
| 3 August 2020 | ||||
f)
| Place of the transaction
| Outside of trading venue | ||||
For further information, please contact:
Dods Group plc
Mark Smith - Interim Non-Executive Chairman 020 7593 5500
www.dodsgroup.com
Liberum (Nomad and Broker)
Neil Patel 020 3100 2000
Cameron Duncan
Louis Davies