Last checked at 18 Nov 2016 18:09
FOR IMMEDIATE RELEASE 18 NOVEMBER 2016
dotdigital Group plc
("dotdigital" or the "Company")
Director/PDMR Shareholding
dotdigital Group Plc (AIM:DOTD), the leading provider of intuitive Software as a Service and managed services to digital marketing professionals, announces that the Company was informed on 18 November 2016 that Tink Taylor (a Founding Director) and Peter Simmonds (retired CEO) of the Company, as detailed below reduced their holdings in ordinary shares of 0.5 pence each in the capital the Company ("Ordinary Shares") in order to satisfy strong demand from institutional investors.
Director | Date of Transaction | Number of Ordinary Shares disposed of | Price at which the Ordinary Shares were disposed of | Beneficial holding of Ordinary Shares following this transaction | Beneficial holding of Ordinary Shares following this transaction (%) |
| |||||
Ian "Tink" Taylor | 18/11/2016 | 7,000,000 | 53.00p | 29,776,667 | 10.10% |
| |||||
Peter Simmonds* | 18/11/2016 | 1,500,000 | 53.00p | 2,491,470 | 0.84% |
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* 1,477,972 of Peter Simmonds holdings/voting rights have been held by Frank Nominees Limited which acts as the nominee for Alliance Trust Pensions Limited, which is the trustee of a SIPP established by Peter Anthony Simmonds. Frank Nominees is the vehicle used by Kleinwort Benson Limited to hold securities for clients, trusts, SIPPs etc. The beneficiary of the SIPP is Peter Anthony Simmonds. The transaction above reflects a reduction in the SIPP holdings.
Milan Patel, Interim CEO & CFO, commented: | |||||||||||
"Whilst Directors still hold a significant position in dotdigital of over 17%, we are delighted with the investment interest in the Company demonstrated by a number of our highly regarded current institutional investors, which continues to strengthen our shareholder base over the medium and longer term. This follows on from our recent intensive and extremely positive roadshow."
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.
For further enquiries please contact:
dotdigital Group PlcMilan Patel, CEO & CFO | Tel: 020 8662 2777 |
Financial PR and Investor RelationsLisa BaderoonLisa.Baderoon@dotmailer.com | Tel: 07721 413 496 |
N+1 Singer (Nominated Adviser and Joint Broker)Shaun Dobson, Head of Corporate FinanceLiz Yong, Corporate Finance | Tel: 020 7496 3000 |
finnCap (Joint Broker)Stuart Andrews, Corporate Finance | Tel: 020 7220 0500 |
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
| Ian "Tink" Taylor | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR (Non-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
| dotDigital 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, type of instrument
Identification code
| Ordinary shares of 0.5 pence each
GB00B3W40C23 | ||||
b)
| Nature of the transaction
| Disposal of Ordinary Shares by a PDMR
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
7,000,000 ordinary shares
53.00 pence | ||||
e)
| Date of the transaction
| 18 November 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Peter Simmonds | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PDMR (Non-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
| dotDigital 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, type of instrument
Identification code
| Ordinary shares of 0.5 pence each
GB00B3W40C23 | ||||
b)
| Nature of the transaction
| Disposal of Ordinary Shares by a PDMR
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,500,000 ordinary shares
53.00 pence | ||||
e)
| Date of the transaction
| 18 November 2016 | ||||
f)
| Place of the transaction
| London Stock Exchange (XLON) | ||||