1 May 2020 07:00
30 April 2020
Dragon-Ukrainian Properties & Development plc
("DUPD" or the "Company" and together with its subsidiaries, the "Group")
Major shareholdings
Director/PDMR shareholding
Company update
The Company received notification on 30 April 2020 from Dragon Capital Investments Limited (which, together with the Company's Investment Manager, DCM Limited, is a part of the Dragon Capital Group) that, on 29 April 2020 and 30 April 2020, Dragon Capital acquired a total of 25,831,799 ordinary shares in the Company ("Ordinary Shares") at a price of 10 pence per Ordinary Share.
Following these share purchases, Dragon Capital Group now holds 91,339,262 Ordinary Shares, representing approximately 83.52% of the issued share capital of the Company.
As such, with reference to the Company's announcement of 20 April 2020 in relation to the proposed cancellation of admission of the Ordinary Shares to trading on AIM (the "Cancellation"), the Company notes that, given the Dragon Capital Group's stated intention to vote in favour of the Cancellation resolution at the Company's extraordinary general meeting convened for 6 May 2020 (the "EGM"), and given that the Dragon Capital Group now holds an interest in Ordinary Shares representing more than 75% of the Company's issued share capital, the Dragon Capital Group is now in a position to pass the Cancellation.
In addition, the Company received notification on 30 April 2020 from Lars Ernest Bader that, on 29 April 2020, Lars Ernest Bader sold a total of 18,189,989 Ordinary Shares at a price of 10 pence per Ordinary Share and, on 30 April 2020, Lars Ernest Bader sold a total of 7,641,810 Ordinary Shares at a price of 10 pence per Ordinary Share, following which Lars Ernest Bader no longer holds interests in any Ordinary Shares.
The Company also confirms that the Company will not be in a position to publish its final results for the year ended 31 December 2019 prior to the EGM, given that the results are currently only at a preliminary stage of review with the Company's auditors. However, for the avoidance of doubt, the Company expects the results to show no significant changes to either the valuations of its property investments, or its cash balance, between 30 June 2019 and 31 December 2019, nor any changes to the portfolio composition over that period, and, as stated in the announcement of 20 April 2020, the Company has no clarity on when any of its remaining assets will be disposed of.
Tomas Fiala, one of the Company's directors, is the principal shareholder and managing director of Dragon Capital. Notification is required under Article 19 of the Regulation (EU) No 596/2014 as the Dragon Capital Group is a person closely associated with Tomas Fiala.
For further information, please contact:
Dragon - Ukrainian Properties & Development plc (www.dragon-upd.com) | |
Mark Iwashko (Chairman) | +380 (50) 381 8811 |
DCM Limited (Investment Manager) | |
Volodymyr Tymochko | + 380 (44) 490 7120 |
Panmure Gordon (UK) Limited (Nominated Adviser) | |
Atholl Tweedie | +44 (0)20 7886 2500 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCAs") with them.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Names | Dragon Capital Investments Limited | ||||
2 | Reason for the notification | |||||
a) | Position/status
| PCA of Tomas Fiala, Non-executive director of Dragon-Ukrainian Properties & Development plc | ||||
b) | Initial notification /Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Dragon-Ukrainian Properties & Developments plc | ||||
b) | LEI | 213800NH37XZ8YVXF913 | ||||
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 1 pence each | ||||
b) | Identification code | IM00B1XH2B90 | ||||
c) | Nature of the transactions | Purchase of shares | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information - Aggregated volume - Price | NA - single transaction
| ||||
f) | Date of the transactions | 29 April 2020 | ||||
g) | Place of the transaction | London Stock Exchange | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||||||||||||||
a) | Names | Dragon Capital Investments Limited | |||||||||||||||||||||||||||
2 | Reason for the notification | ||||||||||||||||||||||||||||
a) | Position/status | PCA of Tomas Fiala, Non-executive director of Dragon-Ukrainian Properties & Development plc | |||||||||||||||||||||||||||
b) | Initial notification/ Amendment | Initial Notification | |||||||||||||||||||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||||||||||||||||||||||||||
a) | Name | Dragon-Ukrainian Properties & Developments plc | |||||||||||||||||||||||||||
b) | LEI | 213800NH37XZ8YVXF913 | |||||||||||||||||||||||||||
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 1 pence each | |||||||||||||||||||||||||||
b) | Identification code | IM00B1XH2B90 | |||||||||||||||||||||||||||
c) | Nature of the transactions | Purchase of shares | |||||||||||||||||||||||||||
d) | Price(s) and volume(s) |
| |||||||||||||||||||||||||||
e)
| Aggregated information - Aggregated volume - Price |
| |||||||||||||||||||||||||||
f) | Date of the transactions | 30 April 2020 | |||||||||||||||||||||||||||
g) | Place of the transaction | London Stock Exchange | |||||||||||||||||||||||||||
Name of authorised official of issuer responsible for making notification:
Oleg Laska
Chief Financial Officer of DCM Limited