7 Mar 2018 14:34
7 March 2018
FastForward Innovations Ltd
("FastForward" or the "Company")
Director Dealing
Further to its earlier announcement of 7 March 2018 FastForward Innovations Limited (AIM: FFWD) confirms that Mr Lorne Abony has sold 12,248,436 shares to Mr Peter Saladino at a price of £0.176 (17.6 pence) per share, for total consideration of £2,155,724 (the "Share Sale"). The sale was completed on 7 March 2018.
Following the Share Sale Mr Saladino is interested in 12,248,436 Ordinary Shares representing 9.37 per cent. of the Company's issued share capital (excluding shares held in treasury). Following his disposal of shares, Mr Abony is interested in 12,248,434 Ordinary Shares representing 9.37 per cent. of the Company's issued share capital (excluding shares held in treasury).
FastForward CEO Lorne Abony commented, "I have known Peter for several years. He was an adviser and early-stage seed investor in Nuuvera and I believe will be an invaluable supporter of the Company. I am delighted to welcome him as a shareholder."
The notification set out at the bottom of this Announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail regarding the sale of shares by Mr Abony.
Following the sale of shares by Mr Abony, the interest of the Directors in shares of the Company is as set out below:
Name | Interest in Shares | Options held (inc. unvested Options) | % interest in the Issued Shares
|
Lorne Abony1 | 12,248,434 | 12,131,548 | 9.37% |
Jim Mellon2 | 10,425,991 | 1,516,444 | 7.98% |
Ian Burns3 | 1,374,024 | NIL | 1.05% |
Ed McDermott | NIL | 2,000,000 | N/A |
1 Mr Abony's interest in shares is held by Abony Enterprises Limited Partnership, a limited partnership of which he is the majority legal owner.
2 Mr Mellon's interest in shares is held by Galloway Limited, a company beneficially owned by Mr James Mellon.
3 Mr Burns' interest in shares is held by Smoke Rise Holdings Limited, a company of which he is the sole shareholder.
For further information please visit www.fstfwd.co or contact:
FastForward Innovations Limited Tel: +44 (0) 1481 726 034 info@fstfwd.co Ian Burns / Ed McDermott / Sue Saunders
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Beaumont Cornish Limited (Nomad) Tel: +44 (0) 207 628 3396 James Biddle / Roland Cornish
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Optiva Securities Limited (Broker) Tel: +44 (0) 203 411 1881 Graeme Dickson |
NOTIFICATION AND PUBLIC DISCLOSURE OF A TRANSACTION BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES:
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mr Lorne Abony
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2 | Reason for the Notification | |||||
a) | Position/Status: | Chief Executive Officer
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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: | FastForward Innovations Limited
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b) | LEI: | 213800KV6ETTB1BRZ435
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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 £0.01 each
ISIN: GG00BRK9BQ81 | ||||
b) | Nature of the transaction: | Disposal of shares | ||||
c) | Price(s) and Volume(s):
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d) | Aggregated Information: - Aggregated Volume - Price | As above
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e) | Date of the Transaction: | 7 March 2018
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f) | Place of the Transaction: | AIM Market, London Stock Exchange
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