Last checked at 27 Nov 2019 14:54
Idox Plc
Directors' Dealings & Holdings in Company
Idox plc (LSE:IDOX, "Company" or "Idox") received notification on 27 November 2019 from Kestrel Partners LLP ("Kestrel") that on 26 November 2019 it acquired, on behalf of its discretionary clients, 300,000 ordinary shares of 1p each ("Shares") in the Company at a price of £0.352833 per share. The notification also included the matters set out below.
Mr Scott, a non-executive director of Idox, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Idox.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 33,537,916 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 11,359,362 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 44,897,278 Shares in the Company, which represents approximately 10.13% per cent of the Company's issued share capital.
Kestrel's interest in the Shares in the Company is held through the following nominees:
Holding type | Nominee | No. of shares | % of issued share capital |
Indirect | Bank of New York Nominees Ltd | 33,537,916 | 7.57% |
Indirect | JIM Nominees Limited | 2,410,375 | 0.54% |
Indirect | Bank of New York Nominees Ltd | 8,723,242 | 1.97% |
Indirect | Bank of New York Nominees Ltd | 225,745 | 0.05% |
For further information contact:
Idox plc +44 (0) 870 333 7101 Chris Stone, Non-Executive Chairman David Meaden, Chief Executive Rob Grubb, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000 Shaun Dobson / Ben Farrow (Corporate Finance) Tom Salvesen (Corporate Broking)
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ANNEX
Template for 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
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a)
| Name
| Kestrel Partners LLP ('Kestrel')
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2
| Reason for the notification
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a)
| Position/status
| PCA - Oliver Rupert Andrew Scott (non-executive director of Idox plc and Partner in Kestrel) | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| IDOX Plc | ||||
b)
| LEI
| 213800Z3FE6PWVSUGE70 | ||||
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
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a)
| Description of the financial instrument, type of instrument
Identification code
| 1p Ordinary Shares
ISIN: GB0002998192
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b)
| Nature of the transaction
| Transfer for a client account managed by Kestrel to client account held at separate broker. No change of beneficial ownership. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
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Bought 300,000 Shares in total at £0.352833 per share
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e)
| Date of the transaction
| 2019-11-26 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||