Last checked at 19 Dec 2023 07:00
19 December 2023
IQGEO Group plc
Directors' Dealings
IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 18 December 2023 from Kestrel Partners LLP ("Kestrel") that on the 15 December 2023 it purchased for, on behalf of its discretionary clients, an aggregate of 48,835 ordinary shares of 2p each ("Shares") in the Company at an average price of £3.00 per share.
Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr. Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in IQGEO.
Following this transaction, Kestrel Opportunities holds (and consequently Mr. Royde is deemed to have a beneficial interest in) 11,726,984 Shares in the Company, and other clients of Kestrel, in which Mr. Royde has no beneficial interest hold 4,912,483 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 16,639,467 Shares in the Company, which represents 26.98 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 | 11,726,984 | 19.01% |
Indirect | JIM Nominees Limited | 355,203 | 0.58% |
Indirect Indirect | Bank of New York Nominees Ltd Northern Trust Company AVFC | 4,069,727 487,553
| 6.60% 0.79%
|
For further information contact:
IQGEO Group plc | +44 1223 606655 | |
Richard Petti | ||
Haywood Chapman | ||
Cavendish Securities plc | +44 207 220 0500 | |
Henrik Persson, Seamus Fricker (Corporate Finance) | ||
Tim Redfern, Charlotte Sutcliffe (ECM) | ||
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
| |||||
a)
| Name
| Kestrel Partners LLP
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| PCA - Max Royde (non-executive director IQGeo Group plc) | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| IQGEO Group plc | ||||
b)
| LEI
| 213800P2PCLCEFANB194 | ||||
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
| 2p Ordinary Shares
ISIN: GB00B3NCXX73
| ||||
b)
| Nature of the transaction
| Purchase | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | Total 48,835 shares @ GBP 3.00 | ||||
e)
| Date of the transaction
| 15 December 2023 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||