Last checked at 4 Aug 2023 17:00
IQGeo Group plc
(the "Company" or the "Group")
Director/PDMR Shareholding
IQGeo Group plc (AIM: IQG), a leading developer of geospatial productivity and collaboration software for telecoms and utility network operators, announces that Richard Petti, Chief Executive Officer of the Company has purchased 3,406 Ordinary Shares of 2 pence in the Company ("Ordinary Shares") at an average price of 299 pence per Ordinary Share. Following this transaction, Mr Petti's beneficial interest in the Company is 224,483 Ordinary Shares, representing 0.36 per cent. of the total issued share capital. Mr Petti also holds options over 2,060,000 Ordinary Shares.
In addition, the Company has also been notified today that Kestrel Partners LLP ("Kestrel") has also purchased for, on behalf of its discretionary clients, an aggregate of 41,696 Ordinary Shares at an average price of 296 pence 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 4,658,704 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 16,385,688 Shares in the Company, which represents 26.62 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 | 19.06% |
Indirect | JIM Nominees Limited | 355,203 | 0.57% |
Indirect Indirect | Bank of New York Nominees Ltd Northern Trust Company AVFC | 4,069,727 233,774 | 6.61% 0.38%
|
Further to the above, Deborah Chapman, the wife of Haywood Chapman, Chief Financial Officer of the Company, has for personal reasons, sold 35,000 ordinary shares at an average price of 290 pence per share. Following the above transaction, Mr Chapman's beneficial interest in the Company is 96,228 Ordinary Shares, representing 0.16 per cent. of the total issued share capital. Mr Chapman also holds options over 850,000 shares.
For further information contact:
IQGeo Group plc +44 1223 606655
Richard Petti
Haywood Chapman
finnCap Ltd +44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Charlotte Sutcliffe (ECM)
Notes to Editors
About IQGeo
Telecommunications and utility operators are "Building better networks" with IQGeo's award-winning software solutions. The ability to powerfully model any network requirement, integrate every system and data source, and support field and office teams with continual innovation is helping operators create the networks of the future. Our solutions ensure greater cross-team collaboration and process efficiency throughout the network lifecycle, from planning and design to construction, operations, and sales.
Whether it's highly competitive fiber and 5G broadband rollouts or complex utility grid modernization projects, IQGeo's enterprise solutions, our OSPInsight fiber design software, and our Comsof automated planning software are proven industry leaders. We partner with large multinationals and smaller regional operators to deliver the digital innovation they need to increase network resilience, operational safety, and business ROI.
Headquartered in Cambridge, with offices in Denver, Ghent, Toronto, Frankfurt and Tokyo, we work with some of the largest network infrastructure operators in the world. For more information visit: www.iqgeo.com/
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them are set out below pursuant to the EU Market Abuse regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Richard Petti
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer | ||||
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 of Ordinary Shares
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | As above in 4(c)
| ||||
e)
| Date of the transaction
| 3 August 2023 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | ||||
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 41,696 shares @ GBP 296 pence | ||||||||
e)
| Date of the transaction
| 04 August 2023 | ||||||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Deborah Chapman
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Person closely associated (PCA) to Haywood Chapman, Chief Financial Officer | ||||
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
| Sale of Ordinary Shares
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | As above in 4(c)
| ||||
e)
| Date of the transaction
| 3 August 2023 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Richard Petti
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer | ||||
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 of Ordinary Shares
| ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information - Aggregated volume - Price | As above in 4(c)
| ||||
e)
| Date of the transaction
| 3 August 2023 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | ||||