Last checked at 25 Nov 2019 07:08
25 November 2019
IQGEO Group Plc
Directors' Dealings
IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 22 November 2019 from Kestrel Partners LLP ("Kestrel") that on 21 November 2019 it purchased, on behalf of its discretionary clients, 284,544 ordinary shares of 2p each ("Shares") in the Company at a price of £0.43 per share for accounts managed by Kestrel.
The notification by Kestrel also included the matters set out below:
Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect Shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.
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.
Prior to this purchase of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 11,671,617 Shares in the Company.
Of the purchase of Shares, none were for Kestrel Opportunities which holds 9,267,659 Shares, and therefore all were for accounts in which Mr Royde has no beneficial interest, who, following this transaction, hold 2,688,502 Shares in the Company.
Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 11,956,161 Shares in the Company, which represents approximately 24.15% 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 | 9,267,659 | 18.72% |
Indirect | JIM Nominees Limited | 170,955 | 0.34% |
Indirect | Bank of New York Nominees Ltd | 2,517,547 | 5.09% |
For further information contact:
IQGEO Group plc | +44 1223 606655 | |
Richard Petti | ||
Tim Gingell | ||
finnCap Ltd | +44 207 220 0500 | |
Henrik Persson, Anthony Adams (Corporate Finance) | ||
Tim Redfern, Richard Chambers (ECM) | ||
Tulcan Communications LLP | +44 207 353 4200 | |
James Macey White, Matt Low, Deborah Roney | ||
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 284,544 shares @ GBP 0.43
| ||||
e)
| Date of the transaction
| 2019-11-21 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||