13 Nov 2018 18:09
Maistro plc
Results of placing, PDMR dealing and TVR
Maistro Plc (AIM: MAIS) is pleased to announce that a total of 100,000,000 Placing Shares have been conditionally placed at a price of 1 penny per Placing Share, raising proceeds of £1.0 million (before expenses). Placees have been contacted to confirm their allocation in the Placing.
The Placing Shares will represent approximately 35.4 per cent of the Company's enlarged issued ordinary share capital.
Director participation in the placing
As part of the Placing directors of the Company have subscribed for new ordinary shares at 1 penny, as set out below.
Director | Amount subscribed (£) | Number of Placing Shares | Total shareholding on Admission | Percentage shareholding on Admission (%) |
David Rowe | 150,000 | 15,000,000 | 29,473,286 | 10.4% |
Laurence Cook | 15,000 | 1,500,000 | 1,750,000 | 0.6% |
Ian Cleverly | 30,000 | 3,000,000 | 3,250,000 | 1.2% |
Preeti Mardia | 15,000 | 1,500,000 | 2,857,142 | 1.0% |
Richard Rae | 100,000 | 10,000,000 | 15,535,714 | 5.5% |
Richard Croft | 20,000 | 2,000,000 | 3,928,571 | 1.4% |
The Company's nominated adviser, N+1 Singer, considers that the terms of the participation by the directors in the Placing are fair and reasonable insofar as the Company's shareholders are concerned.
Share capital on completion of the Placing
Application will be made for the Placing Shares to be admitted to trading on AIM. It is expected that Admission will occur on or around 4 December 2018.
Following Admission, the Company's enlarged issued share capital will comprise of 282,105,816 Ordinary Shares of 1 penny each with voting rights in the Company. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in the interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
The issue of the Placing Shares is conditional, amongst other things, on the passing of the Resolutions at the General Meeting and admission of the Placing Shares to trading on AIM.
Save as otherwise defined, capitalised terms used in this announcement have the meanings given to them in the announcement released by the Company this afternoon at 1.25 p.m.
A further announcement is expected to be made in relation to the Additional Fundraising which will remain subject to a number of conditions, including the Rule 9 Waiver and approval by Independent Shareholders.
Enquiries: | |||||||||||||||||||
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The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | David Rowe | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chairman | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Maistro plc | ||||
b) | LEI | 213800TX3CITOTF2SE60 | ||||
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 1p each
ISIN for Ordinary Shares GB00B8DX2616 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| n/a | ||||
e) | Date of the transaction | 13 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Laurence Cook | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Executive Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Maistro plc | ||||
b) | LEI | 213800TX3CITOTF2SE60 | ||||
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 1p each
ISIN for Ordinary Shares GB00B8DX2616 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| n/a | ||||
e) | Date of the transaction | 13 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Ian Cleverly | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Financial Officer | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Maistro plc | ||||
b) | LEI | 213800TX3CITOTF2SE60 | ||||
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 1p each
ISIN for Ordinary Shares GB00B8DX2616 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| n/a | ||||
e) | Date of the transaction | 13 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Preeti Mardia | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Maistro plc | ||||
b) | LEI | 213800TX3CITOTF2SE60 | ||||
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 1p each
ISIN for Ordinary Shares GB00B8DX2616 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| n/a | ||||
e) | Date of the transaction | 13 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Richard Rae | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Maistro plc | ||||
b) | LEI | 213800TX3CITOTF2SE60 | ||||
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 1p each
ISIN for Ordinary Shares GB00B8DX2616 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| n/a | ||||
e) | Date of the transaction | 13 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Richard Croft | ||||
2 | Reason for the notification | |||||
a) | Position/status | Non-executive Director | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Maistro plc | ||||
b) | LEI | 213800TX3CITOTF2SE60 | ||||
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 1p each
ISIN for Ordinary Shares GB00B8DX2616 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| n/a | ||||
e) | Date of the transaction | 13 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Mark O'Shea | ||||
2 | Reason for the notification | |||||
a) | Position/status | Chief Technical Officer (PDMR) | ||||
b) | Initial notification/Amendment | Initial notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Maistro plc | ||||
b) | LEI | 213800TX3CITOTF2SE60 | ||||
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 1p each
ISIN for Ordinary Shares GB00B8DX2616 | ||||
b) | Nature of the transaction | Purchase of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information
| n/a | ||||
e) | Date of the transaction | 13 November 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||