19 Mar 2019 07:00
19 March 2019
Maestrano Group PLC
("Maestrano" or the "Company")
Director dealing
Maestrano Group PLC (AIM: MNO), the open cloud business integration platform with cross-app data synchronization announces that it was notified on 18 March 2019 that M4soft Pty Ltd, a company associated with Ian Buddery, Chairman, bought 500,000 ordinary shares of £0.01 each ("Ordinary Shares") in the Company on 18 March 2019 at a price of 2.9p per Ordinary Share.
Following this acquisition, Ian Buddery and parties associated with him hold 2,200,101 Ordinary Shares representing 2.75 per cent. of the Company's total voting rights.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.
Enquiries:
Maestrano Group plc Ian Buddery, Chairman Andrew Pearson, CEO
| c/o IFC |
Grant Thornton (Nominated Adviser) Colin Aaronson / Jamie Barklem / Niall McDonald
| +44 (0)20 7383 5100 |
Arden Partners (Broker) Ruari McGirr / Ciaran Walsh / Alex Penney
| +44 (0)20 7614 5900 |
IFC Advisory Limited (Financial PR & IR) Graham Herring / Miles Nolan / Zach Cohen graham.herring@investor-focus.co.uk miles.nolan@investor-focus.co.uk | +44 (0)20 3934 6630 |
About Maestrano
Maestrano is a software company which develops and deploys a patented Cloud based Platform as a Service that addresses the needs of Small to Medium Businesses (SMBs) and large Enterprises (such as major banks and global accounting firms) to access real time, automated management data efficiently on an integrated Platform. This technology is called Master Data Management (MDM).
Further information on the Group is available at www.maestrano.com
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
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 | M4Soft Pty Ltd | ||||
2 | Reason for the notification | |||||
a) | Position/status | M4Soft Pty Ltd is an entity connected with Ian Buddery, Chairman | ||||
b)
| Initial notification /Amendment | Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Maestrano Group plc | ||||
b) | LEI | 213800ZUBMOCVHSSJC14 | ||||
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 £0.01 each
GB00BYZQM590 | ||||
b) | Nature of the transaction | Purchase of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | Aggregate volume: 500,000 Aggregate price: 2.9 pence Aggregate total: £14,500 | ||||
e) | Date of the transaction | 18 March 2019 | ||||
f) | Place of the transaction | London Stock Exchange, (XLON) | ||||