3 Dec 2020 09:44
Path Investments plc("Path" or the "Company")
Subscription for £55,000 of Convertible Unsecured Loan Stock
Path Investments plc (TIDM: PATH), the energy and natural resources investment company, announces that certain investors, including directors of the Company, have subscribed for £55,000 of the Company's 2018 nominal convertible unsecured loan stock instrument, as described in the Company's 2018 Annual Report.
The directors who have participated are Brent Fitzpatrick and Jack Allardyce, who have each subscribed for £5,000. In addition, Ocean Park Developments, a company ultimately owned by Mr Fitzpatrick has subscribed for £5,000. The funds raised will be applied towards the costs of the Company's proposed re-Admission, as announced on 5 November 2020.
The notification set out below, made pursuant to Article 19(3) of the Market Abuse Regulation, provides further details.
1. | Details of Director/PDMR | |||||||||||
(a) | Name | Brent Fitzpatrick | ||||||||||
2. | Reason for notification | |||||||||||
(b) | Position / status | Chairman
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(c) | Initial notification / amendment | Initial notification | ||||||||||
3. | Details of the Issuer | |||||||||||
(a) | Name | Path Investments plc | ||||||||||
(b) | LEI | 21380058VQBP76M7TN11 | ||||||||||
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 transaction(s) have been conducted | |||||||||||
(a) | Description of the financial instrument, type of instrument, Identification code | Ordinary shares of 0.1 pence each ISIN GB00BYQD5059 PATH | ||||||||||
(b) | Nature of the transaction | Subscription pursuant to the Company's 2018 nominal convertible unsecured loan stock instrument | ||||||||||
(c) | Price(s) and volume |
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(d) | Aggregated information | N/A (single transaction) | ||||||||||
(e) | Date of the transaction | 2.12. 2020 | ||||||||||
(f) | Place of the transaction | Outside of trading venue | ||||||||||
1. | Details of Director/PDMR | |||||||||||
(a) | Name | Jack Allardyce | ||||||||||
2. | Reason for notification | |||||||||||
(b) | Position / status | Executive Director
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(c) | Initial notification / amendment | Initial notification | ||||||||||
3. | Details of the Issuer | |||||||||||
(a) | Name | Path Investments plc | ||||||||||
(b) | LEI | 21380058VQBP76M7TN11 | ||||||||||
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 transaction(s) have been conducted | |||||||||||
(a) | Description of the financial instrument, type of instrument, Identification code | Ordinary shares of 0.1 pence each ISIN GB00BYQD5059 PATH | ||||||||||
(b) | Nature of the transaction | Subscription pursuant to the Company's 2018 nominal convertible unsecured loan stock instrument | ||||||||||
(c) | Price(s) and volume |
| ||||||||||
(d) | Aggregated information | N/A (single transaction) | ||||||||||
(e) | Date of the transaction | 2.12.2020 | ||||||||||
(f) | Place of the transaction | Outside of trading venue | ||||||||||
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
For further information please contact:
Path Investments plc | C/O IFC |
Christopher Theis | |
IFC Advisory Limited (Financial PR & IR) | 020 3934 6630 |
Tim Metcalfe | |
Zach Cohen | |
Grant Thornton UK LLP (Financial Adviser) | |
Jamie Barklem | 020 7865 2692 |
Harrison Clarke | 020 7184 4384 |
Keith, Bayley, Rogers & Co. Limited (Broker) | |
Brinsley Holman | 07776 30 22 28 |
Graham Atthill-Beck | 07506 43 41 07
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