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Last checked at 
20 Jul 2016 14:21
Vislink plc
(the "Group")
Director/PDMR Shareholding, Exercise of Options and Total Voting Rights
Vislink plc, the global software and technology business specialising in solutions for the live collection, delivery and playout automation of high quality video 'from scene to screen' for the broadcast and surveillance and public safety markets, was notified on 19 July 2016, that John Hawkins, Executive Chairman of the Group, purchased 1,000,000 ordinary shares of 2.5 pence each in the Group ("Ordinary Shares") at a price of 13.35 pence per Ordinary Share on the same day.
Additionally, the Company was notified yesterday that Mr Hawkins exercised 2,000,000 nil cost options in relation to the Vislink 2002 Employees Share Trust and the grant made in 2012 under the 2008 Long Term Incentive Plan on the same day. Accordingly, 2,000,000 new Ordinary Shares have been issued to satisfy the exercise of options. Application will be made for the new Ordinary Shares to be admitted to trading on AIM and it is expected that admission will take place on 2 August 2016. The new Ordinary Shares will rank pari passu with the existing shares of the Company.
Following the purchase and exercise of options, Mr Hawkins is interested in 3,669,365 Ordinary Shares representing approximately 2.94 per cent of the issued share capital of the Group.
Following Admission, the Company's total issued share capital will be 124,603,134 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the total number of voting rights in the Company will be 124,603,134. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
For further information, please contact:
John Hawkins, Executive Chairman | +44 (0) 14 88 68 55 00 |
Ian Davies, Group Finance Director | +44 (0) 14 88 68 55 00 |
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Charlie Jack / Bertie Berger Hudson Sandler | +44 (0) 20 77 96 41 33 |
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Shaun Dobson / James White N+1 Singer | +44 (0) 20 74 96 30 00 |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| John Hawkins | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Chairman | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Vislink plc | ||||
b)
| LEI
| N/a | ||||
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 2.5p each
| ||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
1,000,000
13.35p
| ||||
e)
| Date of the transaction
| 19 July 2016 | ||||
f)
| Place of the transaction
| London | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| John Hawkins | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive Chairman | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||
a)
| Name
| Vislink plc | ||||
b)
| LEI
| N/a | ||||
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
| Share options over ordinary shares of 2.5p each
| ||||
b)
| Nature of the transaction
| Exercise of share options over ordinary shares of 2.5p each | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
2,000,000
Nil cost
| ||||
e)
| Date of the transaction
| 19 July 2016 | ||||
f)
| Place of the transaction
| N/A | ||||
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