Last checked at 23 Jul 2018 07:30
23 July 2018
SOCO International plc
("SOCO" or the "Company")
Director/PDMR Shareholding
The Company was notified on 20 July 2018 that, on the same day, Quantic Limited BVI, which is a Closely Associated Person to Rui de Sousa, Chairman of the SOCO Board of Directors, disposed of 939,504 SOCO ordinary shares of £0.05 each ("Shares"). These Shares were transferred in specie for nil consideration: 469,752 Shares to Mr de Sousa personally and 469,752 Shares to a third party.
As a result of this transaction, Rui de Sousa continues to be interested in a total of 9,178,572 Shares, representing 2.77% of the issued share capital of the Company (excluding Shares held in treasury), of which;
· 8,708,820 Shares representing 2.62% of the issued share capital of the Company (excluding Shares held in treasury) are held by Palamos Limited, a Closely Associated Person to Rui de Sousa; and
· 469,752 Shares representing 0.14% of the issued share capital of the Company (excluding Shares held in treasury) are held by Mr de Sousa personally.
Contact: Carol Fan, SOCO International plc, Tel 020 7747 2000
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMRS AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Rui de Sousa
2 Reason for the notification
a) Position/status Quantic Limited BVI, a closely associated person to Rui de Sousa, Chairman of the Board
b) Initial notification/Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name SOCO International plc
b) LEI 549300DDKLXYLLO4N524
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 Ordinary Shares of £0.05 each
Identification code GB00B572ZV91
b) Nature of the transaction Disposal of Shares by Quantic Limited BVI and non-market transfer to Rui de Sousa
c) Price(s) and volume(s) Disposal
Price(s) nil
Volume(s) 939,504
Non-market transfer
Price(s) nil
Volume(s) 469,752
d) Aggregated information
- Aggregated volume See above
- Price
e) Date of the transaction 20 July 2018
f) Place of the transaction Outside of a trading venue