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23 Feb 2017 16:56
23 February 2017
SerVision plc
("SerVision", the "Company" or the "Group")
Notification of transactions by directors/persons discharging managerial responsibilities
Further to the announcement released on 22 February 2017, SerVision (SEV), a leader in mobile live video streaming over wireless and cellular networks, makes the following notification in accordance with the requirements of the EU Market Abuse Regulation.
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 | Gidon Tahan |
2 | Reason for the notification | |
a) | Position/status | Director - Chairman and 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 | SerVision plc |
b) | LEI | Not available |
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 in SerVision plc ("Ordinary Shares")
Identification code (ISIN) for SerVision plc ordinary shares: GB00B0586C20
|
b) | Nature of the transaction | A personal guarantee by Gidon Tahan for which security over 9,857,881 Ordinary Shares has been granted to Cascade SVP, LLC should the Company default on the terms of a subscription with Cascade SVP, LLC
|
c) | Price(s) and volume(s) | Price (s): N/A Volume (s): N/A
|
d) | Aggregated information - Aggregated volume - Price | Price (s): N/A Volume (s): N/A
|
e) | Date of the transaction | 21 February 2017 |
f) | Place of the transaction | Outside of trading venue |
For further information:
SerVision plc | +972 2535 0000 |
Gidon Tahan, Chairman and CEO
| |
Allenby Capital Limited (Nominated Adviser and Joint Broker) | +44 (0)20 3328 5656 |
Nick Athanas / James Reeve |
Beaufort Securities Limited (Joint Broker) | |
Elliot Hance | +44 (0)20 7382 8300 |
Leander PR (Financial PR) | |
Christian Taylor-Wilkinson | +44 (0)7795 168 157 |
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