18 Jul 2018 16:43
The information communicated in this announcement includes inside information for the purposes of Article 7 of Regulation 596/2014
SCISYS PLC
(SSY: AIM)
Director Dealings
SCISYS PLC ("SCISYS" or "Company"), the supplier of bespoke software systems, IT-based solutions and support services to the Media & Broadcast, Space, Government, Defence and Commercial sectors, announces that Klaus Meng, a Director of the Company, has sold 120,000 ordinary shares of 25p each in the capital of the Company ("Ordinary Shares") to complete his previously announced planned share sale, of which David Coghlan, a Non-Executive Director of SCISYS, has purchased 100,000 Ordinary Shares on behalf of his wife, Genevieve Marie Coghlan and also to be held by Scawton Limited, owned by family trusts of which members of David Coghlan's family are beneficiaries.
Director Name | Title | Shares sold | Shares purchased | Total shares owned post transaction | % total voting rights of Company |
Klaus Meng | Director | 120,000 |
| 2,587,826 | 8.78 |
David Coghlan | Non-Executive Director |
| 100,000 | 106,276 | 0.36 |
Dr Meng was the founder of VCS AG, acquired by SCISYS in 2007, and is a long term SCISYS shareholder. Having completed his planned share sales, Dr Meng will not be selling any further shares in 2018.
The details of the person discharging managerial responsibilities/person closely associated are outlined below.
For further information please contact:
SCISYS PLC |
| +44 (0)1249 466 466 |
Mike Love | Chairman |
|
Klaus Heidrich | Chief Executive Officer |
|
Chris Cheetham
| Finance Director |
|
finnCap (NOMAD & Broker) |
| +44 (0)20 7220 0500 |
Julian Blunt
| Corporate Finance |
|
Walbrook PR |
| +44 (0)20 7933 8780 |
Tom Cooper/Paul Vann |
| +44 (0)797 122 1972 |
|
| tom.cooper@walbrookpr.com |
About SCISYS:
Employing around 580 staff, SCISYS group is a leading developer of information and communications technology services, e-business, web and mobile applications, editorial newsroom solutions and advanced technology solutions. The Company operates in a broad spectrum of market sectors, including Media & Broadcast, Space, Government and Defence and Commercial sectors. SCISYS clients are predominantly blue-chip and public-sector organisations. Customers include the Environment Agency, the Ministry of Defence, Airbus Defence & Space, Arqiva, Vodafone, the European Space Agency, Eumetsat, the BBC, RNLI, Pets at Home, Siemens and the National Trust. The Company has UK offices in Chippenham, Bristol, Leicester and Reading and German offices in Bochum, Dortmund, Darmstadt and Munich. More information is available at www.scisys.co.uk.
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Klaus Meng |
2 | Reason for the notification | |
a) | Position/status | PDMR - Director |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | SCISYS PLC |
b) | LEI | 213800F3DS1G1VBBCW63 |
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 25p each GB0001520757 |
b) | Nature of the transaction | Sale of Ordinary Shares |
c) | Price(s) and volume(s) | 10,000 Ordinary Shares sold at £1.80 on 16/07/2018 10,000 Ordinary Shares sold at £1.73 on 18/07/2018 100,000 Ordinary Shares sold at £1.70 on 18/07/2018 |
d) | Aggregated information - Aggregated volume - Price |
120,000 £1.71 |
e | Date of the transaction | 16 July 2018 18 July 2018 |
f) | Place of the transaction | London |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | David Coghlan on behalf of his wife Genevieve Marie Coghlan and Scawton Limited. |
2 | Reason for the notification | |
a) | Position/status | PDMR - Non-Executive Director |
b) | Initial notification /Amendment | Initial notification |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | SCISYS PLC |
b) | LEI | 213800F3DS1G1VBBCW63 |
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 25p each GB0001520757 |
b) | Nature of the transaction | Purchase of Ordinary Shares |
c) | Price(s) and volume(s) | 100,000 Ordinary Shares purchased at £1.70 |
d) | Aggregated information - Aggregated volume - Price |
|
e | Date of the transaction | 18 July 2018 |
f) | Place of the transaction | London |