Last checked at 15 Jan 2018 15:00
15 January 2018
TomCo Energy plc (AIM: TOM)
("TomCo" or the "Company")
Director/PDMR Shareholding
The Company announces that it was informed on 11 January 2018 that, on 13 December 2017, Mr Chris Brown, Chief Executive of the Company, acquired 3,943,200 ordinary shares of nil par value in the Company ("Ordinary Shares") at a price of 3.875 pence per Ordinary Share from Kenglo One Ltd ("Kenglo"). Mr Brown was previously an indirect beneficiary of Kenglo, being the life tenant and settlor of Kenglo's ultimate shareholder, the BBCK Settlement Trust. Accordingly, following the transfer, Mr Brown directly holds the legal and beneficial title of all of the Ordinary Shares previously held by Kenglo.
As a result of the acquisition, Mr Brown is now directly interested in, in aggregate, 19.56% of the issued share capital of the Company. Mr Brown also holds 857,200 warrants over Ordinary Shares with an exercise price of 21.25 pence and expiring on 1 September 2018. In addition, as announced on 2 January 2018, the Company has an unsecured loan of £100,000 outstanding to Mr Brown.
PDMR notification:
The notification below is made in accordance with the requirements of Market Abuse Regulation:
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Chris Brown | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Director | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | TomCo Energy plc | ||||
b) | LEI | 213800FEW97Y1CD38B95 | ||||
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 nil par value | ||||
Identification code | IM00BZBXMN96 | |||||
b) | Nature of the Transaction | Purchase of ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 13 December 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||
Enquiries:
For further information, please visit www.tomcoenergy.uk.com or contact:
TomCo Energy plc
Contact:
Telephone: +44 (0) 20 3823 3635
Andrew Jones (Chairman) andrew@tomcoenergy.uk.com
Strand Hanson (Nominated Adviser)
Contact:
James Harris / Richard Tulloch +44 (0) 20 7409 3494
SVS Securities plc (Broker)
Contact:
Tom Curran / Ben Tadd +44 (0) 20 3700 0093
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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