22 Dec 2017 07:00
22 December 2017
ThinkSmart Limited
("ThinkSmart" or the "Company" and together with its subsidiaries the "Group")
PDMR Dealings
As announced on 8 December 2017, ThinkSmart Limited (AIM: TSL) today bought back and cancelled 750,000 and 500,000 ordinary shares of no present value each in the Company ("Ordinary Shares") in accordance with the Loan Funded Share Plan. The Ordinary Shares were issued to the trustee of ThinkSmart's Loan Funded Share Plan on 4 July 2013 and 18 September 2014 respectively to hold on trust for Mr Montarello, subject to certain performance criteria. The 750,000 and 500,000 Ordinary Shares subsequently failed to vest due to not meeting the required performance criteria and so have been cancelled reducing Mr Montarello's beneficial shareholding in the Company and also the number of Ordinary Shares in issue.
Mr Montarello's total shareholding now comprises of 29,061,036 Ordinary Shares, representing 27.88% of the Company's issued share capital of 104,228,744 Ordinary Shares.
The Company's issued capital consists 104,228,744 Ordinary Shares with voting rights. The Company hold no shares in Treasury.
Post this cancellation, the total number of voting rights in the Group is 104,228,744. This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Group under the FCA's Disclosure Guidance and Transparency Rules.
The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
1. | Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") | |||||||
a) | Name | ThinkSmart LTI Pty Limited | ||||||
2. | Reason for the notification | |||||||
a) | Position / status | PCA | ||||||
b) | Initial notification / amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | ThinkSmart Limited | ||||||
b) | Legal Entity Identifier | 213800ZBZQVXHDZHET73 | ||||||
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 | Ordinary shares of NPV each in the Company AU000XINEAE8 | ||||||
b) | Nature of the transaction | Buy-back and subsequent cancellation of unvested Ordinary Shares issued under the ThinkSmart Limited 2013 and 2014Loan Funded Share Plans | ||||||
c) | Price(s) and volume(s) |
| ||||||
d) | Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
1,250,000 Ordinary Shares $0.30392 per Ordinary Share
| ||||||
e) | Date of the transaction(s) | 22 December 2017 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||
For further information please contact:
ThinkSmart Limited | Via Instinctif Partners |
Ned Montarello | |
Canaccord Genuity (Nominated Adviser, Financial Adviser and Joint Broker) | +44 (0)20 7523 8350
|
Sunil Duggal David Tyrrell Andrew Buchanan Richard Andrews | |
Peel Hunt LLP (Joint Broker) | +44 (0) 20 7418 8900 |
Charles Batten Guy Wiehahn Rishi Shah | |
Instinctif Partners | +44 (0)20 7457 2020 |
Giles Stewart Rui Videira |