Last checked at 4 Nov 2019 07:00
Not for release or distribution, directly or indirectly, within, into or in the United States or to or for the account or benefit of persons in the United States, Australia, Canada, Japan or any other jurisdiction where such offer or sale would violate the relevant securities laws of such jurisdiction
For Immediate Release
4 November 2019
Zaim Credit Systems Plc
("Zaim Credit" or "the Company")
Admission to Trading
The Directors of Zaim Credit, a regulated microfinance business operating in the Russian Federation, are pleased to announce that following the publication of its prospectus on 30 October 2019 (the "Prospectus") and completion of the placing and subscription of 104,000,000 new ordinary shares of £0.01 each in the Company ("Ordinary Shares") at 2.5p per share ("Placing Price") raising gross proceeds of £2.6 million, the Company's Enlarged Share Capital comprising 436,975,000 Ordinary Shares will be admitted to the Official List (by way of a Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities at 8.00 a.m. GMT today under the TIDM "ZAIM" ("Admission"). The Company's ISIN is GB00BK5T9G03 and LEI 213800Z4MI9KSZA2VW72.
Siro Cicconi, Chief Executive Officer commented:
"We are pleased to bring the Company to the London Market. We believe there are excellent prospects to grow our business and look forward reporting further progress in due course."
About the Company
Zaim Credit is the holding company of a Russian based financial services company Zaim-Express LLC ("Zaim") which it acquired on 10 September 2019. Zaim is authorised to conduct microfinance activities and included on the State Registry of Microfinance Organisations (the "Registry") maintained initially as a microcredit organisation ("MCO") by the Russian Ministry of Finance and later, by the Central Bank of Russia ("CBR").
Zaim's MCC status allows it to engage in microfinance activity in the territory of the Russian Federation and since obtaining its authorised status, Zaim has developed a bespoke IT system, created a distribution network and raised debt capital to fund its loan book.
Copies of the Prospectus are available on the Company's website at http://www.zaimcreditsystemsplc.com/en/ and during normal business hours at the registered address of the Company at c/o Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW.
Total Voting Rights
In conformity with Rule 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that as from Admission the total number of voting rights in the Company is 436,975,000. This figure may be used by the Company's shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.
Director / PDMR Shareholding
As set out more fully in the Prospectus, certain Directors and members of the Company's senior management have been allotted Fee Shares and granted Options on Admission. As the Directors and senior managers are persons discharging managerial responsibilities, copies of the notifications relating to such transactions in the Company's securities are set out in Appendix I at the end of this announcement.
Defined terms in this announcement shall have the same meanings as in the Prospectus.
Enquiries:
Zaim Credit Systems Plc |
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Simon Retter Siro Cicconi | Tel: +44 (0) 7795 640 616 Tel: +39 33 3886 6733 |
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Beaumont Cornish Limited |
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Roland Cornish / James Biddle | Tel: +44 (0) 20 7628 3396 |
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Optiva Securities Limited |
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Jeremy King / Vishal Balasingham | Tel: +44 (0) 20 3137 1902 |
Appendix I
This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation ("MAR") and the Company confirms that the PDMR's notification obligations under MAR have been satisfied.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||||||||||||
a) | Name | Simon Retter Stonedale Management and Investments Ltd | ||||||||||||||||
2 | Reason for notification | |||||||||||||||||
a) | Position / status | Finance Director | ||||||||||||||||
sb) | Initial notification /Amendment | Initial | ||||||||||||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||
a) | Name | Zaim Credit Systems Plc | ||||||||||||||||
b) | LEI | 213800Z4MI9KSZA2VW72 | ||||||||||||||||
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 and Options
ISIN: GB00BK5T9G03 | ||||||||||||||||
Nature of the transaction | Issue of Ordinary Shares and Issue of Options | |||||||||||||||||
Price(s) and volumes(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 2019-11-04 | ||||||||||||||||
f) | Place of the transaction | Outside a trading venue | ||||||||||||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Siro Cicconi | ||||||
2 | Reason for notification | |||||||
a) | Position / status | CEO | ||||||
sb) | Initial notification /Amendment | Initial | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Zaim Credit Systems Plc | ||||||
b) | LEI | 213800Z4MI9KSZA2VW72 | ||||||
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 | Options
ISIN: GB00BK5T9G03 | ||||||
Nature of the transaction | Issue of Options | |||||||
Price(s) and volumes(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 2019-11-04 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Vladimir Golovko | ||||||
2 | Reason for notification | |||||||
a) | Position / status | COO | ||||||
sb) | Initial notification /Amendment | Initial | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Zaim Credit Systems Plc | ||||||
b) | LEI | 213800Z4MI9KSZA2VW72 | ||||||
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 | Options
ISIN: GB00BK5T9G03 | ||||||
Nature of the transaction | Issue of Options | |||||||
Price(s) and volumes(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 2019-11-04 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Malcolm Groat | ||||||
2 | Reason for notification | |||||||
a) | Position / status | Non-Executive Chairman | ||||||
sb) | Initial notification /Amendment | Initial | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Zaim Credit Systems Plc | ||||||
b) | LEI | 213800Z4MI9KSZA2VW72 | ||||||
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 | Options
ISIN: GB00BK5T9G03 | ||||||
Nature of the transaction | Issue of Options | |||||||
Price(s) and volumes(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 2019-11-04 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Andrey Katyshkov | ||||||
2 | Reason for notification | |||||||
a) | Position / status | CFO | ||||||
sb) | Initial notification /Amendment | Initial | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Zaim Credit Systems Plc | ||||||
b) | LEI | 213800Z4MI9KSZA2VW72 | ||||||
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 | Options
ISIN: GB00BK5T9G03 | ||||||
Nature of the transaction | Issue of Options | |||||||
Price(s) and volumes(s) |
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d) | Aggregated information |
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e) | Date of the transaction | 2019-11-04 | ||||||
f) | Place of the transaction | Outside a trading venue | ||||||