23 Oct 2015 10:07
23 October 2015
DJI Holdings plc
Director Dealing
DJI Holdings plc (AIM: DJI, "the Company", "DJI") announces that it was informed yesterday of the following share sales by Rodney Davis, the outgoing Chief Financial Officer:
Transaction Date | Number sold | Price |
30 September 2015 | 150,000 | 48.92p |
6 October 2015 | 5,000 | 46.75p |
7 October 2015 | 55,000 | 46.61p |
9 October 2015 | 3,000 | 46.05p |
13 October 2015 | 17,000 | 43.67p |
20 October 2015 | 25,000 | 43.90p |
Following these transactions, Mr Davis' notifiable interest stands at 2,768,702 ordinary shares, representing approximately 1.9 per cent. of the Company's issued ordinary share capital.
ENDS
For further information please contact:
DJI Holdings plc | +44 (0) 1565 872990 |
Darren Mercer, Group Chief Executive |
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IHA Consulting | +44 (0) 20 3393 1185 |
Stephen Benzikie |
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Strand Hanson Limited (Nominated & Financial Adviser) | +44 (0) 20 7409 3494 |
Andrew Emmott / Ritchie Balmer
Mirabaud Securities LLP (Broker to DJI) |
+44 (0) 20 7878 3362 |
Peter Krens |
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Notes to Editors
DJI's strategy is to capitalise on the rapidly expanding Chinese lottery market and the opportunity to deliver lottery ticket fulfilment sales to its substantial client base of large Chinese corporations (B2B) and individual consumers via the Group's owned and operated websites (B2C), within the online and mobile environment.
Through the Group's long-standing relationships with the Chinese regulators, portfolio of lottery contracts and reliable technology platform, the Group is well positioned to capture the market opportunity.
The principal activities of the Group are the development, promotion and distribution of authorised lottery products in China. DJI's subsidiaries are licensed and/or contractually authorised to distribute and promote Sports and Welfare lottery products online, via mobile and through physical retail outlets across China.
The Group has a differentiated approach to the Chinese lottery market in that DJI operates throughout the promotion and distribution value chain. The Group offers:
· front-end lottery ticket sales via websites owned and operated by the Group, third party websites, mobile applications and physical retail outlets
· back-office lottery ticket fulfilment services to large online and offline lottery partners
Beyond the Group's lottery activities, DJI has a joint venture with the Heilongjiang Provincial Sports Bureau (HSB) to provide support services to all of HSB's commercial activities. These include football and winter sports in the province, including China's largest ski resort, Yabuli.
The HSB joint venture includes, for the first time in a Chinese province, a Business-to-Business (B2B) online booking system for sports, based on DJI's technology. The JV has agreed terms with three of China's largest online portals to sell and promote this B2B system from 1 November 2015.
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