16 Apr 2019 07:00
16 April 2019
Porta Communications Plc
("Porta" or the "Company" or the "Group")
Director Dealing
Porta Communications Plc, the AIM quoted international marketing and communications business, has been notified that further to the loan arrangements announced on 10 April 2019, the Company has received a PDMR dealing disclosure which is set out below.
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Enquiries
Porta Communications Plc
Rhydian Bankes, CFO
www.portacomms.com
+44 (0) 20 7680 6550
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett
Samantha Harrison
+44 (0) 207 383 5100
N+1 Singer (Broker)
Mark Taylor
Lauren Kettle
+44 (0) 20 7496 3000
Newgate Communications (Media Enquiries)
Bob Huxford
Adam Lloyd
+44 (0) 20 7680 6550
porta@newgatecomms.com
Notes for Editors: Porta
· Porta is a fully integrated communications agency, operating locally, nationally and internationally, with specialisms including financial, corporate and consumer public relations, public affairs and research and multi-capability marketing, brand and creative communications.
· The Group has offices in Abu Dhabi, Beijing, Brisbane, Bristol, Canberra, Cardiff, Leeds, Edinburgh, Hong Kong, London, Manchester, Melbourne, Perth, Greater China, Singapore and Sydney.
· Further information on Porta Communications is available at www.portacomms.com
· Further information on Newgate Communications is available at www.newgatecomms.com
The notifications below are made in accordance with the requirements of the EU regulation on market abuse.
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Fiorenzo Vittorio Tagliabue / SEC S.p.A. | ||||
2 | Reason for the notification | |||||
a) | Position/status | Deputy Chairman | ||||
b) | Initial notification/ Amendment | Initial Notification | ||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Porta Communications plc | ||||
b) | LEI | 213800E2NB62KDYYOM55 | ||||
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 | Purchase £1,000,000 Convertible Loan with a Conversion Price of £0.010137 and a 5% coupon N/A | ||||
b) | Nature of the transactions | Subscription - £1,000,000 Convertible Loan with a Conversion Price of £0.010137 | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
Up to 98,646,375 Ordinary Shares £1,000,000 | ||||
e) | Date of the transaction | 10 April 2019 | ||||
f) | Place of the transaction | London | ||||
PTCM.L (PTCM)