24 Dec 2018 07:00
24 December 2018
Eight Peaks Group PLC("8PG" or the "Company")
Director Subscription
Further to its previous announcement of 20 December 2018, 8PG is pleased to confirm that Zafar Karim, Executive Chairman of the Company, and Lord Nicholas Monson, Non-Executive Director of the Company, have now subscribed for a total of 1,000,000 and 700,000 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), respectively, at a price of 10 pence per share.
Following the issue of these Ordinary Shares, Zafar Karim and Lord Nicholas Monson, will have beneficial interests in 1,412,861 and 720,000 Ordinary Shares, respectively, representing approximately 7.9% and 4.0%, respectively, of the enlarged Ordinary Share capital of the Company.
Settlement and Dealings
Application has been made for the 1,700,000 new Ordinary Shares to be issued under the Placing, which will rank pari passu with the existing Ordinary Shares in the Company, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on or around 8:00a.m. on or around 3 January 2019.
Total Voting Rights
Following Admission, the issued share capital of the Company would consist of 17,988,255 Ordinary Shares. No shares are held in treasury at the date of this announcement. The total current voting rights in the Company will therefore be 17,988,255.
This figure of 17,988,255 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
The notifications below, made in accordance with the requirements of the EU Market Abuse Directive, provide further information.
- ENDS -
Legendary Investments PLC | Zafar Karim / Thomas Reuner/ Lord Nicholas Monson
| 020 8201 3536 |
Nominated Adviser | ||
Grant Thornton UK LLP Broker | Colin Aaronson / Harrison Clarke/ Seamus Fricker | 020 7383 5100 |
S.P. Angel Corporate Finance LLP
| Richard Morrison | 020 3470 0504 |
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
About Eight Peaks Group PLC
Eight Peaks Group PLC focuses on assisting companies and making investments which exhibit the potential to generate returns of many multiples through capital appreciation. Typically, Eight Peaks takes stakes in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.
www.8pg.co
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) | Full name of person Dealing | Zafar Karim | ||||
2. | Reason for notification | |||||
(a) | Position/status | Executive Chairman | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name of entity | Eight Peaks Group PLC | ||||
(b) | LEI | 213800UXR58OZUHUD663 | ||||
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 0.1 pence each | ||||
(b) | Identification code | GB00BG86C059 | ||||
(c) | Nature of the transaction | Subscription for cash | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(d) above
| ||||
(f) | Date of transaction | 22 December 2018 | ||||
(g) | Place of transaction | Outside a trading venue | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
(a) | Full name of person Dealing | Lord Nicholas Monson | ||||
2. | Reason for notification | |||||
(a) | Position/status | Non-Executive Director | ||||
(b) | Initial notification/ Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
(a) | Name of entity | Eight Peaks Group PLC | ||||
(b) | LEI | 213800UXR58OZUHUD663 | ||||
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 0.1 pence each | ||||
(b) | Identification code | GB00BG86C059 | ||||
(c) | Nature of the transaction | Subscription for cash | ||||
(d) | Price(s) and volume(s) |
| ||||
(e) | Aggregated information: - Aggregated volume - Price | Single transaction as in 4(d) above
| ||||
(f) | Date of transaction | 22 December 2018 | ||||
(g) | Place of transaction | Outside a trading venue | ||||
8PG.L (8PG)