5th Mar 2019 07:00
NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
Gocompare.com Group plc
5 March 2019
Notification of Share Purchase by Sir Peter Wood in GoCompare.com Group plc
Gocompare.com Group plc ("GoCompare" or the "Company") today announces that Chairman Sir Peter Wood has acquired 17,783,587 ordinary shares in GoCompare increasing his total shareholding in the Company to 29.9%.
Sir Peter Wood commented:
"My share purchase underlines my view, which is shared by my fellow Board members, that the current Gocompare share price does not fully reflect the operational and strategic momentum in the business. I'm particularly excited about our weflip brand and the potential opportunities it offers. If we deliver on our wider Savings as a Service strategy it will be brilliant for savers everywhere, reinforcing my decision to increase my holding to 29.9%."
On 28 February 2019, the Group announced its preliminary results for the year ended 31 December 2018. In that announcement, the Group announced its intention to invest in the region of £10m in marketing in weflip, a revolutionary proposition aimed at consumers who overpay for services such as energy. This will be funded by operational cash flow from the core business and targeted at the potential for exceptional growth in the medium term.
The person responsible for arranging the release of this announcement on behalf of Gocompare Group plc is Nick Edwards, General Counsel and Company Secretary.
LEI: 213800DUUN4C47JEL561
Notification of Transactions of Directors, Person Discharging Managerial Responsibilities ("PDMRs")
The information contained in this notification is disclosed in accordance with the requirements of the EU Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Sir Peter Wood | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chairman | |||
b)
| Initial notification /Amendment
| Initial Notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| Gocompare.com Group plc | |||
b)
| LEI
| 213800DUUN4C47JEL561 | |||
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 | Gocompare.com Group plc Ordinary shares of £0.0002 each | |||
Identification code | ISIN: GB00BZ02Q916 | ||||
b)
| Nature of the transaction
| Acquisition of Shares | |||
c)
| Price(s) and volume(s) | ||||
Price(s) per share | Volume(s) | ||||
£0.6370 | 17,783,587 | ||||
d) | Aggregated information | As above
| |||
e)
| Date of the transaction
| 4 March 2019 | |||
f)
| Place of the transaction
| London Stock Exchange, Main Market (XLON)
| |||
Related Shares:
GOCO.L