10th Feb 2017 15:29
BLANCCO TECHNOLOGY GROUP PLC
(the "Company")
Director's Dealing
The Company was notified on 8 February 2017 that, following approval by the Company's remuneration committee, Mr Pat Clawson has exercised vested awards under the Software LTIP. This exercise has been satisfied by the transfer of 115,295 ordinary shares of 2p each in the Company ("Ordinary Shares") from the Company's Employee Benefit Trust. Mr Clawson sold 85,991 of these Ordinary Shares on 9 February 2017 at a price of 280p per share to satisfy tax liabilities relating to the exercise and for his personal financial purposes and he retained the remaining 29,304 Ordinary Shares.
Following this exercise and sale, Mr Clawson is interested in 29,304 Ordinary Shares, representing 0.05% of the Company's issued share capital. Mr Clawson also retains the greater unexercised proportion of his awards under his performance related Long Term Incentive Plan.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Pat Clawson | ||||
2. | Reason for the notification | |||||
a) | Position/status: | PDMR, CEO | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Blancco Technology Group plc | ||||
b) | LEI: |
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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 of 2p each GB00B06GNN57 | ||||
b) | Nature of the transaction: | Exercise of LTIP award | ||||
c) | Price(s) and volume(s):
|
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d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 c) above 115,295 N/A | ||||
e) | Date of the transaction: | 2017-02-08 | ||||
f) | Place of the transaction: | N/A | ||||
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Pat Clawson | ||||
2. | Reason for the notification | |||||
a) | Position/status: | PDMR, CEO | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | Blancco Technology Group plc | ||||
b) | LEI: |
| ||||
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 of 2p each GB00B06GNN57 | ||||
b) | Nature of the transaction: | Sale of shares | ||||
c) | Price(s) and volume(s):
|
| ||||
d) | Aggregated information: · Aggregated volume: · Price: | Single transaction as in 4 c) above 85,991 280p | ||||
e) | Date of the transaction: | 2017-02-09 | ||||
f) | Place of the transaction:
| London Stock Exchange, AIM Market (XLON) | ||||
For further information, please contact:
Blancco Technology Group Plc +44 (0) 20 3657 7000
Matthew Peacock, Non-Executive Chairman
Patrick Clawson, Chief Executive Officer
Keith Butcher, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker) +44 (0) 20 7418 8900
Edward Knight
Euan Brown
Panmure Gordon (UK) Limited (Joint Broker) +44 (0) 20 7886 2500
Dominic Morley, Corporate Finance
Charles Leigh Pemberton, Corporate Broking
Tulchan Communications +44 (0) 20 7353 4200
Tom Murray
About Blancco
Blancco Technology Group plc, is a leading data erasure software business, serving enterprises and governments around the world.
www.blancco.com
Related Shares:
BLTG.L