10th Oct 2016 13:40
For immediate release | 10 October 2016 |
CITYFIBRE INFRASTRUCTURE HOLDINGS PLC
('CityFibre' or the 'Group' or the 'Company')
Director/PDMR Shareholdings
CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, was informed on 10 October 2016 of the sales of ordinary shares of 1 pence each in the Group ("Ordinary Shares") by the following Company Directors:
Gary Mesch, Non-Executive Director, sold 1,080,000 Ordinary Shares on 10 October 2016 at an average price of 60 pence per Ordinary Share;
Greg Mesch, Group Chief Executive and an Executive Director, sold 210,000 Ordinary Shares on 10 October 2016 at an average price of 60 pence per Ordinary Share, and;
Mark Collins, Group Director of Strategy and Public Affairs and an Executive Director, sold 210,000 Ordinary Shares on 10 October 2016 at an average price of 60 pence per Ordinary Share.
Following these transactions, the Directors retain the following beneficial interests in the share capital of the Group:
Names and positions of Directors | Number of Ordinary Shares held | Percentage of total Issued share capital of Ordinary Shares held | Number of options over Ordinary Shares held |
Gary Mesch | 1,166,831 | 0.44% | 231,781 |
Greg Mesch | 572,803 | 0.22% | 5,742,576 |
Mark Collins | 162,987 | 0.06% | 1,764,342 |
Greg Mesch and Mark Collins executed their Ordinary Share sales in order to repay personal obligations incurred in relation to the formation of the Group. Gary Mesch is a founding investor in CityFibre dating back to 2011, and remains committed to its long-term growth prospects. The Ordinary Shares sold were placed with existing institutional shareholders.
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) | Names | Gary Mesch - Non-Executive Director Greg Mesch - Chief Executive Officer Mark Collins - Group Director of Strategy and Public Affairs and an Executive Director |
2. | Reason for the Notification | |
a) | Position/status | See 1(a) above for positions - all classified as PDMRs of the Company |
b) | Initial notification/ Amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | CityFibre Infrastructure Holdings PLC |
b) | LEI | n/a |
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 1 pence each
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Identification code | GB00BH581H10 | |
b) | Nature of the transaction | Sale of Ordinary Shares
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c) | Price(s) and volume(s) | Price: 60 pence Volumes(s): Gary Mesch - 1,080,000 Ordinary Shares Greg Mesch - 210,000 Ordinary Shares Mark Collins - 210,000 Ordinary Shares |
d) | Aggregated information: · Aggregated volume · Price | n/a Gary Mesch - 1,080,000 Ordinary Shares at 60 pence per Ordinary Share Greg Mesch - 210,000 Ordinary Shares at 60 pence per Ordinary Share Mark Collins - 210,000 Ordinary Shares at 60 pence per Ordinary Share |
e) | Date of the transaction | 10 October 2016 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON)
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The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information, please contact:
CityFibre Infrastructure Holdings plc | www.cityfibre.com |
Greg Mesch, Chief Executive Officer | Tel: 0845 293 0774 |
Terry Hart, Chief Financial Officer |
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James Enck, Head of Investor Relations | Tel: 0333 150 6283 |
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finnCap (Nomad and Joint Broker) | www.finncap.com |
Stuart Andrews / Christopher Raggett (Corporate Finance) | Tel: 020 7220 0500 |
Simon Johnson (Corporate Broking) |
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Liberum (Joint Broker) | www.liberum.com |
Steve Pearce / Steven Tredget / Richard Bootle | Tel: 020 3100 2000 |
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Vigo Communications | www.vigocomms.com |
Jeremy Garcia / Fiona Henson | Tel: 020 7830 9700 |
About CityFibre:
CityFibre is the national builder of Gigabit Cities, as the UK's largest alternative provider of wholesale fibre network infrastructure. It has major metro duct and fibre footprints in 40 cities across the UK and a national long distance network that connects these cities to major data-centres across the UK and to key peering points in London.
The company has an extensive customer base spanning service integrators, enterprise and consumer service providers and mobile operators. Providing a portfolio of active and dark fibre services, CityFibre's networks address 28,000 public sites, 7,800 mobile masts, 280,000 businesses and 4 million homes.
CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY). Further information on the company can be found at www.cityfibre.com
Related Shares:
Cityfibre