22nd Jan 2020 10:23
22 January 2020
Sumo Group plc
("Sumo Group" or the "Company")
Directors' Dealings
Sumo Group announces that Carl Cavers, Chief Executive Officer, and Paul Porter, Chief Operating Officer, have each sold 500,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") and that David Wilton, Chief Financial Officer has purchased 5,000 Ordinary Shares.
These sales and purchase took place on 22 January 2020. The sales took place at a price of 195 pence per Ordinary Share and the purchase took place at a price of 199.8731 pence per Ordinary Share.
Following these transactions, Carl Cavers' interest in Ordinary Shares is 4,650,116 representing 3.09 per cent. of the Company's issued Ordinary Share capital, Paul Porter's interest in Ordinary Shares is 4,503,724 representing 2.99 per cent. of the Company's issued Ordinary Share capital and David Wilton's interest in Ordinary Shares is 335,709 representing 0.22 per cent. of the Company's issued Ordinary Share capital.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
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 | Carl Cavers |
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2 | Reason for the notification |
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a) | Position/status | Chief Executive Officer |
b) | Initial notification /Amendment | Initial notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Sumo Group plc |
b) | LEI | 213800LTZXJCG5QKIM14 |
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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 | Ordinary shares of £0.01
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| Identification code | SUMO | |
b) | Nature of transaction | Sale | |
c) | Price(s) and volume(s) | Price | Volume |
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| 195p | 500,000 |
d) | Aggregated information - Aggregated volume - Price |
N/A | |
e) | Date of the transaction | 22 January 2020 | |
f) | Place of the transaction | London Stock Exchange, AIM | |
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 | Paul Porter |
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2 | Reason for the notification |
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a) | Position/status | Chief Operating Officer |
b) | Initial notification /Amendment | Initial notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Sumo Group plc |
b) | LEI | 213800LTZXJCG5QKIM14 |
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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 | Ordinary shares of £0.01
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| Identification code | SUMO | |
b) | Nature of transaction | Sale | |
c) | Price(s) and volume(s) | Price | Volume |
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| 195p | 500,000 |
d) | Aggregated information - Aggregated volume - Price |
N/A | |
e) | Date of the transaction | 22 January 2020 | |
f) | Place of the transaction | London Stock Exchange, AIM | |
1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | David Wilton |
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2 | Reason for the notification |
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a) | Position/status | Chief Financial Officer |
b) | Initial notification /Amendment | Initial notification |
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3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Sumo Group plc |
b) | LEI | 213800LTZXJCG5QKIM14 |
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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 | Ordinary shares of £0.01
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| Identification code | SUMO | |
b) | Nature of transaction | Purchase | |
c) | Price(s) and volume(s) | Price | Volume |
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| 199.8731p | 5,000 |
d) | Aggregated information - Aggregated volume - Price |
N/A | |
e) | Date of the transaction | 22 January 2020 | |
f) | Place of the transaction | London Stock Exchange, AIM | |
Enquiries: | |
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Sumo Group plc | Tel: +44 (0) 114 242 6766 |
Carl Cavers, Chief Executive Officer |
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David Wilton, Chief Financial Officer |
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Zeus Capital Limited (Nominated Adviser & Broker) |
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Nick Cowles / Andrew Jones | Tel: +44 (0) 161 831 1512 |
Ben Robertson / John Goold | Tel: +44 (0) 203 829 5000 |
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Belvedere Communications Limited |
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Cat Valentine ([email protected]) | Tel: +44 (0) 7715 769 078 |
Keeley Clarke ([email protected]) | Tel: +44 (0) 7967 816 525 |
Llew Angus ([email protected]) | Tel: +44 (0) 7407 023 147 |
About Sumo Group - www.sumogroupplc.com
Sumo Group's businesses provide acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, and Canada.
Sumo Digital, as the group's primary business, is one of the UK's largest independent developers of AAA-rated video games, having studios in Sheffield, Newcastle, Nottingham, Brighton, Leeds, Leamington Spa, Warrington and Pune, India. The business has acquired two studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room and Red Kite Games. Sumo Digital provides turnkey and co-development solutions to a global blue-chip client base.
Atomhawk is a multi-award-winning visual design company, with studios in Newcastle and in Vancouver (Canada), servicing the games, film and visual effects industries.
Together, the Group delivers full-spectrum visual and development solutions, which include initial visual concepts, conceiving new products and game development involving all aspects of pre-production, production & development, as well as supporting games as a service.
Related Shares:
SUMO.L