6th Aug 2019 08:06
Idox Plc
Directors' Dealings & Holdings in Company
Idox plc (LSE:IDOX, "Company" or "Idox") received notification on 6 August 2019 from Kestrel Partners LLP ("Kestrel") that on 6 August 2019 it acquired, on behalf of its discretionary clients, 2,456,140 ordinary shares of 1p each ("Shares") in the Company at a price of £0.285 per share. The notification also included the matters set out below.
Mr Scott, a non-executive director of Idox, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Idox.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 33,537,916 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 11,331,582 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 44,869,498 Shares in the Company, which represents approximately 10.16% per cent of the Company's issued share capital.
Kestrel's interest in the Shares in the Company is held through the following nominees:
Holding type | Nominee | No. of shares | % of issued share capital |
Indirect | Bank of New York Nominees Ltd | 33,537,916 | 7.60% |
Indirect | JIM Nominees Limited | 2,701,895 | 0.61% |
Indirect | Bank of New York Nominees Ltd | 8,403,032 | 1.90% |
Indirect | Bank of New York Nominees Ltd | 226,655 | 0.05% |
For further information contact:
Idox plc +44 (0) 870 333 7101 Chris Stone, Non-Executive Chairman David Meaden, Chief Executive Rob Grubb, Chief Financial Officer
N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000 Shaun Dobson / Jen Boorer (Corporate Finance) Tom Salvesen (Corporate Broking)
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ANNEX
Template for 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
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a)
| Name
| Kestrel Partners LLP ('Kestrel')
| ||||
2
| Reason for the notification
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a)
| Position/status
| PCA - Oliver Rupert Andrew Scott (non-executive director of Idox plc and Partner in Kestrel) | ||||
b)
| Initial notification /Amendment
| Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| Idox Plc | ||||
b)
| LEI
| 213800Z3FE6PWVSUGE70 | ||||
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
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a)
| Description of the financial instrument, type of instrument
Identification code
| 1p Ordinary Shares
ISIN: GB0002998192
| ||||
b)
| Nature of the transaction
| Transfer for a client account managed by Kestrel to client account held at separate broker. No change of beneficial ownership. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
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2,456,140 Shares in total at £0.285 per share
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e)
| Date of the transaction
| 2019-08-06 | ||||
f)
| Place of the transaction
| London Stock Exchange | ||||
Related Shares:
Idox Group