16th Dec 2009 14:27
16th December 2009
Pursuit Dynamics PLC
("Pursuit" or "the Company")
PDMR and Holdings in Company
Pursuit Dynamics PLC (AIM: PDX), the developer and exploiter of the PDX platform technology, received notification of the following transactions:
The Company received notification on 16th December 2009 from Mr. J Heathcote that:
(i) on 16th December 2009 he sold 3,792,900 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 125 pence per share;
(ii) on 16th December 2009 he had exercised options over 600,000 new Ordinary Shares; and
(iii) on 16th December 2009 he entered into a binding contract to sell 600,000 Ordinary Shares at a price of 125 pence per share on 31st March 2010.
On 16th December 2009, Quantum Holdings Limited (a company connected with Mr. Roel Pieper, the Company's CEO, for the purposes of Section 252 of the Companies Act 2006) ("Quantum") entered into a binding commitment to purchase 600,000 Ordinary Shares at a price of 125 pence per share on 31st March 2010.
An application has been made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM. Admission is expected to take place on 22nd December 2009. Following admission of the new Ordinary Shares the Company will have 65,666,118 Ordinary Shares with voting rights in issue.
Following transactions (i) and (ii) above and the issue of the new Ordinary Shares Mr. J Heathcote will hold 5,672,700 Ordinary Shares representing 8.64% of the Company's enlarged issued share capital. On completion of the Quantum Holdings Limited transaction, Mr J Heathcote will be interested in 5,072,700 Ordinary Shares representing 7.72% of the Company's enlarged issued share capital and Quantum will be interested in 600,000 Ordinary Shares representing 0.91% of the Company's enlarged issued share capital.
For Further Information, please contact:
Pursuit Dynamics PLC
Roel Pieper, Chief Executive Tel: +44 (0)1480 422050
Donald Bell, Chief Financial Officer
Financial Dynamics Marc Cohen Tel: +44 (0) 20 7831 3113
Cenkos Securities plc Ian Soanes / Max Hartley Tel: +44 (0)20 7397 8924
Mirabaud Securities LLP
Rory Scott Tel: +44 (0)207 878 3360
Notes to Editors
Pursuit Dynamics PLC (AIM: PDX) owns and commercialises the PDX fluid processing reactor whose benefits include significant reductions in energy usage, process acceleration and result enhancement for industries such as Bioethanol production, Food & Drink, Brewing, Fire Suppression and Decontamination.
Pursuit Dynamics is headquartered in Huntingdon, UK and has offices in Norwalk, Connecticut, and Fallbrook, California, USA.
Further information is available at the Company's website: www.pursuitdynamics.com
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