2nd Oct 2020 13:01
2 October 2020
For immediate release
THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU NO. 596/2014 ("MAR").
NEW TREND LIFESTYLE GROUP PLC
("NTLG" or "the Company" or "the Group")
(to be re-named Conduity Capital Plc)
PDMR Dealings
Further to the announcement dated 1 October 2020, NTLG can confirm that, following completion of Proposals, the new warrants to existing, previous and new Directors have now been issued.
Greg Collier and Nick Lee have each received warrants over 2,450,000 New Consolidated Ordinary Shares (representing two per cent. each of the Enlarged Share Capital) at a strike price of £0.015 per New Consolidated Ordinary Share. This strike price represents a 50 per cent. premium to the Placing Price of £0.01 per New Consolidated Ordinary Share. The Warrants only become exercisable on the completion, by the Company, of a reverse takeover (as defined by the AIM Rules for Companies) in the next 12 months and will remain exercisable for a further period of 12 months following completion of a reverse takeover.
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
| Greg Collier | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Chairman | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| New Trend Lifestyle Group Plc | |||
b)
| LEI
| 213800CHRBYTAXLXU352 | |||
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 1p each | |||
Identification code | GB00BMX66220 | ||||
b)
| Nature of the transaction
| Issue of Warrants | |||
c)
| Price(s) and volume(s) | ||||
Exercise Price | Volume | ||||
| £0.015 | 2,450,000 | |||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 October 2020 | |||
f)
| Place of the transaction
| Outside of a trading venue | |||
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
a)
| Name
| Nick Lee | |||
2
| Reason for the notification
| ||||
a)
| Position/status
| Director | |||
b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
a)
| Name
| New Trend Lifestyle Group Plc | |||
b)
| LEI
| 213800CHRBYTAXLXU352 | |||
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 1p each | |||
Identification code | GB00BMX66220 | ||||
b)
| Nature of the transaction
| Issue of Warrants | |||
c)
| Price(s) and volume(s) | ||||
Exercise Price | Volume | ||||
| £0.015 | 2,450,000 | |||
d)
| Aggregated information | n/a - single transaction | |||
- Aggregated volume | |||||
- Price | |||||
e)
| Date of the transaction
| 2 October 2020 | |||
f)
| Place of the transaction
| Outside of a trading venue | |||
~ End ~
For further information please contact:
New Trend Lifestyle Group Plc Gregory Collier, Non-Executive Chairman
| +44 (0) 7830 182501 |
SPARK Advisory Partners Limited (Nominated Adviser) Mark Brady Neil Baldwin www.sparkadvisorypartners.com
| +44 (0) 203 368 3551 |
Peterhouse Capital Limited (Broker) Heena Karani/Lucy Williams | +44 (0) 207 496 0930 |
About NTLG
NTLG is an AIM Rule 15 Cash Shell.
Shareholders approved the change of name to Conduity Capital Plc at a General Meeting on 1 October 2020. The Company awaits confirmation of the change of name from the Registrar of Companies, when a further announcement will be made.
Related Shares:
NTLG.L