19th Oct 2017 07:00
NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
Gocompare.com Group plc
19 October 2017
Result of Director / PDMR Secondary Placing of shares
Further to the announcement on 18 October 2017 regarding a proposal by Sir Peter Wood to sell approximately 21.3 million shares in Gocompare.com Group plc ("GoCompare" or the "Company"), the Company announces that it has been informed that Sir Peter Wood has sold 21.3 million shares at a price of 100 pence per ordinary share (the "Placing").
The Placing is expected to settle on a T+2 basis, on 23 October 2017. The Company is not party to the Placing and, as a result, will not receive any proceeds from the Placing.
Following the Placing, Sir Peter Wood retains a beneficial interest in approximately 107.3 million ordinary shares, representing just over 25 per cent. of the voting rights of the Company. The Company has been informed that the shares held by Sir Peter Wood following the Placing will be subject to a 90 day lock up (subject to waiver by Deutsche Bank AG, London Branch ("Deutsche Bank") and Peel Hunt LLP ("Peel Hunt") and other customary exceptions).
The Placing was conducted via an accelerated bookbuild with Deutsche Bank and Peel Hunt acting as Joint Bookrunners.
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. The notification below provides further detail. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
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 | Sir Peter Wood | ||||
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 | Gocompare.com Group plc | ||||
b) | LEI | 213800DUUN4C47JEL561 | ||||
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 | Gocompare.com Group plc Ordinary shares of £0.0002 each | ||||
Identification code | ISIN: GB00BZ02Q916 | |||||
b) | Nature of the transaction | Sale of ordinary shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information- Aggregated volume- Price | 21,334,673£1.00 | ||||
e) | Date of the transaction | 19 October 2017 | ||||
f) | Place of the transaction | London Stock Exchange (XLON) | ||||
Enquiries:
Gocompare
Nick Wrighton, Chief Financial Officer
Tel: 016 3365 5051
Anders Nilsson, Head of PR and outreach
Tel: 016 3365 4054
Deutsche Bank
Claire Brooksby / Mark Hankinson
Tel: 020 7545 8000
Peel Hunt
Edward Knight / Alastair Rae
Tel: 020 7418 8900
Citigate Dewe Rogerson
Chris Barrie / Jos Bieneman
Tel: 020 7638 9571
Deutsche Bank AG is authorised under German Banking Law (competent authority: European Central Bank) and, in the United Kingdom, by the Prudential Regulation Authority. It is subject to supervision by the European Central Bank and by BaFin, Germany's Federal Financial Supervisory Authority, and is subject to limited regulation in the United Kingdom by the Prudential Regulation Authority and Financial Conduct Authority.
Deutsche Bank AG is a joint stock corporation with limited liability incorporated in the Federal Republic of Germany, Local Court of Frankfurt am Main, HRB No. 30 000; Branch Registration in England and Wales BR000005 and Registered Address: Winchester House, 1 Great Winchester Street, London EC2N 2DB. Deutsche Bank AG, London Branch is a member of the London Stock Exchange. Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available on request or from www.db.com/en/content/eu_disclosures.htm
Peel Hunt LLP is authorised and regulated by the Financial Conduct Authority in the United Kingdom.
Any investment decision to buy shares must be made solely on the basis of publicly available information. Such information is not the responsibility of Deutsche Bank AG, London Branch or Peel Hunt LLP and has not been independently verified by Deutsche Bank AG, London Branch or Peel Hunt LLP. Deutsche Bank AG and Peel Hunt LLP are acting for Sir Peter Wood and no one else in connection with the transaction and will not be responsible to anyone other than Sir Peter Wood for providing advice or protections afforded to clients in relation to any transaction or any matters referred to this announcement.
The information contained within this announcement is deemed by Gocompare.com Group plc to constitute inside information as stipulated under the Market Abuse Regulation (EU) No.596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Gocompare.com Group plc is listed on the London Stock Exchange (GOCO)Registered Office: Imperial House, Imperial Way, Newport, Gwent, NP10 8UHRegistered in England and Wales with registered number: 06062003LEI: 213800DUUN4C47JEL561ISIN: GB00BZ02Q916
Related Shares:
GOCO.L