dotDigital Group plc Director/PDMR Shareholding (6278P)

TIDMDOTD

RNS Number : 6278P

dotDigital Group plc

18 November 2016

FOR IMMEDIATE RELEASE 18 NOVEMBER 2016

dotdigital Group plc

("dotdigital" or the "Company")

Director/PDMR Shareholding

dotdigital Group Plc (AIM:DOTD), the leading provider of intuitive Software as a Service and managed services to digital marketing professionals, announces that the Company was informed on 18 November 2016 that Tink Taylor (a Founding Director) and Peter Simmonds (retired CEO) of the Company, as detailed below reduced their holdings in ordinary shares of 0.5 pence each in the capital the Company ("Ordinary Shares") in order to satisfy strong demand from institutional investors.

 
 Director                  Date         Number            Price          Beneficial          Beneficial 
                 of Transaction    of Ordinary         at which             holding             holding 
                                        Shares     the Ordinary         of Ordinary         of Ordinary 
                                      disposed           Shares              Shares              Shares 
                                            of    were disposed           following           following 
                                                             of    this transaction    this transaction 
                                                                                                    (%) 
------------  -----------------  -------------  ---------------  ------------------  ------------------ 
 Ian "Tink" 
  Taylor             18/11/2016      7,000,000           53.00p          29,776,667              10.10% 
------------  -----------------  -------------  ---------------  ------------------  ------------------ 
 Peter 
  Simmonds*          18/11/2016      1,500,000           53.00p           2,491,470               0.84% 
------------  -----------------  -------------  ---------------  ------------------  ------------------ 
* 1,477,972 of Peter Simmonds holdings/voting 
 rights have been held by Frank Nominees 
 Limited which acts as the nominee for Alliance 
 Trust Pensions Limited, which is the trustee 
 of a SIPP established by Peter Anthony 
 Simmonds. Frank Nominees is the vehicle 
 used by Kleinwort Benson Limited to hold 
 securities for clients, trusts, SIPPs etc. 
 The beneficiary of the SIPP is Peter Anthony 
 Simmonds. The transaction above reflects 
 a reduction in the SIPP holdings. 
 
 Milan Patel, Interim CEO & CFO, commented: 
 
 

"Whilst Directors still hold a significant position in dotdigital of over 17%, we are delighted with the investment interest in the Company demonstrated by a number of our highly regarded current institutional investors, which continues to strengthen our shareholder base over the medium and longer term. This follows on from our recent intensive and extremely positive roadshow."

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

For further enquiries please contact:

 
 dotdigital Group Plc           Tel: [phone] 
  Milan Patel, CEO & CFO 
-----------------------------  ------------------- 
 Financial PR and Investor      Tel: [phone] 
  Relations                      496 
  Lisa Baderoon 
  [e-mail] 
-----------------------------  ------------------- 
 N+1 Singer (Nominated          Tel: [phone] 
  Adviser and Joint Broker) 
  Shaun Dobson, Head of 
  Corporate Finance 
  Liz Yong, Corporate Finance 
-----------------------------  ------------------- 
 finnCap (Joint Broker)         Tel: [phone] 
  Stuart Andrews, Corporate 
  Finance 
-----------------------------  ------------------- 
 

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                       Ian "Tink" Taylor 
---  -------------------------  ------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status            PDMR (Non-executive Director) 
---  -------------------------  ------------------------------ 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------- 
 a)   Name                       dotDigital plc 
---  -------------------------  ------------------------------ 
 b)   LEI                        N/A 
---  -------------------------  ------------------------------ 
 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             Ordinary shares of 0.5 pence 
       the financial              each 
       instrument, type 
       of instrument 
                                  GB00B3W40C23 
       Identification 
       code 
---  -------------------------  ------------------------------ 
 b)   Nature of the              Disposal of Ordinary Shares 
       transaction                by a PDMR 
---  -------------------------  ------------------------------ 
 c)   Price(s) and volume(s)       Price(s)       Volume(s) 
                                   -------------  ---------- 
                                    53.00 pence    7,000,000 
                                   -------------  ---------- 
---  -------------------------  ------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume         7,000,000 ordinary shares 
 
 
       - Price                     53.00 pence 
---  -------------------------  ------------------------------ 
 e)   Date of the transaction    18 November 2016 
---  -------------------------  ------------------------------ 
 f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  ------------------------------ 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  --------------------------------------------------------- 
 a)   Name                       Peter Simmonds 
---  -------------------------  ------------------------------ 
 2    Reason for the notification 
---  --------------------------------------------------------- 
 a)   Position/status            PDMR (Non-executive Director) 
---  -------------------------  ------------------------------ 
 b)   Initial notification       Initial Notification 
       /Amendment 
---  -------------------------  ------------------------------ 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  --------------------------------------------------------- 
 a)   Name                       dotDigital plc 
---  -------------------------  ------------------------------ 
 b)   LEI                        N/A 
---  -------------------------  ------------------------------ 
 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             Ordinary shares of 0.5 pence 
       the financial              each 
       instrument, type 
       of instrument 
                                  GB00B3W40C23 
       Identification 
       code 
---  -------------------------  ------------------------------ 
 b)   Nature of the              Disposal of Ordinary Shares 
       transaction                by a PDMR 
---  -------------------------  ------------------------------ 
 c)   Price(s) and volume(s)       Price(s)       Volume(s) 
                                   -------------  ---------- 
                                    53.00 pence    1,500,000 
                                   -------------  ---------- 
---  -------------------------  ------------------------------ 
 d)   Aggregated information 
 
       - Aggregated volume         1,500,000 ordinary shares 
 
 
       - Price                     53.00 pence 
---  -------------------------  ------------------------------ 
 e)   Date of the transaction    18 November 2016 
---  -------------------------  ------------------------------ 
 f)   Place of the transaction   London Stock Exchange (XLON) 
---  -------------------------  ------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 18, 2016 13:09 ET (18:09 GMT)