Arcontech Group PLC Issue of Equity & Director/PDMR Shareholding (2865O)

TIDMARC

RNS Number : 2865O

Arcontech Group PLC

17 August 2017

ARCONTECH GROUP PLC

("Arcontech", the "Company" or the "Group")

Issue of Equity & Director / PDMR Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 76,190 ordinary shares of GBP0.125 each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by Darren Lewis, Head of Development and a PDMR of the Company, at a price of 17.5p per Ordinary Share.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 23 August 2017. On Admission the Company's issued share capital will comprise 12,606,962 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,606,962. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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)   Names                      Darren Lewis - Head of Development 
---  -------------------------  ----------------------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------------- 
 a)   Position/status            See 1 (a) above -PDMR of the 
                                  Company 
---  -------------------------  ----------------------------------- 
 b)   Initial notification/      Initial Notification 
       Amendment 
---  -------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------- 
 a)   Name                       Arcontech Group plc 
---  -------------------------  ----------------------------------- 
 b)   LEI                        213800O7PM9V79TP7523 
---  -------------------------  ----------------------------------- 
 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 GBP0.125 
       the Financial 
       instrument, type 
       of instrument 
--- 
      Identification             GB00BDBBJZ03 
       code 
---  -------------------------  ----------------------------------- 
 b)   Nature of the              Exercise of Options over Ordinary 
       transaction                Shares 
---  -------------------------  ----------------------------------- 
 c)   Price(s) and               Exercise Price: 17.5 pence 
       volume(s)                  Volume: 76,190 
---  -------------------------  ----------------------------------- 
 d)   Aggregated information:    See 4 (c) above 
        *    Aggregated volume 
 
 
        *    Price 
---  -------------------------  ----------------------------------- 
 e)   Date of the transaction    16 August 2017 
---  -------------------------  ----------------------------------- 
 f)   Place of the               Outside a trading venue 
       transaction 
---  -------------------------  ----------------------------------- 
 

Enquiries:

 
                                   020 7256 
 Arcontech Group plc                2300 
 Richard Last, Chairman and 
  Non-Executive Director 
 Matthew Jeffs, Chief Executive 
 
                                   020 7220 
 finnCap Ltd (Nomad & Broker)       0500 
 Carl Holmes/Simon Hicks 
 
 

To access more information on the Group please visit: www.arcontech.com

This information is provided by RNS

The company news service from the London Stock Exchange

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August 17, 2017 06:06 ET (10:06 GMT)