CityFibre Infrastructure Hldgs PLC Director/PDMR Shareholdings (1419M)

TIDMCITY

RNS Number : 1419M

CityFibre Infrastructure Hldgs PLC

10 October 2016

 
  For immediate release    10 October 2016 
 

CITYFIBRE INFRASTRUCTURE HOLDINGS PLC

('CityFibre' or the 'Group' or the 'Company')

Director/PDMR Shareholdings

CityFibre (AIM: CITY), a leading designer, builder, owner, and operator of fibre optic infrastructure in UK towns and cities, was informed on 10 October 2016 of the sales of ordinary shares of 1 pence each in the Group ("Ordinary Shares") by the following Company Directors:

Gary Mesch, Non-Executive Director, sold 1,080,000 Ordinary Shares on 10 October 2016 at an average price of 60 pence per Ordinary Share;

Greg Mesch, Group Chief Executive and an Executive Director, sold 210,000 Ordinary Shares on 10 October 2016 at an average price of 60 pence per Ordinary Share, and;

Mark Collins, Group Director of Strategy and Public Affairs and an Executive Director, sold 210,000 Ordinary Shares on 10 October 2016 at an average price of 60 pence per Ordinary Share.

Following these transactions, the Directors retain the following beneficial interests in the share capital of the Group:

 
  Names and positions      Number of         Percentage          Number of 
      of Directors          Ordinary       of total Issued      options over 
                           Shares held      share capital      Ordinary Shares 
                                             of Ordinary            held 
                                             Shares held 
----------------------  --------------  ------------------  ------------------ 
  Gary Mesch               1,166,831           0.44%              231,781 
----------------------  --------------  ------------------  ------------------ 
  Greg Mesch                572,803            0.22%             5,742,576 
----------------------  --------------  ------------------  ------------------ 
  Mark Collins              162,987            0.06%             1,764,342 
----------------------  --------------  ------------------  ------------------ 
 

Greg Mesch and Mark Collins executed their Ordinary Share sales in order to repay personal obligations incurred in relation to the formation of the Group. Gary Mesch is a founding investor in CityFibre dating back to 2011, and remains committed to its long-term growth prospects. The Ordinary Shares sold were placed with existing institutional shareholders.

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                       Gary Mesch - Non-Executive Director 
                                     Greg Mesch - Chief Executive Officer 
                                     Mark Collins - Group Director of Strategy 
                                     and Public Affairs and an Executive Director 
----  --------------------------  ----------------------------------------------- 
  2.    Reason for the Notification 
----  --------------------------------------------------------------------------- 
  a)    Position/status             See 1(a) above for positions - all classified 
                                     as PDMRs 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                        CityFibre Infrastructure Holdings 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 1 pence each 
         the Financial 
         instrument, type 
         of instrument 
---- 
        Identification              GB00BH581H10 
         code 
----  --------------------------  ----------------------------------------------- 
  b)    Nature of the               Sale of Ordinary Shares 
         transaction 
----  --------------------------  ----------------------------------------------- 
  c)    Price(s) and                Price: 60 pence 
         volume(s)                   Volumes(s): 
                                     Gary Mesch - 1,080,000 Ordinary Shares 
                                     Greg Mesch - 210,000 Ordinary Shares 
                                     Mark Collins - 210,000 Ordinary Shares 
----  --------------------------  ----------------------------------------------- 
  d)    Aggregated information:     n/a 
          *    Aggregated volume     Gary Mesch - 1,080,000 Ordinary Shares 
                                     at 60 pence per Ordinary Share 
                                     Greg Mesch - 210,000 Ordinary Shares at 
          *    Price                 60 pence per Ordinary Share 
                                     Mark Collins - 210,000 Ordinary Shares 
                                     at 60 pence per Ordinary Share 
----  --------------------------  ----------------------------------------------- 
  e)    Date of the transaction     10 October 2016 
----  --------------------------  ----------------------------------------------- 
  f)    Place of the                London Stock Exchange, AIM Market (XLON) 
         transaction 
----  --------------------------  ----------------------------------------------- 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information, please contact:

 
  CityFibre Infrastructure Holdings         www.cityfibre.com 
   plc 
  Greg Mesch, Chief Executive Officer       Tel: [phone] 
                                             0774 
  Terry Hart, Chief Financial Officer 
  James Enck, Head of Investor Relations    Tel: [phone] 
                                             6283 
 
  finnCap (Nomad and Joint Broker)          www.finncap.com 
  Stuart Andrews / Christopher Raggett      Tel: [phone] 
   (Corporate Finance)                       0500 
  Simon Johnson (Corporate Broking) 
 
  Liberum (Joint Broker)                    www.liberum.com 
  Steve Pearce / Steven Tredget /           Tel: [phone] 
   Richard Bootle                            2000 
 
  Vigo Communications                       www.vigocomms.com 
  Jeremy Garcia / Fiona Henson              Tel: [phone] 
                                             9700 
 

About CityFibre:

CityFibre is the national builder of Gigabit Cities, as the UK's largest alternative provider of wholesale fibre network infrastructure. It has major metro duct and fibre footprints in 40 cities across the UK and a national long distance network that connects these cities to major data-centres across the UK and to key peering points in London.

The company has an extensive customer base spanning service integrators, enterprise and consumer service providers and mobile operators. Providing a portfolio of active and dark fibre services, CityFibre's networks address 28,000 public sites, 7,800 mobile masts, 280,000 businesses and 4 million homes.

CityFibre is based in London, United Kingdom, and its shares trade on the AIM Market of the London Stock Exchange (AIM: CITY). Further information on the company can be found at www.cityfibre.com

This information is provided by RNS

The company news service from the London Stock Exchange

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October 10, 2016 08:40 ET (12:40 GMT)