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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Damille Inv Ii | LSE:DIL2 | London | Ordinary Share | GG00BFMHSG58 | ORD SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 50.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMDIL2
RNS Number : 4432J
Damille Investments II Limited
09 September 2016
DAMILLE INVESTMENTS II LIMITED (LSE:DIL2) (the "Company")
9 September 2016
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 Damille Partners Limited --- ------------------------- ------------------------------- 2 Reason for the notification --- ---------------------------------------------------------- a) Position/status Person Closely Associated with Brett Miller and Rhys Davies, directors 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 Damille Investments II Limited --- ------------------------- ------------------------------- b) LEI ISIN GG00B7617Z91 --- ------------------------- ------------------------------- 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 no par the financial value instrument, type of instrument ISIN GG00B7617Z91 Identification code --- ------------------------- ------------------------------- b) Nature of the Acquisition transaction --- ------------------------- ------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ------------ ---------- GBP1.1204 384,247 ------------ ---------- --- ------------------------- ------------------------------- d) Aggregated information - Aggregated volume 384,247 - Price GBP1.1204 --- ------------------------- ------------------------------- e) Date of the transaction 8 September, 2016 --- ------------------------- ------------------------------- f) Place of the transaction Outside a trading venue - Guernsey --- ------------------------- -------------------------------
The Ordinary Shares were sold out of treasury to Damille Partners Limited ("Damille") at the prevailing net asset value as at 31 August, 2016 of GBP1.1204 in satisfaction of the performance fees payable to Damille under the Services Agreement between the Company, Damille and Messrs B Miller and R Davies, directors of the Company and principals of Damille.
334,757 Ordinary Shares were sold in settlement of the performance fee for the performance period ended on 31 August, 2016, being the "Second Performance Period".
When calculating the performance fee payable in respect of the Second Performance Period, it was identified that the performance fee in respect of the performance period ended on 30 November 2012 (the "First Performance Period") had been incorrectly calculated by the Company's administrator at that time, so that too few Ordinary Shares had been issued to Damille on 12 February, 2013. The monetary value of that underpayment to Damille was quantified as GBP55,448.41.
Therefore, an additional 49,490 Ordinary Shares were sold in full and final settlement of the outstanding performance fee payable in respect of the First Performance Period as explained above.
By order of the Board
Damille Investments II Limited
For further information contact:
Administrative Enquiries: Shareholder Enquiries: JTC (Guernsey) Limited Nimrod Capital LLP Tel: +44 (0) 1481 702 400 Tel: +44 (0) 20 7382 4565 fundservicesgsy@jtcgroup.com info@nimrodcapital.com
END OF ANNOUNCEMENT
E&OE - In Transmission
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHUKVRRNKAKRAR
(END) Dow Jones Newswires
September 09, 2016 07:05 ET (11:05 GMT)
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