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EKT Elektron Technology Plc

53.50
0.00 (0.00%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Elektron Technology Plc LSE:EKT London Ordinary Share GB00B0C5RG72 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 53.50 53.00 54.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Checkit PLC Director Dealings and Related Party Transactions (3506W)

10/12/2019 9:47am

UK Regulatory


Elektron Technology (LSE:EKT)
Historical Stock Chart


From May 2019 to May 2024

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TIDMCKT

RNS Number : 3506W

Checkit PLC

10 December 2019

Checkit plc

("Checkit" or the "Company")

Director's Dealings and Related Party Transactions

Further to the announcement on 3 December 2019, the directors' participation in the Tender Offer is set out below:

 
                            Number       Percentage          Number         Number       Percentage 
                       of Ordinary        of issued     of Ordinary    of Ordinary        of issued 
                            Shares    share capital          Shares         Shares         ordinary 
                             prior         prior to      sold under      following    share capital 
                            to the       the Tender      the Tender     the Tender        following 
                            Tender            Offer           Offer          Offer     cancellation 
                             Offer                           at 65p                          of the 
                                                       per Ordinary                          Tender 
                                                              Share                    Offer shares 
 Keith Daley           21,710,516        11.67%        14,473,677      7,236,839         11.67% 
                     -------------  ---------------  --------------  -------------  --------------- 
 Andy Weatherstone      621,425          0.33%           465,661        155,764          0.25% 
                     -------------  ---------------  --------------  -------------  --------------- 
 John Wilson           2,775,000         1.49%          2,043,064       731,936          1.18% 
                     -------------  ---------------  --------------  -------------  --------------- 
 Giovanni Ciuccio        13,500          0.01%            8,065          5,435           0.01% 
                     -------------  ---------------  --------------  -------------  --------------- 
 Richard "Ric" 
  Piper                 380,333          0.20%           280,016        100,317          0.16% 
                     -------------  ---------------  --------------  -------------  --------------- 
 

The participation by the directors in the Tender Offer constitutes a related party transaction for the purposes of the AIM Rules. Furthermore, D&A Income Limited and Ruffer LLP are substantial shareholders in the Company in accordance with the definitions of the AIM Rules and therefore, their participation also constitutes a related party transaction for the purposes of the AIM Rules.

As there are no independent directors (for the purposes of the Tender Offer) to provide a fair and reasonable statement because all of the directors are participating in the Tender Offer, N+1 Singer (in its capacity as nominated adviser for the purposes of the AIM Rules) considers that the participation by the directors and substantial shareholders in the Tender Offer is fair and reasonable insofar as the shareholders of the Company are concerned.

--

For further information:

Checkit plc +44 (0) 1223 371 000

www.checkit.net

Keith Daley (Executive Chairman)

Andrew Weatherstone (Chief Financial Officer & Company Secretary)

Yellowstone Advisory (Investor Relations)

Alex Schlich

+44 (0) 7710 164 120

N+1 Singer (Nominated Adviser & Broker)

Shaun Dobson / George Tzimas (Corporate Finance) +44 (0) 20 7496 3000

Rachel Hayes (Corporate Broking)

Note to editors:

Checkit's real-time operations management software makes organisations smart, safe and efficient. Our products use Internet of Things ("IoT"), mobile and cloud technologies to ensure our customers get the best out of their mobile teams, processes and buildings. Checkit users operate in many sectors including Retail, Hospitality, Healthcare, Real Estate Management and Manufacturing. Checkit is headquartered in Cambridge, UK with its Operations Centre in Fleet, UK and a Sales and Service office in California, USA.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                    Keith Daley 
      --------------------------------------  ------------------------------------------ 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------- 
 a)    Position/status                         Executive Chairman 
      --------------------------------------  ------------------------------------------ 
 b)    Initial notification                    Initial 
        /Amendment 
      --------------------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------- 
 a)    Name                                    Checkit Plc 
      --------------------------------------  ------------------------------------------ 
 b)    LEI                                     213800556WJOWQNT2R68 
      --------------------------------------  ------------------------------------------ 
 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                      Ordinary Shares of 5p Each 
        financial instrument, 
        type of instrument 
 
       Identification code                     GB00B0C5RG72 
 
 b)    Nature of the transaction               Participation in Tender Offer / Sale 
                                                of Shares 
      --------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                               ------------------  ------------------- 
                                                Price(s)            Volume(s) 
                                               ------------------  ------------------- 
                                                65                  14,473,677 
                                               ------------------  ------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                     n/a 
 
  - Price 
 
 e)    Date of the transaction                 5 December 2019 
      --------------------------------------  ------------------------------------------ 
 f)    Place of the transaction                London 
      --------------------------------------  ------------------------------------------ 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Andy Weatherstone 
      ---------------------------------------  ------------------------------------------ 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                          Chief Financial Officer 
      ---------------------------------------  ------------------------------------------ 
 b)    Initial notification                     Initial 
        /Amendment 
      ---------------------------------------  ------------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ----------------------------------------------------------------------------------- 
 a)    Name                                     Checkit Plc 
      ---------------------------------------  ------------------------------------------ 
 b)    LEI                                      213800556WJOWQNT2R68 
      ---------------------------------------  ------------------------------------------ 
 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                       Ordinary Shares of 5p Each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B0C5RG72 
 
 b)    Nature of the transaction                Participation in Tender Offer / Sale 
                                                 of Shares 
      ---------------------------------------  ------------------------------------------ 
 c)    Price(s) and volume(s) 
                                                ------------------  ------------------- 
                                                 Price(s)            Volume(s) 
                                                ------------------  ------------------- 
                                                 65                  465,661 
                                                ------------------  ------------------- 
 
 d)    Aggregated information                   n/a 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  5 December 2019 
      ---------------------------------------  ------------------------------------------ 
 f)    Place of the transaction                 London 
      ---------------------------------------  ------------------------------------------ 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     John Wilson 
      ---------------------------------------  -------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position/status                          Non Executive Director 
      ---------------------------------------  -------------------------------- 
 b)    Initial notification                     Initial 
        /Amendment 
      ---------------------------------------  -------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                                     Checkit Plc 
      ---------------------------------------  -------------------------------- 
 b)    LEI                                      213800556WJOWQNT2R68 
      ---------------------------------------  -------------------------------- 
 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                       Ordinary Shares of 5p Each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B0C5RG72 
 
 b)    Nature of the transaction 
      ---------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s) 
                                                -------------  -------------- 
                                                 Price(s)       Volume(s) 
                                                -------------  -------------- 
                                                 65             2,043,064 
                                                -------------  -------------- 
 
 d)    Aggregated information                   n/a 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  5 December 2019 
      ---------------------------------------  -------------------------------- 
 f)    Place of the transaction                 London 
      ---------------------------------------  -------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Giovanni Ciuccio 
      ---------------------------------------  -------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position/status                          Non Executive Director 
      ---------------------------------------  -------------------------------- 
 b)    Initial notification                     Initial 
        /Amendment 
      ---------------------------------------  -------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                                     Checkit Plc 
      ---------------------------------------  -------------------------------- 
 b)    LEI                                      213800556WJOWQNT2R68 
      ---------------------------------------  -------------------------------- 
 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                       Ordinary Shares of 5p Each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B0C5RG72 
 
 b)    Nature of the transaction 
      ---------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s) 
                                                -------------  -------------- 
                                                 Price(s)       Volume(s) 
                                                -------------  -------------- 
                                                 65             8,065 
                                                -------------  -------------- 
 
 d)    Aggregated information                   n/a 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  5 December 2019 
      ---------------------------------------  -------------------------------- 
 f)    Place of the transaction                 London 
      ---------------------------------------  -------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                     Richard "Ric" Piper 
      ---------------------------------------  -------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------- 
 a)    Position/status                          Non Executive Director 
      ---------------------------------------  -------------------------------- 
 b)    Initial notification                     Initial 
        /Amendment 
      ---------------------------------------  -------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------------- 
 a)    Name                                     Checkit Plc 
      ---------------------------------------  -------------------------------- 
 b)    LEI                                      213800556WJOWQNT2R68 
      ---------------------------------------  -------------------------------- 
 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                       Ordinary Shares of 5p Each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B0C5RG72 
 
 b)    Nature of the transaction 
      ---------------------------------------  -------------------------------- 
 c)    Price(s) and volume(s) 
                                                -------------  -------------- 
                                                 Price(s)       Volume(s) 
                                                -------------  -------------- 
                                                 65             280,016 
                                                -------------  -------------- 
 
 d)    Aggregated information                   n/a 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction                  5 December 2019 
      ---------------------------------------  -------------------------------- 
 f)    Place of the transaction                 London 
      ---------------------------------------  -------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 10, 2019 04:47 ET (09:47 GMT)

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