Feedback PLC Issue of Equity & Director / PDMR Shareholding (9662P)

TIDMFDBK

RNS Number : 9662P

Feedback PLC

23 November 2016

23 November 2016

Feedback plc

("Feedback" or the "Company")

Issue of Equity

Director / PDMR Shareholding

Feedback plc (AIM: FDBK), the medical imaging software company, is pleased to announce that it has exercised its discretionary right to issue 15,120,000 new ordinary shares of 0.25 pence each ("New Ordinary Shares") at a deemed issue price of 1.25p to Tom Charlton, non-executive deputy chairman of the Company, in full satisfaction of his outstanding loan to the Company.

The loan of GBP189,000 was made on 20 May 2014 and was repayable on 1 December 2016 if not repaid earlier. Under the terms of the loan agreement the Company had the right, after 1 June 2016, at its sole discretion, to issue up to 15.12 million New Ordinary Shares at a deemed issue price of GBP0.0125 per Ordinary Share in satisfaction of the loan. No interest was payable on the loan.

Following the issue of the New Ordinary Shares, Tom Charlton will hold 64,637,408 ordinary shares representing 29.54% of the issued share capital of the Company.

The New Ordinary Shares will rank pari passu with the existing ordinary shares and application will be made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence by 8.00 a.m. on 29 November 2016.

Following Admission of the New Ordinary Shares, the Company's enlarged issued share capital will consist of 218,793,857 ordinary shares with voting rights. This number may be used by shareholders, following the issue of equity, 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 Financial Conduct Authority's Disclosure and Transparency Rules.

For further information contact:

 
 Feedback plc                         Tel: [phone] 
  Alastair Riddell 
 Allenby Capital Limited (Nominated   Tel: [phone] 
  Adviser and Joint Broker)            5656 
  David Worlidge / James Thomas 
 Peterhouse Corporate Finance Ltd     Tel: [phone] 
  (Joint Broker)                       0936 
  Lucy Williams / Duncan Vasey 
 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.

 
  1    Details of the person discharging managerial 
        responsibilities/person closely associated 
 a)   Name                        Thomas ("Tom") William 
                                   George Charlton 
     --------------------------  ----------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------- 
 a)   Position/status             Director 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                        Feedback 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 the          Ordinary Shares of 0.25 
       financial instrument,       pence each ("Ordinary Shares") 
       type of instrument 
     --------------------------  ----------------------------------- 
     Identification code          ISIN for Feedback plc Ordinary 
                                   Shares: 
                                   GB0003340550 
     --------------------------  ----------------------------------- 
 b)   Nature of the transaction   The issue of Ordinary Shares 
                                   upon conversion of an outstanding 
                                   loan of GBP189,000. 
     --------------------------  ----------------------------------- 
 c)   Price(s) and volume(s)      Price - conversion price 
                                   of 1.25 pence per share 
                                   Volume - 15,120,000 Ordinary 
                                   Shares 
     --------------------------  ----------------------------------- 
 d)   Aggregated information      N/A 
       - Aggregated volume 
       - Price 
     --------------------------  ----------------------------------- 
 e)   Date of the transaction     23 November 2016 
     --------------------------  ----------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 23, 2016 08:20 ET (13:20 GMT)