Satellite Solutions Wldwide Grp PLC Director/PDMR Shareholding (5504S)

TIDMSAT

RNS Number : 5504S

Satellite Solutions Wldwide Grp PLC

22 December 2016

Satellite Solutions Worldwide Group plc

("SSW" or the "Company")

Director Dealing

Satellite Solutions Worldwide Group plc (AIM: SAT), the global communications company specialising in rural and last-mile broadband, was informed yesterday that Simon Clifton, Chief Technical Officer of the Company yesterday acquired 2,500,000 ordinary shares in the Company at a price of 7.7 pence per share at a total cost of GBP192,500.

Following the transaction Mr Clifton's notifiable interest in the Company stands at 33,848,450 ordinary shares representing 6.3% of the Company's issued ordinary share capital.

For further information:

 
 Satellite Solutions Worldwide Group         www.satellitesolutionsworldwide.com 
  PLC 
 Andrew Walwyn, Chief Executive Officer      Via Walbrook PR 
 
 Numis Securities (Nomad and broker)         Tel: [phone] 
  Jamie Lillywhite / Simon Willis 
  (Corporate Advisory) 
  James Black / Jonathan Abbott (Corporate 
  Broking) 
 
 Walbrook PR (PR advisers)                   Tel: [phone] 
 Paul Cornelius / Nick Rome                  or [e-mail] 
 

DEALING NOTIFICATION FORM

FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
---  ------------------------------------------------------------------------- 
 a)   Name:                                      Mr Simon Clifton 
---  -----------------------------------------  ------------------------------ 
 2.   Reason for the notification 
---  -----------------------------------------  ------------------------------ 
 a)   Position/status:                           Chief Technical Officer 
---  -----------------------------------------  ------------------------------ 
 b)   Initial notification/Amendment:            Initial Notification 
---  -----------------------------------------  ------------------------------ 
 3.   Details of the issuer, emission 
       allowance market participant, auction 
       platform, auctioneer or auction 
       monitor 
---  -----------------------------------------  ------------------------------ 
 a)   Name:                                      Satellite Solutions Worldwide 
                                                  Group 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 financial instrument,   Ordinary Shares of GBP0.01 
       type of instrument                         each 
       Identification Code 
                                                  ISIN: GB00BT6SRD21 
---  -----------------------------------------  ------------------------------ 
 b)   Nature of the transaction                  Acquisition of Ordinary 
                                                  Shares 
---  -----------------------------------------  ------------------------------ 
 c)   Price(s) and volume                        2,500,000 options to acquire 
                                                  shares at 7.7p per share 
---  -----------------------------------------  ------------------------------ 
 d)   Aggregated information                     2,500,000 options to acquire 
                                                  shares at 7.7p per share 
---  -----------------------------------------  ------------------------------ 
 e)   Date of the transaction                    21 December 2016 
---  -----------------------------------------  ------------------------------ 
 f)   Place of the transaction                   London Stock Exchange, 
                                                  AIM Market (XLON) 
---  -----------------------------------------  ------------------------------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 22, 2016 02:00 ET (07:00 GMT)