SerVision plc Director/PDMR Shareholding (7282X)

TIDMSEV

RNS Number : 7282X

SerVision plc

23 February 2017

23 February 2017

SerVision plc

("SerVision", the "Company" or the "Group")

Notification of transactions by directors/persons discharging managerial responsibilities

Further to the announcement released on 22 February 2017, SerVision (SEV), a leader in mobile live video streaming over wireless and cellular networks, makes the following notification in accordance with the requirements of the EU Market Abuse Regulation.

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                        Gidon Tahan 
---  --------------------------  -------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------------ 
 a)   Position/status             Director - Chairman and 
                                   Chief Executive Officer 
---  --------------------------  -------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
---  --------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------ 
 a)   Name                        SerVision plc 
---  --------------------------  -------------------------------- 
 b)   LEI                         Not available 
---  --------------------------  -------------------------------- 
 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 1p each 
       financial instrument,       in SerVision plc ("Ordinary 
       type of instrument          Shares") 
       Identification code 
                                   Identification code (ISIN) 
                                   for SerVision plc ordinary 
                                   shares: GB00B0586C20 
---  --------------------------  -------------------------------- 
 b)   Nature of the transaction   A personal guarantee by 
                                   Gidon Tahan for which security 
                                   over 9,857,881 Ordinary 
                                   Shares has been granted 
                                   to Cascade SVP, LLC should 
                                   the Company default on the 
                                   terms of a subscription 
                                   with Cascade SVP, LLC 
---  --------------------------  -------------------------------- 
 c)   Price(s) and volume(s)      Price (s): N/A 
                                   Volume (s): N/A 
---  --------------------------  -------------------------------- 
 d)   Aggregated information      Price (s): N/A 
       - Aggregated volume         Volume (s): N/A 
       - Price 
---  --------------------------  -------------------------------- 
 e)   Date of the transaction     21 February 2017 
---  --------------------------  -------------------------------- 
 f)   Place of the transaction    Outside of trading venue 
---  --------------------------  -------------------------------- 
 

For further information:

 
SerVision plc                        [phone] 
Gidon Tahan, Chairman and CEO 
Allenby Capital Limited (Nominated   [phone] 
 Adviser and Joint Broker)                     5656 
Nick Athanas / James Reeve 
 
 
Beaufort Securities Limited (Joint 
 Broker) 
                                     [phone] 
Elliot Hance                                   8300 
 
 
Leander PR (Financial PR) 
                             [phone] 
Christian Taylor-Wilkinson               157 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 23, 2017 11:56 ET (16:56 GMT)