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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Tiso Blackstar | LSE:TBGR | London | Ordinary Share | GB00BF37LF46 | ORD EUR0.76 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 22.50 | 15.00 | 30.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMTBGR
RNS Number : 8855X
Tiso Blackstar Group SE
29 November 2017
Tiso Blackstar Group SE
(Incorporated in England and Wales)
(Company number SE 110)
(registered as an external company with limited liability in the Republic of South Africa under registration number 2011/008274/10)
LSE Ticker: TBGR
JSE Share code: TBG
ISIN: GB00BF37LF46
("Tiso Blackstar" or the "Company")
MANAGEMENT INCENTIVE SCHEME AWARDS, DIRECTOR'S DEALINGS AND ISSUE OF TREASURY SHARES
The Company has awarded in total 4,015,973 shares to all participants ("Participants") under the Management Incentive Scheme ("MIS") (including the award set out in 4 (c) below), which will be issued as new Tiso Blackstar ordinary shares in due course.
These shares were awarded to Participants on 29 November 2017. The vesting of such shares to Participants and the quantity of shares vested will be based on achievement of the performance conditions over the performance period. Therefore until the vesting date, the new shares may be subject to forfeiture if certain performance conditions are not met. Application for admission to list on AIM and the JSE is being made and trade is expected to commence on or about 5 December 2017.
The Company has a total of 268,291,260 shares in issue, of which 3,012,349 shares are disclosed as treasury shares for accounting purposes. However, they have been committed to meeting the Company's obligations to Participants under the MIS and the Participants have the right to vote these shares. The newly issued shares of 4,015,973 as a result of this MIS award, will also be disclosed as treasury shares for accounting purposes, however they have been committed to meeting the Company's obligations to Participants under the MIS and the Participants also have the right to vote the shares. Following the issue of the new shares as result of this Management Incentive Scheme award, the Company will have a total 272,307,233 shares in issue, of which 7,028,322 shares will be disclosed as treasury shares.
The total number of voting rights in the Company will therefore increase to 272,307,233 (the "Voting Rights Figure"). The Voting Rights Figure may be used by Tiso Blackstar shareholders as the denominator for the calculations in order to determine if they are required to notify their voting rights interest, or a change to that interest, in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Tiso Blackstar confirms that, following the awards above, the Concert Party, as defined in the circular posted to shareholders dated 26 May 2017 ("Circular"), now holds 34,06% of the Company's total voting rights.
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 ("PDMR") / person closely associated ---- -------------------------------------------------------------- (a) Name Andrew Bonamour ---- ---------------------- -------------------------------------- 2. Reason for the notification ---- -------------------------------------------------------------- (a) Position/status Director, Tiso Blackstar (PDMR) ---- ---------------------- -------------------------------------- (b) Initial notification/ Initial notification Amendment ---- ---------------------- -------------------------------------- 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---- -------------------------------------------------------------- (a) Name Tiso Blackstar ---- ---------------------- -------------------------------------- (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 Ordinary shares of EUR0.76 of the financial each instrument, type of instrument Identification ISIN: GB00BF37LF46 code ---- ---------------------- -------------------------------------- (b) Nature of the Off-market award and acceptance transaction of forfeitable shares, subject to achievement of performance conditions, under the Management Incentive Scheme (disclosed in the Circular) and as approved by shareholders at the extraordinary general meeting held on 20 June 2017. ---- ---------------------- -------------------------------------- (c) Price(s) and Price(s) Volume(s) volume (s) ------------------- ---------- Zero (forfeitable share award) 556,480 ------------------- ---------- ---- ---------------------- -------------------------------------- (d) Aggregated information As stated above R9.00 (closing - Aggregated market price as at 28 November volume 2017) - Deemed price R5,008,320.00 -Value ---- ---------------------- -------------------------------------- (e) Date of the 29 November 2017 transaction ---- ---------------------- -------------------------------------- (f) Place of the N/A transaction (g) Extent of interest Direct beneficial (h) Clearance to Yes deal obtained ---- ---------------------- --------------------------------------
London
29 November 2017
For further information, please contact: Tiso Blackstar Group +44(0) 20 7887 SE Leanna Isaac 6017 Northland Capital Partners Tom Price/Jamie +44(0) 20 3861 Limited Spotswood 6625 +27(0) 11 550 JSE Sponsor: One Capital Sholto Simpson 5000
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
November 29, 2017 10:00 ET (15:00 GMT)
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