Tialis Essential IT PLC Director Dealing (9778J)

TIDMTIA

RNS Number : 9778J

Tialis Essential IT PLC

21 August 2023

21 August 2023

Tialis Essential IT Plc

("Tialis" or the "Company")

Director Dealing

Tialis, the mid-market network, cloud and IT Managed Services provider, announces that Ian Smith, a director of the Company, acquired 10,000 ordinary shares of 1p each in the Company ("Ordinary Shares") through his Self-Invested Personal Pension ("SIPP") on 18 August 2023.

Mr Smith has also informed the Company that following a check of his resultant holding in the Company, it has become clear that due to an administrative mistake, he held 35,000 fewer Ordinary Shares than he had previously thought. This occurred as he had thought that he had bought 50,000 Ordinary Shares on 23 December 2022 (as previously announced) when in fact he bought 15,000 Ordinary Shares on this date.

Further to this transaction, Mr Smith's beneficial interest in the Company is 93,000 Ordinary Shares, which represents 0.38% of the Company's issued ordinary share capital.

Mr Smith is also the Chief Executive Officer and major shareholder of MXC Capital Limited ("MXC") whose holding remains unchanged at 18,204,685 Ordinary Shares representing 75.2% of the Company's issued ordinary share capital. Mr Smith and MXC hold in aggregate 18,297,685 Ordinary Shares, representing 75.5% of the Company's issued ordinary share capital.

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                                                          Ian Smith 
     ------------------------------------------------------------  ------------------------------------ 
 2    Reason for the notification 
     -------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Executive Director 
     ------------------------------------------------------------  ------------------------------------ 
 b)   Initial notification/ Amendment                               Initial notification 
     ------------------------------------------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     -------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Tialis Essential IT plc 
     ------------------------------------------------------------  ------------------------------------ 
 b)   LEI                                                           213800HA4PK7BHINK929 
     ------------------------------------------------------------  ------------------------------------ 
 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, type of instrument   Ordinary Shares of 1p each 
 
       Identification code 
 
                                                                     GB00BN4M3M55 
     ------------------------------------------------------------  ------------------------------------ 
 b)   Nature of the transaction                                     Share purchase 
     ------------------------------------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)                                         Price(s)   Volume(s) 
                                                                      45p        10,000 
                                                                                ---------- 
     ------------------------------------------------------------  ------------------------------------ 
 d)    Aggregated information 
         *    Aggregated volume                                                  10,000 ordinary shares 
                                                                                 GBP4,500 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------ 
 e)   Date of the transaction                                       18 August 2023 
     ------------------------------------------------------------  ------------------------------------ 
 f)   Place of the transaction                                      London Stock Exchange 
     ------------------------------------------------------------  ------------------------------------ 
 

For more information, contact:

 
 Tialis Essential IT Plc                     Tel: +44 (0)344 
  Andy Parker, Non-Executive Chairman         874 1000 
 finnCap Limited                             Tel: [phone] 
  Nominated Adviser and Broker                0500 
  Corporate finance: Jonny Franklin-Adams/ 
  Abby Kelly 
  ECM: Tim Redfern 
 

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHBUGDIUUDDGXB

(END) Dow Jones Newswires

August 21, 2023 11:57 ET (15:57 GMT)