Cloudcoco Group PLC Director/PDMR Shareholding (4285D)

TIDMCLCO

RNS Number : 4285D

Cloudcoco Group PLC

19 October 2022

19 October 2022

CloudCoCo Group plc

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

Director/PDMR shareholding

CloudCoCo (AIM: CLCO), a UK provider of IT and communications solutions to businesses and public sector organisations, announces that it received notification yesterday that Non-Executive Chairman, Simon Duckworth has purchased 1,100,000 Ordinary Shares of 1 pence in the Company ("Ordinary Shares") at 0.89 pence per share.

Simon Duckworth now has a total beneficial interest in the Company (including shares held by his wife) of 26,950,000 ordinary shares, which represents 3.82 per cent of the issued share capital.

Notification and public disclosure of transaction by person discharging managerial responsibilities.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Simon Duckworth 
     -------------------------------  ---------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------- 
 a)   Position/status                  Non-Executive Chairman 
     -------------------------------  ---------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  ---------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                             CloudCoCo Group plc 
     -------------------------------  ---------------------------------- 
 b)   LEI                              213800D4GJKAFHT5TB32 
     -------------------------------  ---------------------------------- 
 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 1 penny each 
       type of instrument 
      Identification                   GB00B8GRBX01 
       code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Purchase 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)           Price: 0.89 pence per share 
 
                                        Volume: 1,100,000 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information:          Volume: 1,100,000 
       --Aggregated volume 
       --Price                          Price: GBP9,790 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          18 October 2022 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange (XLON) 
     -------------------------------  ---------------------------------- 
 

Contacts:

 
 CloudCoCo Group plc                                     Via Alma PR 
  Mark Halpin (CEO) 
  Darron Giddens (CFO) 
 Allenby Capital Limited - (Nominated            Tel: [phone] 
  Adviser & Broker)                                             5656 
  Jeremy Porter / James Reeve - Corporate 
  Finance 
  Tony Quirke / Amrit Nahal - Sales & 
  Corporate Broking 
 Alma PR - (Financial PR)                        Tel: [phone] 
  David Ison                                                    0205 
  Josh Royston                                [e-mail] 
  Kieran Breheny 
 

About CloudCoCo Group plc

Supported by a team of industry experts and harnessing a diverse ecosystem of partnerships with blue-chip technology vendors, CloudCoCo makes it easy for private and public sector organisations to work smarter, faster and more securely by providing a single point of purchase for their connectivity, telephony, cyber security, cloud, IT hardware and support needs.

CloudCoCo has offices in Warrington, Leeds, Bournemouth and Sheffield in the UK

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October 19, 2022 06:24 ET (10:24 GMT)