Aeorema Communications Plc Exercise of Options (0577K)

TIDMAEO

RNS Number : 0577K

Aeorema Communications Plc

16 December 2022

Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media

16 December 2022

Aeorema Communications plc ('Aeorema' or 'the Company' or 'the Group')

Exercise of Options

Aeorema Communications plc, a leading strategic communications group based in London, New York City and Amsterdam, announces that it has issued and allotted 300,000 new ordinary shares of 12.5p each ("Ordinary Shares") following the exercise of options at 16.5p per Ordinary Share by Steve Quah, Chief Executive Officer of the Company.

Application has been made to the London Stock Exchange for the 300,000 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 21 December 2022.

Upon Admission, Mr. Quah will have a beneficial interest in 781,010 Ordinary Shares in the Company, representing 8.19 per cent. of the enlarged issued share capital.

The table for notification and public disclosure of transactions by persons discharging managerial responsibilities in accordance with the requirements of the EU Market Abuse Regulation, which forms part of domestic UK law pursuant to the European Union (Withdrawal) Act 2018, is appended below.

Total Voting Rights

The Company advises that following Admission, the Company's issued share capital with voting rights will be 9,538,000 Ordinary Shares.

The above figure of 9,538,000 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

**ENDS**

For further information visit www.aeorema.com or contact:

 
 Andrew Harvey            Aeorema Communications        Tel: [phone] 
                           plc                                          0444 
 
   John Depasquale /        Allenby Capital Limited     Tel: [phone] 
   Freddie Wooding          (Nominated Adviser                  5656 
   (Corporate Finance)      and Broker) 
   Kelly Gardiner 
   (Sales and Corporate 
   Banking) 
 
   Catherine Leftley/       St Brides Partners          Tel: [phone] 
   Charlotte Page           Ltd                                         1177 
                            (Financial PR) 
 

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                                     Steve Quah 
      ---------------------------------------  --------------------------------------------- 
 2     Reason for the notification 
      -------------------------------------------------------------------------------------- 
 a)    Position/status                          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                                     Aeorema Communications Plc 
      ---------------------------------------  --------------------------------------------- 
 b)    LEI                                      213800PJBW6O7NDCKJ08 
      ---------------------------------------  --------------------------------------------- 
 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 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00B4QHH456 
 
 b)    Nature of the transaction                Exercise of Options to acquire Ordinary 
                                                 Shares 
      ---------------------------------------  --------------------------------------------- 
 c)    Price(s) and volume(s) 
                                                --------------------  -------------------- 
                                                 Price(s)              Volume(s) 
                                                --------------------  -------------------- 
                                                 16.5p                 300,000 
                                                --------------------  -------------------- 
 
 d)    Aggregated information 
 
  - Aggregated volume                      N/A 
 
  - Price 
 
 e)    Date of the transaction                  16 December 2022 
      ---------------------------------------  --------------------------------------------- 
 f)    Place of the transaction                 Off Market Transaction 
      ---------------------------------------  --------------------------------------------- 
 

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December 16, 2022 11:34 ET (16:34 GMT)