Allied Minds PLC Director/PDMR Shareholding (5735C)

TIDMALM

RNS Number : 5735C

Allied Minds PLC

22 January 2018

ALLIED MINDS PLC

PDMR DEALING NOTIFICATION

Allied Minds plc (the "Company") has issued new ordinary shares of one pence each ("Ordinary Shares") to certain persons discharging managerial responsibilities ("PDMRs") following the vesting of conditional awards in the form of restricted share units made under the Company's Long Term Incentive Plan (the "LTIP") in June 2014.

As a result, the Company received notification from the following PDMR in relation to the subscription for Ordinary Shares under the LTIP, and the subsequent sale of a portion of those Ordinary Shares solely to cover federal and state income tax liabilities arising as result of such vesting.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Michael Turner 
---  --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           General Counsel and Company Secretary 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial notification/Amendment                            Initial notification 
---  --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Allied Minds plc 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800YB4G7YN21NLL72 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of one pence 
      instrument                                                  each 
      Identification code 
 
                                                                 GB00BLRLH124 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Subscription for 197,858 ordinary shares of one pence 
                                                                each in the capital of Allied Minds 
                                                                plc pursuant to the vesting of conditional awards in 
                                                                the form of restricted share units which 
                                                                were granted to Michael Turner on 25 June 2014 
                                                                pursuant to the terms and conditions of the 
                                                                Allied Minds plc Long Term Incentive Plan adopted on 
                                                                19 June 2014. 
                                                                This transaction is not linked to the exercise of a 
                                                                share option programme. 
---  --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)             Volume(s) 
                                                                 ----------------------------  ---------- 
                                                                  GBP0.01 per ordinary share    197,858 
                                                                 ----------------------------  ---------- 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                N/A 
 
       -  Price 
---  --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   22 January 2018 
---  --------------------------------------------------------  ------------------------------------------------------- 
 f)   Place of the transaction                                  Outside a trading venue 
---  --------------------------------------------------------  ------------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Michael Turner 
---  --------------------------------------------------------  ------------------------------------------------------- 
 2    Reason for the notification 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                           General Counsel and Company Secretary 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Initial                                                    Initial notification 
       notification/Amendment 
---  --------------------------------------------------------  ------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
---  ----------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                      Allied Minds plc 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   LEI                                                       213800YB4G7YN21NLL72 
---  --------------------------------------------------------  ------------------------------------------------------- 
 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          Ordinary shares of one pence 
      instrument                                                  each 
      Identification code 
 
                                                                 GB00BLRLH124 
---  --------------------------------------------------------  ------------------------------------------------------- 
 b)   Nature of the transaction                                 Sale of a portion of Ordinary Shares issued to Michael 
                                                                Turner on 22 January 2018, pursuant 
                                                                to the vesting of conditional awards in the form of 
                                                                restricted share units which were granted 
                                                                to Michael Turner on 25 June 2014 pursuant to the 
                                                                terms and conditions of the Allied Minds 
                                                                plc Long Term Incentive Plan adopted on 19 June 2014, 
                                                                solely to cover federal and state income 
                                                                tax liabilities arising as result of vesting of such 
                                                                restricted share units. 
---  --------------------------------------------------------  ------------------------------------------------------- 
 c)   Price(s) and volume(s)                                                 Price(s)                Volume(s) 
                                                                 ----------------------------------  ---------- 
                                                                  GBP1.58358784 per ordinary share    111,394 
                                                                 ----------------------------------  ---------- 
---  --------------------------------------------------------  ------------------------------------------------------- 
 d)   Aggregated information-  Aggregated volume                N/A 
 
       -  Price 
---  --------------------------------------------------------  ------------------------------------------------------- 
 e)   Date of the transaction                                   22 January 2018 
---  --------------------------------------------------------  ------------------------------------------------------- 

 f)   Place of the transaction                                  XLON, London Stock Exchange Main Market 
---  --------------------------------------------------------  ------------------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 22, 2018 10:22 ET (15:22 GMT)