Arcontech Group PLC Issue of Equity & Director/PDMR Shareholding (4840T)

TIDMARC

RNS Number : 4840T

Arcontech Group PLC

12 October 2017

ARCONTECH GROUP PLC

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

Issue of Equity & Director/PDMR Shareholding

Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces that it has applied to the London Stock Exchange for 174,603 ordinary shares of GBP0.125 each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares at a price of 17.5p by Richard Last, Non-Executive Chairman of the Company and Michael Levy, Finance Director of the Company.

 
 Director        Ordinary             Options        Ordinary       Percentage 
              Shares held       over Ordinary     Shares held        of issued 
                 prior to    Shares exercised    on Admission    share capital 
                 exercise                                              held on 
                                                                     Admission 
----------  -------------  ------------------  --------------  --------------- 
 Richard 
  Last          1,596,421              95,238       1,691,659            13.2% 
----------  -------------  ------------------  --------------  --------------- 
 Michael 
  Levy             50,295              79,365         129,660             1.0% 
----------  -------------  ------------------  --------------  --------------- 
 

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 18 October 2017. On Admission the Company's issued share capital will comprise 12,802,994 Ordinary Shares, of which none are held in treasury. Therefore the total number of Ordinary Shares in the Company with voting rights will be 12,802,994. This figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
                                   020 7256 
 Arcontech Group plc                2300 
 Richard Last, Chairman and 
  Non-Executive Director 
 Matthew Jeffs, Chief Executive 
 
                                   020 7220 
 finnCap Ltd (Nomad & Broker)       0500 
 Carl Holmes/Simon Hicks 
 
 

To access more information on the Group please visit: www.arcontech.com

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                             Richard Last - Non-Executive 
                                        Chairman 
                                        Michael Levy - Finance Director 
---  -------------------------------  ----------------------------------- 
 2.   Reason for the Notification 
---  -------------------------------------------------------------------- 
 a)   Position/status                  See 1(a) - PDMR's of the Company 
---  -------------------------------  ----------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
---  -------------------------------  ----------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  -------------------------------------------------------------------- 
 a)   Name                             Arcontech Group Plc 
---  -------------------------------  ----------------------------------- 
 b)   LEI                              213800O7PM9V79TP7523 
---  -------------------------------  ----------------------------------- 
 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                   Ordinary Shares of GBP0.125 
       the Financial 
       instrument, type 
       of instrument 
--- 
      Identification                   GB0003353371 
       code 
---  -------------------------------  ----------------------------------- 
 b)   Nature of the                    Exercise of Options over Ordinary 
       transaction                      Shares 
---  -------------------------------  ----------------------------------- 
 c)   Price(s) and                     Richard Last Price(s)   Volume(s) 
       volume(s)                        ---------  ---------- 
                                         17.5p      95,238 
                                        ---------  ---------- 
 
 
                                        Michael Levy Price(s)   Volume(s) 
                                        ---------  ---------- 
                                         17.5p      79,365 
                                        ---------  ---------- 
---  -------------------------------  ----------------------------------- 
 d)   Aggregated information:          See 4(c) 
        *    Aggregated volume 
 
 
        *    Price 
---  -------------------------------  ----------------------------------- 
 e)   Date of the transaction          18 October 2017 
---  -------------------------------  ----------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 12, 2017 10:32 ET (14:32 GMT)