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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Arena Events Group Plc | LSE:ARE | London | Ordinary Share | GB00BF0HYJ24 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 20.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMARE
RNS Number : 1635B
Arena Events Group PLC
08 January 2018
8(th) January 2018
Arena Events Group plc
(the "Company" or the "Group")
Director/PDMR Dealing
Exercise of Option Agreement
and
Issue of Equity
Arena Events Group plc (AIM: ARE) announces that on 5(th) January 2018 the Company exercised its call option in relation to the remaining loan notes in issue by the Group, held by Greg Lawless, CEO, and Gaitsford Investments Limited (a company owned and controlled by Greg Lawless) ("Gaitsford"). Accordingly Greg Lawless and Gaitsford have each sold the retained principal and accrued interest on the loan notes back to the Group and used the proceeds of such sale to subscribe for an aggregate of 2,513,541 new ordinary shares of 1p each ("New Ordinary Shares") to be issued by the Company. The New Ordinary Shares have a value equivalent to GBP1,382,448 at the price of 55p per share, representing the placing price of the Group's initial public offering.
Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 11 January 2018. Upon issue of the New Ordinary Shares, the total number of shares in issue and total voting rights will be 117,153,481. 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 in their interest in, the share capital of the Company.
As a result of the call option exercise, Greg Lawless will have a total beneficial holding of 6,640,755 ordinary shares in the Company, representing 5.7% of the Company's then issued share capital.
Further information is disclosed below pursuant to Article 19 of the Market Abuse Regulation.
1 Details of the person discharging managerial responsibilities / person closely associated ---- --------------------------------------------------------------- a) Name 1. Greg Lawless 2. Gaitsford Investments Limited ---- -------------------------- ----------------------------------- 2 Reason for the notification ---- --------------------------------------------------------------- a) Position/status 1. Chief Executive Officer 2. Person closely associated with Greg Lawless ---- -------------------------- ----------------------------------- b) Initial notification Initial /Amendment ---- -------------------------- ----------------------------------- 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ---- --------------------------------------------------------------- a) Name Arena Events Group plc ---- -------------------------- ----------------------------------- b) LEI 213800Z94NF6F4C9AD43 ---- -------------------------- ----------------------------------- 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 1p each the financial instrument, type of instrument ISIN: GB00BF0HYJ24 Identification code ---- -------------------------- ----------------------------------- b) Nature of the Subscription of new ordinary transaction shares ---- -------------------------- ----------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) ------------- ---------- 1. 55p 2,302,620 2. 55p 210,921 ------------- ---------- ---- -------------------------- ----------------------------------- Aggregated information - Aggregated volume 2,513,541 d) - Price 55p ---- -------------------------- ----------------------------------- e) Date of the transaction 5 January 2018 ---- -------------------------- ----------------------------------- f) Place of the transaction Outside a trading venue ---- -------------------------- -----------------------------------
Ends
Enquiries
Arena Events Group plc: 0203 770 3838 Greg Lawless, CEO Piers Wilson, FD Cenkos: 020 7397 8900 Max Hartley, Camilla Hume (NOMAD) Julian Morse (Sales) Alma PR: 020 8004 4219 John Coles Josh Royston Helena Bogle
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHEAPFXEAXPEFF
(END) Dow Jones Newswires
January 08, 2018 02:00 ET (07:00 GMT)
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