Beeks Financial Cloud Group PLC Result of Secondary Placing (9798P)

TIDMBKS

RNS Number : 9798P

Beeks Financial Cloud Group PLC

15 October 2019

Beeks Financial Cloud Group plc

Result of Secondary Placing

Beeks Financial Cloud Group plc (the "Company") confirms that further to the announcement released earlier today Gordon McArthur, Chief Executive Officer of the Company, has sold 2,640,484 Ordinary Shares in the Company at a price of 84 pence per share to certain institutional investors.

Following the transaction, Gordon McArthur has a beneficial interest in a total of 27,475,193* Ordinary Shares, representing approximately 54.02 per cent of the issued share capital of the Company.

Mr McArthur has agreed not to dispose of any of his remaining shareholding for a period of at least 12 months.

*Includes 740,000 Ordinary Shares held by Gordon McArthur's wife, Claire McArthur, representing 1.45 per cent. of the issued share capital

For further information please contact:

 
 Beeks Financial Cloud Group 
  plc 
 Gordon McArthur, CEO             via Alma PR 
 Fraser McDonald, CFO 
 
                                  [phone] 
 Cenkos Securities plc             6939 
 Derrick Lee / Peter Lynch 
 
                                  [phone] 
 Alma PR                           0212 
 Caroline Forde / Josh Royston 
  / Helena Bogle 
 

ABOUT BEEKS FINANCIAL CLOUD

Beeks Financial Cloud is a UK-based low-latency Infrastructure-as-a-Service (IaaS) provider for automated trading in Forex, Futures, Equities, Fixed income and cryptocurrency financial products. With eleven data centres globally and low-latency connectivity between sites, the Beeks Financial Cloud focuses on reducing barriers to entry and time to market for institutional clients. For more information, visit:

www.beeksfinancialcloud.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                             Gordon McArthur 
     -------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  ------------------------------------- 
 b)   Initial notification/amendment   Initial notification 
     -------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                             Beeks Financial Cloud Group plc 
     -------------------------------  ------------------------------------- 
 b)   LEI                              213800XD729OTYVOMR79 
     -------------------------------  ------------------------------------- 
 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 of 0.125 pence each 
       Financial instrument, 
       type of instrument 
     -------------------------------  ------------------------------------- 
      Identification code              GB00BZ0X8W18 
     -------------------------------  ------------------------------------- 
 b)   Nature of the Transaction        Sale of Ordinary Shares 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)            Price(s)    Volume(s) 
                                         84 pence    2,640,484 
                                                    ---------- 
     -------------------------------  ------------------------------------- 
 d)   Aggregated information           n/a 
       Aggregated volume Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          15 October 2019 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM (LON:BKS) 
     -------------------------------  ------------------------------------- 
 

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October 15, 2019 11:04 ET (15:04 GMT)