Best of the Best PLC Director/PDMR Shareholding & Rule 2.9 Announcement (5615G)

TIDMBOTB

RNS Number : 5615G

Best of the Best PLC

19 July 2023

Best of the Best plc

("Best of the Best", "BOTB", "the Company" or "the Group")

Exercise of Options, Director/PDMR Shareholding and Total Voting Rights

Rule 2.9 Announcement

Best of the Best plc (LSE: BOTB), the provider of online competitions to win cars and other prizes, announces that it has today issued and allotted 94,352 new ordinary shares of 5 pence each in the Company ("Ordinary Shares") pursuant to the exercise of options by Ben Hughes, a Director of the Board and the Marketing Director of BOTB and another senior employee of the Company, in connection with the recommended and mandatory cash offer made by Globe Invest Limited ("GIL"), to acquire all of the issued and to be issued shares in the capital of BOTB ("BOTB Shares") not already owned by GIL (the "Offer").

The following transactions occurred for Ben Hughes as shown below:

 
 Director/     Position       Number of             Exercise       Options             Share Plan 
  PDMR                         Options over          price per      remaining 
                               Ordinary              Ordinary       after exercise 
                               Shares exercised      Share 
 Ben Hughes    Marketing      9,352                 GBP2.25           -                EMI 
                Director 
              -----------  --------------------  -------------  ------------------  ------------------ 
                              41,500                GBP3.85           -                EMI 
              -----------  --------------------  -------------  ------------------  ------------------ 
                              28,500                GBP3.85           -                BOTB Unapproved 
                                                                                        Share Option 
                                                                                        Scheme 
              -----------  --------------------  -------------  ------------------  ------------------ 
 T otal                       79,352 
                           --------------------  -------------  ------------------  ------------------ 
 

Ben Hughes and his PCAs will hold 119,352 Ordinary Shares following admission of the new Ordinary Shares representing 1.41 per cent. of the issued share capital of the Company.

Admission

Following the above transactions, application has been made for the 94,352 new Ordinary Shares to be admitted to trading on AIM ("Admission") and dealings are expected to commence on 25 July 2023. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

The total number of Ordinary Shares in issue following Admission will be 8,461,376. Accordingly, the figure of 8,461,376 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.

Rule 2.9 disclosure

In accordance with Rule 2.9 of the Code, BOTB confirms that following Admission pursuant to the exercise of the options referenced above, expected on 25 July 2023 it will have in issue 8,461,376 ordinary shares of 5 pence each. The International Securities Identification Number (ISIN) for the ordinary shares is GB00B16S3505.

Enquiries:

 
 Best of the Best plc          William Hindmarch, Chief     T: 020 7371 
                                Executive                    8866 
                                Rupert Garton, Commercial 
                                Director 
 
 
 finnCap                       Corporate Finance            T: 020 7220 
  (Rule 3 Adviser, Nominated    Carl Holmes                  0500 
  Adviser and Broker            Teddy Whiley 
  to BOTB)                      Alice Lane 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Ben Hughes 
     --------------------------  ---------------------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------------------------- 
 a)   Position/status             PDMR - Executive Director 
     --------------------------  ---------------------------------------------------------------- 
 b)   Initial notification        Initial Notification 
       /Amendment 
     --------------------------  ---------------------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------------------------- 
 a)   Name                        Best of the Best plc 
     --------------------------  ---------------------------------------------------------------- 
 b)   LEI                         213800A7RTSCF8IWQ247 
     --------------------------  ---------------------------------------------------------------- 
 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 5 pence each 
       financial instrument,        in the Company 
       type of instrument 
 
       Identification code          GB00B16S3505 
     --------------------------  ---------------------------------------------------------------- 
 b)   Nature of the transaction 
                                         *    Exercise of awards under the BOTB EMI option Scheme 
 
 
                                         *    Exercise of awards under the BOTB EMI option Scheme 
 
 
                                         *    Exercise of awards under the BOTB Unapproved share 
                                              option Scheme 
 
 
                                        . 
     --------------------------  ---------------------------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
 
                                       235p 
                                               --------------------- 
                                       385p     9,352 (under 
                                                 the EMI) 
 
                                       385p      41,500 (under 
                                                 the EMI) 
 
                                                 28,500 (under 
                                                 the BOTB Unapproved 
                                                 share option 
                                                 scheme) 
                                               --------------------- 
     --------------------------  ---------------------------------------------------------------- 
 d)   Aggregated information 
                                    N/a single transaction 
 
       - Aggregated volume 
       - Price 
     --------------------------  ---------------------------------------------------------------- 
 e)   Date of the transaction     19 July 2023 
     --------------------------  ---------------------------------------------------------------- 
 f)   Place of the transaction    London 
     --------------------------  ---------------------------------------------------------------- 
 

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July 19, 2023 10:50 ET (14:50 GMT)