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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bidstack Group Plc | LSE:BIDS | London | Ordinary Share | GB00BZ7M6059 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.225 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Physical Fitness Facilities | 5.27M | -7.69M | -0.0059 | -0.37 | 2.86M |
TIDMBIDS
RNS Number : 3258R
Bidstack Group PLC
28 October 2019
Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this Announcement, this information is considered to be in the public domain.
28 October 2019
Bidstack Group Plc
('Bidstack' or the 'Company')
Directors' dealings
Bidstack Group Plc (AIM: BIDS.L), the in-game advertising group, announces that it has been informed today that James Draper, CEO, and Francesco Petruzzelli, CTO, on Friday 25 October 2019, each sold 1,500,000 ordinary shares at a price of 20 pence per share to realise gross sale proceeds of GBP300,000 each. The sale represents an aggregate of 1.23% of the Company's issued share capital.
On completion of the reverse takeover of Bidstack Limited by Bidstack Group Plc on 19 September 2018, both Mr Draper and Mr Petruzzelli entered into lock-in agreements which prevented them from selling any shares for 12 months following completion of the reverse takeover. These hard lock-ins expired on 19 September 2019.
Following the share sale, the remaining interests of Mr Draper and Mr Petruzzelli in the share capital of the Company will be as follows:
Number of % of current Number Aggregate % of diluted Ordinary total voting of options number of share Shares rights shares and capital* options James Draper 39,760,562 16.26% 5,000,000 44,760,562 16.47% Francesco Petruzzelli 5,750,000 2.35% 22,299,500 28,049,500 10.32%
current total voting rights are 244,540,312
* represents current total voting rights plus the aggregate number of options owned by Mr Draper and Mr Petruzzelli
James Draper, CEO, commented:
"Both Francesco and I have supported Bidstack financially for over four years during the early stage growth phase of the business and, given the progress made to date, for personal reasons we have taken this decision to sell a small proportion of our holdings. We both still have a significant financial interest in Bidstack and are confident in and excited by the Company's prospects. In respect of the balance of our holdings, we both remain subject to the orderly market undertakings contained in our lock-in agreements until September 2020."
The information contained in this notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.
FORM FOR NOTIFYING DEALINGS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. Details of the person discharging managerial responsibilities/person closely associated a) Name James Draper --------------------------------- ------------------------------------ 2. Reason for the notification ----------------------------------------------------------------------- a) Position/status Chief Executive --------------------------------- ------------------------------------ b) Initial notification/Amendment Initial Notification --------------------------------- ------------------------------------ 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Bidstack Group Plc --------------------------------- ------------------------------------ b) LEI 213800Q47UWF61LMRR02 --------------------------------- ------------------------------------ 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 Ordinary Shares of 0.5 pence each instrument --------------------------------- ------------------------------------ b) Identification code GB00BZ7M6059 --------------------------------- ------------------------------------ c) Nature of the transactions Disposal --------------------------------- ------------------------------------ d) Price(s) and volume(s) Price: 20 pence per share Volume: 1,500,000 shares --------------------------------- ------------------------------------ e) Aggregated information As for d) above - Aggregated volume - Price --------------------------------- ------------------------------------ f) Date of the transactions 25 October 2019 --------------------------------- ------------------------------------ g) Place of the transactions London Stock Exchange --------------------------------- ------------------------------------ 1. Details of the person discharging managerial responsibilities/person closely associated a) Name Francesco Petruzzelli --------------------------------- ------------------------------------ 2. Reason for the notification ----------------------------------------------------------------------- a) Position/status Chief Technical Officer --------------------------------- ------------------------------------ b) Initial notification/Amendment Initial Notification --------------------------------- ------------------------------------ 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------- a) Name Bidstack Group Plc --------------------------------- ------------------------------------ b) LEI 213800Q47UWF61LMRR02 --------------------------------- ------------------------------------ 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 Ordinary Shares of 0.5 pence each instrument --------------------------------- ------------------------------------ b) Identification code GB00BZ7M6059 --------------------------------- ------------------------------------ c) Nature of the transactions Disposal --------------------------------- ------------------------------------ d) Price(s) and volume(s) Price: 20 pence per share Volume: 1,500,000 shares --------------------------------- ------------------------------------ e) Aggregated information As for d) above - Aggregated volume - Price --------------------------------- ------------------------------------ f) Date of the transactions 25 October 2019 --------------------------------- ------------------------------------ g) Place of the transactions London Stock Exchange --------------------------------- ------------------------------------
- Ends -
Contacts:
Bidstack Group Plc James Draper, CEO via Buchanan SPARK Advisory Partners Limited (Nomad) Mark Brady/Neil Baldwin/James Keeshan +44 (0) 203 368 3550 Stifel Nicholas Europe Limited (Broker) Fred Walsh/Neil Shah +44 (0) 20 7710 7600 Buchanan Communications Limited Chris Lane / Stephanie Watson / Kim van Beeck bidstack@buchanan.uk.com +44 (0) 20 7466 5000
Notes to editors
Bidstack is an advertising technology company which provides dynamic, targeted and automated native in-game advertising for the global video games industry across multiple platforms. Its proprietary API technology is capable of inserting adverts into natural advertising space within video games across multiple video games platforms (mobile, PC and console).
Bidstack's customers are games publishers and developers and advertising agencies, brands and programmatic advertising platforms. Bidstack contracts exclusive access to the native in-game advertising space within video games from their developers or publishers and sells that advertising space either direct to specific brands and their agencies or through programmatic advertising platforms.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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October 28, 2019 06:25 ET (10:25 GMT)
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