Bidstack Group PLC Exercise of Warrants and Total Voting Rights (6588D)

TIDMBIDS

RNS Number : 6588D

Bidstack Group PLC

29 October 2020

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 now considered to be in the public domain.

29 October 2020

Bidstack Group Plc

("Bidstack" or "the Company")

Exercise of 250,103 Warrants by Director, Issue of Equity and Total Voting Rights

Bidstack Group plc (AIM: BIDS.L), the native in-game advertising group, hereby announces that on 27 October 2020, the Company received a subscription notice from Donald Stewart, the Company's Chairman, exercising 250,103 warrants to subscribe for new ordinary shares in the Company at a subscription price of 5 pence per share ("New Shares").

Application will be made for the admission of the 250,103 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 4 November 2020. On admission the New Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Total Voting Rights

Following admission of the New Shares, the total issued share capital of the Company will consist of 387,623,749 ordinary shares. As such the total number of voting rights in the Company will be 387,623,749 ordinary shares. This number 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.

-Ends-

Contacts

 
 Bidstack Group PLC 
  James Draper, CEO                              via Buchanan 
 SPARK Advisory Partners Limited (Nomad) 
  Mark Brady / Neil Baldwin / James Keeshan      [phone] 
                                              ----------------------- 
 Stifel Nicholas Europe Limited (Broker) 
  Fred Walsh                                     [phone] 
                                              ----------------------- 
 Buchanan Communications Limited 
  Chris Lane / Stephanie Watson / Kim van 
  Beeck 
  [e-mail]                       [phone] 
                                              ----------------------- 
 

Notes to editors

About Bidstack

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 technology is capable of inserting adverts into natural advertising space within video games. Bidstack's customers are games publishers and developers (on the supply side), and advertising agencies, brands and programmatic advertising platforms (on the demand side).

Bidstack contracts exclusive access to the native in-game advertising spaces within video games from their developers or publishers and sells that advertising space either directly to specific brands and their agencies or through programmatic advertising platforms.

The Company announces the following Director/PDMR Shareholding dealings in accordance with Article 19 of the Market Abuse Regulation:

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)    Name                              Donald Stewart 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                    Non-Executive Chairman 
     ---------------------------------  ------------------------------------ 
 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         Exercise of Warrants 
     ---------------------------------  ------------------------------------ 
 d)   Price(s) and volume(s)             Price: 5 pence per share 
                                          Volume: 250,103 shares 
     ---------------------------------  ------------------------------------ 
 e)   Aggregated information             As for d) above 
       - Aggregated volume 
       - Price 
     ---------------------------------  ------------------------------------ 
 f)   Date of the transactions           27 October 2020 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transactions          Off-market 
     ---------------------------------  ------------------------------------ 
 

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCKKCBDNBDDFKB

(END) Dow Jones Newswires

October 29, 2020 09:20 ET (13:20 GMT)