Bigblu Broadband PLC Director/PDMR Shareholding (3347K)

TIDMBBB

RNS Number : 3347K

Bigblu Broadband PLC

20 December 2022

Bigblu Broadband plc

('BBB' or the 'Company' or the 'Group')

Director/PDMR Shareholding and Total Voting Rights

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultra-fast broadband services, announces that it has issued and allotted 93,255 ordinary shares in the Company of 15 pence each ("Ordinary Shares") following an exercise of options (the "Exercise").

Included within the Exercise are 66,666 options exercised at 33.75p per Ordinary Share by Paul Howard, Non-Executive Director of the Company. Application will be made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on or around 23 December 2022.

Following the Exercise, Paul Howard has a beneficial interest in 216,243 Ordinary Shares, representing 0.37% of the Company's issued share capital.

Total Voting Rights

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following the exercise of options, the Company's issued share capital consists of 58,515,327 Ordinary Shares. Accordingly, the figure of 58,515,327 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 Guidance and Transparency Rules.

For further information:

 
 Bigblu Broadband Group p lc                  www.bbb-plc.com 
 Andrew Walwyn, Chief Executive Officer 
  Frank Waters, Chief Financial Officer 
 
 finnCap (Nomad and Broker)                   Tel: [phone] 
  Marc Milmo / Simon Hicks / Charlie Beeson    0500 
  (Corporate Finance) 
  Tim Redfern / Harriet Ward (ECM) 
 

About Bigblu Broadband plc

Bigblu Broadband plc (AIM: BBB.L), is a leading provider of alternative superfast and ultrafast broadband solutions throughout Australasia and the Nordics. BBB delivers a portfolio of superfast and ultrafast wireless broadband products for consumers and businesses typically unserved or underserved by fibre.

High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative ultrafast broadband services increases around the world.

BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G FWA delivering between 30 Mbps and 500Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers with a full range of services including hardware supply, installation, pre-and post-sale support, billings and collections, whilst offering appropriate tariffs depending on each end user's requirements.

Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for broadband and broadband services. BBB's alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart phones via a normal wired or wireless router.

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                      P aul Howard 
     ------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------- 
 a)   Position/status           N on-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                      Bigblu Broadband PLC 
     ------------------------  -------------------------------------------- 
 b)   LEI                       2138008P6X5EX455KU41 
     ------------------------  -------------------------------------------- 
 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               Options over Ordinary shares of GBP0.15 
       of the financial          each 
       instrument, 
       type of instrument 
                                 GB00BD5JMP10 
       Identification 
       code 
     ------------------------  -------------------------------------------- 
 b)   Nature of the             Exercise of options 
       transaction 
     ------------------------  -------------------------------------------- 
 c)   Price(s) and               Exercise Price(s)   Volume(s) 
       volume(s)                       33.75p          66,666 
                                                     ---------- 
     ------------------------  -------------------------------------------- 
 d)   Aggregated 
       information 
       -Aggregated                Single transaction as in 4c) above 
       volume 
 
       - Aggregate 
       value 
     ------------------------  -------------------------------------------- 
 e)   Date of the               19 December 2022 
       transaction 
     ------------------------  -------------------------------------------- 
 f)   Place of the              London Stock Exchange 
       transaction 
     ------------------------  -------------------------------------------- 
 

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December 20, 2022 06:00 ET (11:00 GMT)