Bigblu Broadband PLC Director/PDMR Shareholding

RNS Number : 0712F

Bigblu Broadband PLC

20 September 2024

 

Bigblu Broadband plc

("BBB" or the "Company")

Director Dealings, Issue of Equity and Total Voting Rights

Exercise of LTIP awards (acquisition of shares) together with Further Director Dealings

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast broadband services, announces that, on 19 September 2024, Frank Waters, Chief Executive Officer of BBB, exercised options over 131,658 ordinary shares of 15 pence each in the Company ("Ordinary Shares") at a price of 15p per share under the Bigblu Broadband Long Term Incentive Plan 2018 (the "LTIP").

Immediately following the exercise of his LTIP options on 19 September 2024, Frank Waters sold 131,658 Ordinary Shares at a price of £0.31 per share and then purchased into his self-invested personal pension account ("SIPP") a total of 131,658 Ordinary Shares at a price of £0.31 per share.

Following the above transactions (further details of which are provided below), Frank Waters has increased his beneficial interest to 456,748 Ordinary Shares, representing 0.776% of the Company's issued share capital.

Issue of Equity and Total Voting Rights

In order to satisfy the above exercises of LTIP options, the Company has issued and allotted 131,658 Ordinary Shares. Application will be made for these new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on or around 26 September 2024.

The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following the exercise of the options, the Company's issued share capital consists of 58,847,018 Ordinary Shares. Accordingly, the figure of 58,847,018 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 PLC	www.bbb-plc.com
Frank Waters, Chief Executive Officer	www.bbb-plc.com
Cavendish Capital Markets Limited (Nomad and Broker) Marc Milmo / Simon Hicks (Corporate Finance) Tim Redfern / Harriet Ward (ECM)	Tel: [phone]

   

 

About BBB

Bigblu Broadband plc (AIM: BBB.L), is a market leading provider of alternative superfast and ultrafast broadband solutions throughout Australia. BBB delivers a portfolio of superfast and ultrafast wireless broadband products for consumers and businesses.

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, GEO and LEO, 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 services. BBB's alternative broadband offerings present a customer experience that is broadly similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart phones.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Frank Waters
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	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 of the financial instrument, type of instrument   Identification code	Ordinary Shares of £0.15 each     GB00BD5JMP10
b)	Nature of the transaction	Exercise of options granted under the LTIP
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.15 131,658
d)	Aggregated information -Aggregated volume   - Aggregate value	131,658     £19,748.70
e)	Date of the transaction	19 September 2024
f)	Place of the transaction	Outside a trading venue
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 instrument, type of instrument   Identification code	Ordinary Shares of £0.15 each     GB00BD5JMP10
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.31 131,658
d)	Aggregated information -Aggregated volume   - Aggregate value	131,658     £40,813.98
e)	Date of the transaction	19 September 2024
f)	Place of the transaction	London Stock Exchange
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 instrument, type of instrument   Identification code	Ordinary Shares of £0.15 each     GB00BD5JMP10
b)	Nature of the transaction	Purchase of Ordinary Shares via SIPP
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.31 131,658
d)	Aggregated information -Aggregated volume   - Aggregate value	131,658     £40,813.98
e)	Date of the transaction	19 September 2024
f)	Place of the transaction	London Stock Exchange

 

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