Castleton Technology PLC Director/PDMR Shareholding, Issue of Equity & TVR (2907Z)

TIDMCTP

RNS Number : 2907Z

Castleton Technology PLC

30 August 2018

Castleton Technology PLC

("Castleton", the "Company" or the "Group")

Director/PDMR Shareholding, Issue of Equity and Total Voting Rights

Castleton Technology plc (AIM: CTP), the software and managed services provider to the public and not-for-profit sectors, announces that it has received notification from Haywood Chapman, Chief Financial Officer, that he exercised 271,000 options over ordinary shares of 2 pence each in the capital of the Company ("Ordinary Shares") on 29 August 2018, at an exercise price of 22 pence per Ordinary Share (the "Exercise"). Following the Exercise, on 29 August 2018 Mr Chapman sold 270,000 Ordinary Shares at a price of 97 pence per Ordinary Share (the "Sale").

Following the Exercise and Sale, Mr Chapman holds 1,000 Ordinary Shares, representing 0.001% of the enlarged issued share capital. Mr Chapman holds options over 2% of the total value of the Company above a base value - the 2% proportion calculated by reference to the issued share capital of the company as at 21 February 2018, less the value of the options exercised above, by way of a combination of EMI Options, Unapproved Options and Growth Shares.

Application has been made for 271,025 Ordinary Shares to be admitted to trading on AIM ("Admission"), which includes 25 Ordinary Shares issued in relation to Castleton's acquisition of a licence from Brixx International Ltd, as announced on 19 June 2018. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and it is expected that Admission will become effective and dealings in the new Ordinary Shares will commence at 8.00 a.m. on 5 September 2018.

Following the issue of the 271,025 Ordinary Shares, the Company will have a total of 81,332,434 Ordinary Shares in issue with one voting right per share. The above figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 
 
   Enquiries: Castleton Technology plc              Tel. [phone] 
     Dean Dickinson, Chief Executive       0220 
     Officer 
     Haywood Chapman, Chief Financial 
     Officer 
    finnCap Ltd                           Tel. [phone] 
     Jonny Franklin-Adams / Simon Hicks    0500 
     (corporate finance) 
     Andrew Burdis (ECM) 
     MXC Capital Markets LLP               Tel. [phone] 
     Charlotte Stranner 
    Alma PR                               Tel. [phone] 
     Rebecca Sanders-Hewett/ Helena 
     Bogle/ Josh Royston 
 

About Castleton Technology plc

Castleton Technology plc is a leading supplier of complementary software and managed services to the public and not-for-profit sectors. The Group is a 'one stop shop', providing integrated housing systems via the Cloud, working in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. www.castletonplc.com

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 .     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                             Haywood Chapman 
      -------------------------------  ------------------------------------------- 
 2.    Reason for the Notification 
      ---------------------------------------------------------------------------- 
 a)    Position/status                  Chief Financial Officer 
      -------------------------------  ------------------------------------------- 
 b)    Initial notification/Amendment   Initial notification 
      -------------------------------  ------------------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------- 
 a)    Name                             Castleton Technology plc 
      -------------------------------  ------------------------------------------- 
 b)    LEI                              2138007AHX5UT6CO5L76 
      -------------------------------  ------------------------------------------- 
 4.1   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                   options over ordinary shares of 2 pence 
        the Financial                    each ("Options") 
        instrument, type 
        of instrument 
       Identification                   n/a 
        code 
      -------------------------------  ------------------------------------------- 
 b)    Nature of the                    Exercise of Options 
        transaction 
      -------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)   Volume(s) 
                                          22p        271,000 
                                                    ---------- 
      -------------------------------  ------------------------------------------- 
 d)    Aggregated information:          n/a 
         *    Aggregated volume 
 
 
         *    Price 
      -------------------------------  ------------------------------------------- 
 e)    Date of the transaction          29 August 2018 
      -------------------------------  ------------------------------------------- 
 f)    Place of the transaction         Outside a trading venue 
      -------------------------------  ------------------------------------------- 
 4.2   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                   ordinary shares of 2 pence each ("Ordinary 
        the Financial                    Shares") 
        instrument, type 
        of instrument 
       Identification                   GB00BYV2WV72 
        code 
      -------------------------------  ------------------------------------------- 
 b)    Nature of the                    Sale of Ordinary Shares 
        transaction 
      -------------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)   Volume(s) 
                                          97p        270,000 
                                                    ---------- 
      -------------------------------  ------------------------------------------- 
 d)    Aggregated information:          n/a 
         *    Aggregated volume 
 
 
         *    Price 
      -------------------------------  ------------------------------------------- 
 e)    Date of the transaction          29 August 2018 
      -------------------------------  ------------------------------------------- 
 f)    Place of the transaction         AIM Market, London Stock Exchange 
      -------------------------------  ------------------------------------------- 
 

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.

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August 30, 2018 06:45 ET (10:45 GMT)