Cloudcoco Group PLC Director/PDMR Shareholding (4403S)

TIDMCLCO

RNS Number : 4403S

Cloudcoco Group PLC

08 July 2020

CloudCoCo Group plc

("CloudCoCo" or the "Company")

Director/PDMR Shareholding

CloudCoCo (AIM: CLCO) a UK provider of IT and communications solutions to businesses and public sector organisations, announces that it has received notification today that Chief Financial Officer, Michael Lacey, has purchased a total of 810,000 Ordinary Shares of 1 pence in the Company ("Ordinary Shares") at an average price of 1.229 pence per share. The purchase of Ordinary Shares took place as follows:

   --     250,000 Ordinary Shares purchased on 06 July at a price of 1.2 pence per share 
   --     100,000 Ordinary Shares purchased on 07 July at a price of 1.2 pence per share 
   --     460,000 Ordinary Shares purchased on 8 July at a price of 1.25 pence per share 

Following this trade, Michael Lacey's beneficial holding is 810,000 Ordinary Shares, representing 0.16 per cent. of the current total voting rights of the Company.

Further details are contained within the notification below, made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                       Michael Lacey 
     -----------------------------------------  --------------------------------------------- 
 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                                       CloudCoCo Group plc 
     -----------------------------------------  --------------------------------------------- 
 b)   LEI                                        213800D4GJKAFHT5TB32 
     -----------------------------------------  --------------------------------------------- 
 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,   Ordinary Shares of 1 pence each 
       type of instrument                         GB00B8GRBX01 
       Identification code 
     -----------------------------------------  --------------------------------------------- 
 b)   Nature of the transaction                  Purchase of Ordinary Shares 
     -----------------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s) 
                                                   Purchase Price(s)                Volume(s) 
                                                    1.20 pence (6 July)     250,000 
                                                     1.20 pence (7 July)     100,000 
                                                     1.25 pence (8 July)     460,000 
                                                                           ---------- 
     -----------------------------------------  --------------------------------------------- 
 d)   Aggregated information                       810,000 
               *    Aggregated volume               1.229 pence 
                                                    GBP 9,954.90 
        *    Price 
 
 
        *    Total 
     -----------------------------------------  --------------------------------------------- 
 e)   Date of the transaction                    06, 07 and 08 July 2020 
     -----------------------------------------  --------------------------------------------- 
 f)   Place of the transaction                   London Stock Exchange (XLON) 
     -----------------------------------------  --------------------------------------------- 
 

Name of authorised official of issuer responsible for making notification:

Darron Giddens

Company Secretary to CloudCoCo Group plc

Contacts:

 
   CloudCoCo Group plc 
    Darron Giddens (Company Secretary)                  01925 398 255 
 
     N+1 Singer (Nominated Adviser and 
     Broker) 
     Peter Steel / Ben Farrow                           020 7496 3000 
   Alma PR (Financial PR Adviser)                       020 3405 0205 
    David Ison                                 [e-mail] 
    Josh Royston 
    Kieran Breheny 
 

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.

END

DSHZVLFBBDLFBBZ

(END) Dow Jones Newswires

July 08, 2020 10:15 ET (14:15 GMT)