Cloudcoco Group PLC Director/PDMR Shareholding (8063E)

TIDMCLCO

RNS Number : 8063E

Cloudcoco Group PLC

10 November 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 received notification yesterday that Non-Executive Chairman, Simon Duckworth has purchased 500,000 Ordinary Shares of 1 pence in the Company ("Ordinary Shares") at 1.025 pence per share.

Following this trade, Simon Duckworth's beneficial holding is 9,500,000 Ordinary Shares, representing 1.92 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                                       Simon Duckworth 
     -----------------------------------------  ---------------------------------------- 
 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                                       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) 
                                                    1.025 pence (06 
                                                     November 2020)    500,000 
                                                                      ---------- 
     -----------------------------------------  ---------------------------------------- 
 
 
 d)   Aggregated information              500,000 
               *    Aggregated volume      1.025 pence 
                                           GBP5,125 
        *    Price 
 
 
        *    Total 
     --------------------------------  ----------------------------- 
 e)   Date of the transaction           06 November 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 
 

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November 10, 2020 02:58 ET (07:58 GMT)