ClearStar,Inc. Director/PDMR Shareholding (9257N)

TIDMCLST TIDMCLSU

RNS Number : 9257N

ClearStar,Inc.

01 November 2016

1 November 2016

ClearStar, Inc.

("ClearStar" or the "Company")

Director/PDMR Shareholding

ClearStar (AIM: CLST), the technology and service provider to the background check industry, announces that on 31 October 2016, Mr. Ken Dawson, Chief Information Officer and a Director of the Company, sold 237,000 ordinary shares of US$0.0001 each in the Company ("Ordinary Shares"). The Ordinary Shares were sold, and purchased, at a price of 38 pence per Ordinary Share. The 237,000 Ordinary Shares were purchased as follows:

-- Mr. David Pattillo, Chief Financial Officer and a Director of the Company: 118,500 Ordinary Shares

   --     Mr. Bill White, a co-founder of the Company: 118,500 Ordinary Shares 

Mr. Dawson has sold ClearStar shares solely to improve his personal liquidity, and wishes to express his complete confidence in the Company and its prospects.

Following the transaction, Mr. Dawson and Mr. Pattillo have the following interests in the Ordinary Shares of the Company:

 
 Director                 Number of          Number of          Percentage 
                    Ordinary Shares    Ordinary Shares    of share capital 
                         held prior          held post           held post 
                     to transaction        transaction         transaction 
----------------  -----------------  -----------------  ------------------ 
 Ken Dawson               4,525,000          4,288,000              11.81% 
----------------  -----------------  -----------------  ------------------ 
 David Pattillo           1,110,400          1,228,900               3.39% 
----------------  -----------------  -----------------  ------------------ 
 

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 
                                   *    Ken Dawson, Chief Information Officer 
 
 
                                   *    David Pattillo, Chief Financial Officer 
---  -------------------------  --------------------------------------------------- 
 2.   Reason for the Notification 
---  ------------------------------------------------------------------------------ 
 a)   Position/status            See 1(a) above for positions 
                                  - both classified as PDMRs 
                                  of the Company 
---  -------------------------  --------------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  --------------------------------------------------- 
 3.   Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------------------------------ 
 a)   Name                       ClearStar, Inc. 
---  -------------------------  --------------------------------------------------- 
 b)   LEI                        n/a 
---  -------------------------  --------------------------------------------------- 
 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             Ordinary shares of US$0.0001 
       the Financial 
       instrument, type 
       of instrument 
--- 
      Identification             KYG2294M1050 
       code 
---  -------------------------  --------------------------------------------------- 
 b)   Nature of the 
       transaction                 *    Ken Dawson: sale of Ordinary Shares 
 
 
                                   *    David Pattillo: purchase of Ordinary Shares 
---  -------------------------  --------------------------------------------------- 
 c)   Price(s) and               Ken Dawson: Price(s)    Volume(s) 
       volume(s)                  ----------  ---------- 
                                   38 pence    237,000 
                                  ----------  ---------- 
 
                                  David Pattillo: Price(s)    Volume(s) 
                                  ----------  ---------- 
                                   38 pence    118,500 
                                  ----------  ---------- 
---  -------------------------  --------------------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume          *    Ken Dawson: 
 
 
        *    Price                     Sale of 237,000 Ordinary Shares 
                                       at a price of 38 pence per 
                                       Ordinary Share 
                                        *    David Pattillo: 
 
 
                                       Purchase of 118,500 Ordinary 
                                       Shares at a price of 38 pence 
                                       per Ordinary Share 
---  -------------------------  --------------------------------------------------- 
 e)   Date of the transaction    31 October 2016 
---  -------------------------  --------------------------------------------------- 
 f)   Place of the               Outside a trading venue 
       transaction 
---  -------------------------  --------------------------------------------------- 
 

Enquiries

 
 ClearStar, Inc. 
 Robert J. Vale, Chief Executive 
  Officer 
  David Pattillo, Chief Financial 
  Officer                            [phone] 
 
 finnCap Ltd. 
 Jonny Franklin-Adams, Simon 
  Hicks - Corporate Finance 
  Christian Hobart - Sales           [phone] 
 
 Luther Pendragon Ltd. 
 Harry Chathli, Claire Norbury       [phone] 
 

About ClearStar

ClearStar, Inc. is a leading and trusted background check technology, strategic services, and decision-making information provider to employers and background screening companies.

A seven-time Inc. 5000 honouree and founding member of the National Association of Professional Background Screeners, ClearStar has provided innovative technology solutions to businesses in the human capital management industry from its corporate offices in Alpharetta, Georgia since 1995. For more information about ClearStar, please visit: www.clearstar.net.

This information is provided by RNS

The company news service from the London Stock Exchange

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November 01, 2016 03:00 ET (07:00 GMT)