Drumz PLC Director/PDMR Shareholding (6664U)

TIDMDRUM

RNS Number : 6664U

Drumz PLC

31 July 2020

31 July 2020

Drumz plc

('Drumz' or the 'Company')

Director Shareholding

The Company was advised today that Nishith Malde, a non-executive director of the Company, on 30 July 2020, transferred 5,000,000 ordinary shares in the Company ("Ordinary Shares") from his Qualifying Non-UK Pension Scheme to an International Pension Plan, for no consideration.

Following the transfer, Nishith Malde continues to have an interest in 12,689,964 Ordinary Shares representing approximately 5.00% of the Company's issued share capital. The beneficial holding of Nishith Malde comprises his direct holding of 11,230,464 Ordinary Shares and an interest of 1,459,500 Ordinary Shares in the Company held by way of his shareholding in Highlands Village Limited, of which he owns 8.4%. Highlands Village Limited owns 17,375,000 Ordinary Shares in the Company.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 
 For further information please 
  contact: 
 Drumz Plc 
 Angus Forrest                        [phone] 
 
 WH Ireland (NOMAD & Broker)          www.whirelandcb.com 
 Mike Coe / Chris Savidge             020 7220 1666 
 
 Peterhouse Capital Limited (Joint 
  broker) 
 Lucy Williams / Duncan Vasey         020 7469 0936 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                          Nishith Malde 
     ----------------------------  ------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status               Non-Executive Director 
     ----------------------------  ------------------------------------- 
 b)   Initial notification          Initial Notification 
       /Amendment 
     ----------------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                          Drumz plc 
     ----------------------------  ------------------------------------- 
 b)   LEI                           213800JHJFKALDJA5X97 
     ----------------------------  ------------------------------------- 
 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 0.1p each 
       type of instrument 
 
       Identification code            GB00B06CZD75 
     ----------------------------  ------------------------------------- 
 b)   Nature of the transaction     Transfer of shares between pensions 
     ----------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)    Volume(s) 
                                       N/a         5,000,000 
                                                  ---------- 
     ----------------------------  ------------------------------------- 
 d)   Aggregated information 
       - Aggregated volume 
 
                                      5,000,000 
       - Price 
                                      N/a 
     ----------------------------  ------------------------------------- 
 e)   Date of the transaction       30 July 2020 
     ----------------------------  ------------------------------------- 
 f)   Place of the transaction      London Stock Exchange, AIM 
     ----------------------------  ------------------------------------- 
 

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

DSHEBLFXBDLXBBF

(END) Dow Jones Newswires

July 31, 2020 02:00 ET (06:00 GMT)