ECSC Group PLC Transfer of Shares (2748I)

TIDMECSC

RNS Number : 2748I

ECSC Group PLC

23 November 2018

23 November 2018

ECSC Group plc

("ECSC" or the "Company" or the "Group")

Director/PDMR/PCA Shareholdings

ECSC Group plc (AIM: ECSC), the provider of cyber security services, announces that, following an agreement reached as part of their divorce settlement, on 21 November 2018 Ravinder Bahra, a person closely associated (PCA) with Ian Mann, transferred 600,000 ordinary shares of 0.1p each in the Company ("Ordinary Shares") to Ian Mann, the Company's Chief Executive Officer and a person discharging managerial responsibilities (PDMR).

Following this transfer, Ian Mann has substantially increased his holding in the Company and now has an interest in 2,248,690 Ordinary Shares, equivalent to approximately 24.8 per cent. of the issued share capital and voting rights of the Company. Ravinder Bahra will retain an interest in 1,119,068 Ordinary Shares, equivalent to approximately 12.3 per cent. of the issued share capital and voting rights of the Company.

This notification is made in accordance with the requirements of the EU Market Abuse Regulation. The FCA notifications, made in accordance with the requirements of the EU Market Abuse Regulation, are appended further below.

Enquiries:

 
 ECSC Group plc 
  David Mathewson (Non-Executive Chairman)    [phone] 
  Ian Mann (Chief Executive Officer)           223 
 Allenby Capital (NOMAD and Broker) 
  David Hart                                  [phone] 
  Nicholas Chambers                            656 
 

For more information please visit the following: www.ecsc.co.uk

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                              Ian Mann 
     --------------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status                   Chief Executive Officer 
     --------------------------------  ----------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                              ECSC Group plc 
     --------------------------------  ----------------------------------------- 
 b)   LEI                               213800CG9B473DGJDC94 
     --------------------------------  ----------------------------------------- 
 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      Ordinary shares of 0.1p each in 
       instrument, type of instrument    ECSC Group plc 
       Identification code 
                                         Identification code (ISIN) for ECSC 
                                         Group plc ordinary shares: GB00BYMJ4J99 
     --------------------------------  ----------------------------------------- 
 b)   Nature of the transaction         Transfer of Ordinary Shares from 
                                         Ravinder Bahra to Ian Mann for nil 
                                         consideration 
     --------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         600,000 
                                                      ---------- 
     --------------------------------  ----------------------------------------- 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ----------------------------------------- 
 e)   Date of the transaction           21 November 2018 
     --------------------------------  ----------------------------------------- 
 f)   Place of the transaction          Outside of trading venue 
     --------------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Ravinder Bahra 
     --------------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status                   Person closely associated with Ian 
                                         Mann, Chief Executive Officer 
     --------------------------------  ----------------------------------------- 
 b)   Initial notification /Amendment   Initial notification 
     --------------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                              ECSC Group plc 
     --------------------------------  ----------------------------------------- 
 b)   LEI                               213800CG9B473DGJDC94 
     --------------------------------  ----------------------------------------- 
 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      Ordinary shares of 0.1p each in 
       instrument, type of instrument    ECSC Group plc 
       Identification code 
                                         Identification code (ISIN) for ECSC 
                                         Group plc ordinary shares: GB00BYMJ4J99 
     --------------------------------  ----------------------------------------- 
 b)   Nature of the transaction         Transfer of Ordinary Shares from 
                                         Ravinder Bahra to Ian Mann for nil 
                                         consideration 
     --------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           Nil         600,000 
                                                      ---------- 
     --------------------------------  ----------------------------------------- 
 d)   Aggregated information            N/A 
       - Aggregated volume 
       - Price 
     --------------------------------  ----------------------------------------- 
 e)   Date of the transaction           21 November 2018 
     --------------------------------  ----------------------------------------- 
 f)   Place of the transaction          Outside of trading venue 
     --------------------------------  ----------------------------------------- 
 

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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November 23, 2018 02:00 ET (07:00 GMT)