Eight Peaks Group PLC Directors' Subscription for Shares (3572L)

TIDM8PG

RNS Number : 3572L

Eight Peaks Group PLC

24 December 2018

24 December 2018

Eight Peaks Group PLC

("8PG" or the "Company")

Director Subscription

Further to its previous announcement of 20 December 2018, 8PG is pleased to confirm that Zafar Karim, Executive Chairman of the Company, and Lord Nicholas Monson, Non-Executive Director of the Company, have now subscribed for a total of 1,000,000 and 700,000 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), respectively, at a price of 10 pence per share.

Following the issue of these Ordinary Shares, Zafar Karim and Lord Nicholas Monson, will have beneficial interests in 1,412,861 and 720,000 Ordinary Shares, respectively, representing approximately 7.9% and 4.0%, respectively, of the enlarged Ordinary Share capital of the Company.

Settlement and Dealings

Application has been made for the 1,700,000 new Ordinary Shares to be issued under the Placing, which will rank pari passu with the existing Ordinary Shares in the Company, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on or around 8:00a.m. on or around 3 January 2019.

Total Voting Rights

Following Admission, the issued share capital of the Company would consist of 17,988,255 Ordinary Shares. No shares are held in treasury at the date of this announcement. The total current voting rights in the Company will therefore be 17,988,255.

This figure of 17,988,255 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

The notifications below, made in accordance with the requirements of the EU Market Abuse Directive, provide further information.

- ENDS -

 
                                 Zafar Karim / Thomas Reuner/    020 8201 
 Legendary Investments PLC        Lord Nicholas Monson            3536 
 Nominated Adviser 
 Grant Thornton UK LLP           Colin Aaronson / Harrison       020 7383 
  Broker                          Clarke/ Seamus Fricker          5100 
 S.P. Angel Corporate Finance                                    020 3470 
  LLP                            Richard Morrison                 0504 
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

About Eight Peaks Group PLC

Eight Peaks Group PLC focuses on assisting companies and making investments which exhibit the potential to generate returns of many multiples through capital appreciation. Typically, Eight Peaks takes stakes in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.

www.8pg.co

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)   Full name of person          Zafar Karim 
         Dealing 
       ---------------------------  ----------------------------------------------------------- 
 2.     Reason for notification 
       ---------------------------------------------------------------------------------------- 
  (a)   Position/status              Executive Chairman 
       ---------------------------  ----------------------------------------------------------- 
  (b)   Initial notification/        Initial notification 
         Amendment 
       ---------------------------  ----------------------------------------------------------- 
 3.     Details of the issuer, emission allowance market participant, 
         auction platform, auctioneer or auction monitor 
       ---------------------------------------------------------------------------------------- 
  (a)   Name of entity               Eight Peaks Group PLC 
       ---------------------------  ----------------------------------------------------------- 
  (b)   LEI                          213800UXR58OZUHUD663 
       ---------------------------  ----------------------------------------------------------- 
 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 0.1 pence each 
         the financial instrument, 
         type of instrument 
       ---------------------------  ----------------------------------------------------------- 
  (b)   Identification                GB00BG86C059 
         code 
       ---------------------------  ----------------------------------------------------------- 
  (c)   Nature of the transaction    Subscription for cash 
       ---------------------------  ----------------------------------------------------------- 
  (d)   Price(s) and volume(s)        Prices(s)    Volume(s) 
                                        10 pence    1,000,000 
                                                   ---------- 
       ---------------------------  ----------------------------------------------------------- 
  (e)   Aggregated information:      Single transaction as in 4(d) above Prices(s)    Volume(s) 
         - Aggregated volume            10 pence    1,000,000 
         - Price                                   ---------- 
       ---------------------------  ----------------------------------------------------------- 
  (f)   Date of transaction          22 December 2018 
       ---------------------------  ----------------------------------------------------------- 
  (g)   Place of transaction         Outside a trading venue 
       ---------------------------  ----------------------------------------------------------- 
 
 
 1.     Details of the person discharging managerial responsibilities/person 
         closely associated 
  (a)   Full name of person          Lord Nicholas Monson 
         Dealing 
       ---------------------------  ----------------------------------------------------------- 
 2.     Reason for 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 of entity               Eight Peaks Group PLC 
       ---------------------------  ----------------------------------------------------------- 
  (b)   LEI                          213800UXR58OZUHUD663 
       ---------------------------  ----------------------------------------------------------- 
 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 0.1 pence each 
         the financial instrument, 
         type of instrument 
       ---------------------------  ----------------------------------------------------------- 
  (b)   Identification                GB00BG86C059 
         code 
       ---------------------------  ----------------------------------------------------------- 
  (c)   Nature of the transaction    Subscription for cash 
       ---------------------------  ----------------------------------------------------------- 
  (d)   Price(s) and volume(s)        Prices(s)    Volume(s) 
                                        10 pence     700,000 
                                                   ---------- 
       ---------------------------  ----------------------------------------------------------- 
  (e)   Aggregated information:      Single transaction as in 4(d) above Prices(s)    Volume(s) 
         - Aggregated volume            10 pence     700,000 
         - Price                                   ---------- 
       ---------------------------  ----------------------------------------------------------- 
  (f)   Date of transaction          22 December 2018 
       ---------------------------  ----------------------------------------------------------- 
  (g)   Place of transaction         Outside a trading venue 
       ---------------------------  ----------------------------------------------------------- 
 

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END

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December 24, 2018 02:00 ET (07:00 GMT)