FastForward Innovations Limited Director/PDMR Shareholding (0155H)

TIDMFFWD

RNS Number : 0155H

FastForward Innovations Limited

07 March 2018

7 March 2018

FastForward Innovations Ltd

("FastForward" or the "Company")

Director Dealing

Further to its earlier announcement of 7 March 2018 FastForward Innovations Limited (AIM: FFWD) confirms that Mr Lorne Abony has sold 12,248,436 shares to Mr Peter Saladino at a price of GBP0.176 (17.6 pence) per share, for total consideration of GBP2,155,724 (the "Share Sale"). The sale was completed on 7 March 2018.

Following the Share Sale Mr Saladino is interested in 12,248,436 Ordinary Shares representing 9.37 per cent. of the Company's issued share capital (excluding shares held in treasury). Following his disposal of shares, Mr Abony is interested in 12,248,434 Ordinary Shares representing 9.37 per cent. of the Company's issued share capital (excluding shares held in treasury).

FastForward CEO Lorne Abony commented, "I have known Peter for several years. He was an adviser and early-stage seed investor in Nuuvera and I believe will be an invaluable supporter of the Company. I am delighted to welcome him as a shareholder."

The notification set out at the bottom of this Announcement, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail regarding the sale of shares by Mr Abony.

Following the sale of shares by Mr Abony, the interest of the Directors in shares of the Company is as set out below:

 
Name               Interest  Options held (inc.      % interest 
                  in Shares   unvested Options)   in the Issued 
                                                         Shares 
Lorne Abony(1)   12,248,434          12,131,548           9.37% 
Jim Mellon(2)    10,425,991           1,516,444           7.98% 
Ian Burns(3)      1,374,024                 NIL           1.05% 
Ed McDermott            NIL           2,000,000             N/A 
 
 

1 Mr Abony's interest in shares is held by Abony Enterprises Limited Partnership, a limited partnership of which he is the majority legal owner.

2 Mr Mellon's interest in shares is held by Galloway Limited, a company beneficially owned by Mr James Mellon.

3 Mr Burns' interest in shares is held by Smoke Rise Holdings Limited, a company of which he is the sole shareholder.

For further information please visit www.fstfwd.co or contact:

 
FastForward Innovations Limited Tel: +44 (0) 
 1481 726 034 
 [e-mail] 
 Ian Burns / Ed McDermott / Sue Saunders 
Beaumont Cornish Limited (Nomad) Tel: +44 
 (0) 207 628 3396 
 James Biddle / Roland Cornish 
Optiva Securities Limited (Broker) Tel: +44 
 (0) 203 411 1881 
 Graeme Dickson 
 

NOTIFICATION AND PUBLIC DISCLOSURE OF A TRANSACTION BY A PERSON DISCHARGING MANAGERIAL RESPONSIBILITIES:

 
 1    Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ------------------------------------------------------- 
 a)   Name:                       Mr Lorne Abony 
---  --------------------------  --------------------------- 
 2    Reason for the Notification 
---  ------------------------------------------------------- 
 a)   Position/Status:            Chief Executive Officer 
---  --------------------------  --------------------------- 
 b)   Initial notification/       Initial Notification 
       Amendment: 
---  --------------------------  --------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, 
       auctioneer or auction monitor 
---  ------------------------------------------------------- 
 a)   Name:                       FastForward Innovations 
                                   Limited 
---  --------------------------  --------------------------- 
 b)   LEI:                        213800KV6ETTB1BRZ435 
---  --------------------------  --------------------------- 
 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 GBP0.01 
       the financial               each 
       instrument, type 
       of instrument:              ISIN: GG00BRK9BQ81 
       Identification 
       code: 
---  --------------------------  --------------------------- 
 b)   Nature of the               Disposal of shares 
       transaction: 
---  --------------------------  --------------------------- 
 c)   Price(s) and Volume(s):       Price(s)    Volume(s) 
                                   -----------  ---------- 
                                    12,248,436   GBP0.176 
                                   -----------  ---------- 
---  --------------------------  --------------------------- 
 d)   Aggregated Information:     As above 
       - Aggregated Volume 
       - Price 
---  --------------------------  --------------------------- 
 e)   Date of the Transaction:    7 March 2018 
---  --------------------------  --------------------------- 
 f)   Place of the Transaction:   AIM Market, London Stock 
                                   Exchange 
---  --------------------------  --------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 07, 2018 09:34 ET (14:34 GMT)