IDE Group Holdings PLC Director/PDMR Shareholding (3607Q)

TIDMIDE

RNS Number : 3607Q

IDE Group Holdings PLC

18 October 2019

IDE Group Holdings plc

("IDE" or the "Company")

Director's Holding

IDE Group Holdings plc (AIM: IDE), the mid-market network, cloud and IT Managed Services provider, announces that Kestrel Partners LLP ("Kestrel"), a fund management company, has transferred 326,665 Ordinary Shares in IDE to an another account not controlled by Kestrel at the request of an underlying client. Max Royde, Non-Executive Director of the Company is also a co-founder of Kestrel and, for this reason, the transfer requires notification as a director's dealing.

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                                                             Max Royde 
     ---------------------------------------------------------------  ------------------------------ 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                  Non-Executive Director 
     ---------------------------------------------------------------  ------------------------------ 
 b)   Initial notification/ Amendment                                  Initial notification 
     ---------------------------------------------------------------  ------------------------------ 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ----------------------------------------------------------------------------------------------- 
 a)   Name                                                             IDE Group Holdings plc 
     ---------------------------------------------------------------  ------------------------------ 
 b)   LEI                                                              213800HA4PK7BHINK929 
     ---------------------------------------------------------------  ------------------------------ 
 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, type of instrument      Ordinary Shares of 2.5p each 
       Identification code                                              GB00B4NJ4984 
     ---------------------------------------------------------------  ------------------------------ 
 b)   Nature of the transaction                                        Transfer of Shares 
     ---------------------------------------------------------------  ------------------------------ 
 c)   Price(s) and volume(s)                                            Price(s)    Volume(s) 
                                                                         N/A         326,665 
                                                                                    ---------- 
     ---------------------------------------------------------------  ------------------------------ 
 d)    Aggregated information                                           326,665 ordinary shares 
         *    Aggregated volume                                          GBPN/A 
 
 
         *    Price 
     ---------------------------------------------------------------  ------------------------------ 
 e)   Date of the transaction                                          16 October 2019 
     ---------------------------------------------------------------  ------------------------------ 
 f)   Place of the transaction                                         London Stock Exchange 
     ---------------------------------------------------------------  ------------------------------ 
 

For more information, contact:

 
 IDE Group Holdings Plc                      Tel: +44 (0)344 
  Andy Parker, Executive Chairman             874 1000 
 finnCap Limited                             Tel: [phone] 
  Nominated Adviser and Broker                0500 
  Corporate finance: Jonny Franklin-Adams/ 
  Hannah Boros 
  ECM: Tim Redfern/ Richard Chambers 
 

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October 18, 2019 03:15 ET (07:15 GMT)