Deepverge PLC Director/PDMR Shareholding (2312O)

TIDMDVRG

RNS Number : 2312O

Deepverge PLC

08 February 2021

8 February 2021

DeepVerge PLC

("DeepVerge" or "Company")

Director/PDMR Shareholding

The Company was notified on 5 February that Mrs Dagmara Brandon, the wife of Mr Gerard Brandon, the Company's Chief Executive, had on 4 February sold 194,942 ordinary shares of 0.1p each ("Ordinary Shares") at an average price of 32.05 pence per share. Mr Brandon's shareholding remains at 8,219,901 shares, representing 4.83 per cent. of the Company's issued share capital.

As a result of this share disposal, the Board has become aware that, inadvertently, Mrs Brandon's holding has not been included in Mr Brandon's shareholding disclosed in previous "Director/PDMR Shareholding" notifications since she acquired these shares on 20 November 2018 at an equivalent price of 6.5p per share (taking account of the recent 10:1 share consolidation).

Gerry Brandon, CEO of DeepVerge, commented:

"The 194,942 shares were owned by my wife and she is using GBP50,000 of the total proceeds of her disposal to acquire 50,000,000 ordinary shares in Microsaic Systems plc. The timing of the disposal directly relates to the settlement date of the Placing announced on 5 February in a separate notification from Microsaic Systems plc."

FORM FOR NOTIFYING DEALINGS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name 
                                      Dagmara Brandon, wife of Gerard Brandon 
     ----------------------------  --------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------- 
 a)   Position/status               PCA with DeepVerge's Chief Executive Officer 
                                     (PDMR) 
     ----------------------------  --------------------------------------------- 
 b)   Initial notification/         Initial 
       Amendment 
     ----------------------------  --------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a)   Name                          DeepVerge PLC 
     ----------------------------  --------------------------------------------- 
 b)   LEI                           213800M477RQVVHVUD72 
     ----------------------------  --------------------------------------------- 
 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          Ordinary shares of 0.1 pence each 
       financial instrument,       Identification code GB00BMGWZY29 
       type of instrument 
       Identification code 
     --------------------------  ----------------------------------------------- 
 b)   Nature of the transaction   Disposal 
     --------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)          Price(s)     Volume(s) 
                                     32.05 pence     100,000 
                                                   ---------- 
                                     32.00 pence     44,942 
                                                   ---------- 
                                     32.10 pence     50,000 
                                                   ---------- 
     --------------------------  ----------------------------------------------- 
 d)   Aggregated information         Price(s)     Volume(s) 
       - Aggregated volume          32.05 pence     194,942 
       and Price                                  ---------- 
                                   Total - GBP62,481.44 
     --------------------------  ----------------------------------------------- 
 e)   Date of the transaction     4 February 2021 
     --------------------------  ----------------------------------------------- 
 f)   Place of the transaction    X.LON 
     --------------------------  ----------------------------------------------- 
 
 

Market Abuse Regulation (MAR) Disclosure

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Enquiries:

 
                                                          [phone] 
 DeepVerge plc              Ross Andrews, Chairman         648 
 
 SPARK Advisory Partners 
  Limited 
  (Nominated Adviser)       Neil Baldwin                  [phone] 
 
 Turner Pope Investments 
  (TPI) Limited 
  (Broker)                  Andy Thacker/Zoe Alexander    [phone] 
 

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February 08, 2021 02:00 ET (07:00 GMT)