IQGeo Group PLC Director/PDMR Shareholding (7247A)

TIDMIQG

RNS Number : 7247A

IQGeo Group PLC

03 June 2021

03 June 2021

IQGEO Group Plc

Directors' Dealings

IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 01 June 2021 from Kestrel Partners LLP ("Kestrel") that on the 28 May 2021 it purchased, on behalf of its discretionary clients, an aggregate of 25,000 ordinary shares of 2p each ("Shares") in the Company at an average price of GBP1.19 per share for accounts managed by Kestrel.

Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in IQGEO.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 10,522,659 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 3,928,201 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 14,450,860 Shares in the Company, which represents 25.21 per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 
 Holding     Nominee                      No. of shares   % of issued share 
  type                                                              capital 
             Bank of New York Nominees 
 Indirect     Ltd                            10,522,659              18.35% 
 Indirect    JIM Nominees Limited               227,295               0.40% 
             Bank of New York Nominees 
 Indirect     Ltd                             3,700,906               6.46% 
 

For further information contact:

 
 IQGEO Group plc                             [phone] 
 Richard Petti 
 Haywood Chapman 
 
 finnCap Ltd                                 [phone] 
 Henrik Persson, Seamus Fricker (Corporate Finance) 
 Tim Redfern, Richard Chambers (ECM) 
 
 
 
 
 

ANNEX

Template for 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                     Kestrel Partners LLP 
     -----------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status          PCA - Max Royde (non-executive director IQGeo 
                                Group plc) 
     -----------------------  ---------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                     IQGEO Group plc 
     -----------------------  ---------------------------------------------- 
 b)   LEI                      213800P2PCLCEFANB194 
     -----------------------  ---------------------------------------------- 
 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              2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     -----------------------  ---------------------------------------------- 
 b)   Nature of the             Purchase 
       transaction 
     -----------------------  ---------------------------------------------- 
 c)   Price(s) and              Price(s)      Volume(s) 
       volume(s)                 28 May 2021 
                                              -------------- 
                                 GBP 1.19      25,000 Shares 
                                              -------------- 
     -----------------------  ---------------------------------------------- 
 d)   Aggregated information   Total 25,000 shares @ GBP 1.19 
       - Aggregated 
       volume 
       - Price 
     -----------------------  ---------------------------------------------- 
 e)   Date of the              2021-05-28 
       transaction 
     -----------------------  ---------------------------------------------- 
 f) 
     -----------------------  ---------------------------------------------- 
 

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END

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June 03, 2021 04:35 ET (08:35 GMT)