KRM22 PLC Subscription (2942B)

TIDMKRM

RNS Number : 2942B

KRM22 PLC

06 June 2019

KRM22 plc

("KRM22" or the "Company")

Subscription

KRM22 plc, (AIM: KRM) the technology and software investment company that focuses on risk management for capital markets, announces further to its announcement of 1 May 2019, Keith Todd, Executive Chairman and CEO of the Company, has subscribed for 235,295 new ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 85 pence (the "Subscription").

Following the Subscription, Mr Todd has a beneficial holding of 2,010,591 Ordinary Shares, representing 10.5 per cent. of the issued share capital of the Company following Admission.

Admission of the 235,295 new Ordinary Shares is expected to become effective on 11 June 2019 ("Admission"). Following Admission, KRM22 will have 19,102,264 Ordinary Shares in issue. All Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 19,102,264.

For further information please contact:

KRM22 plc

[e-mail]

Keith Todd CBE, Executive Chairman and CEO

Kim Suter, Head of Finance

finnCap Ltd (Nominated Adviser and Sole Broker) [phone]

Carl Holmes / Kate Bannatyne / Matthew Radley

About KRM22 plc

KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.

Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' regulatory, market, technology and operations risk challenges and to manage their entire enterprise risk profile.

Capital markets companies' partner with KRM22 to optimize risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 PLC is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.

See more about KRM22 at KRM22.com.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 
            1    Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Keith Todd 
                -------------------------------  ------------------------------------- 
            2.   Reason for the Notification 
                ---------------------------------------------------------------------- 
 a)              Position/status                  Executive Chairman & Chief Executive 
                                                   Officer 
                -------------------------------  ------------------------------------- 
 b)              Initial notification/Amendment   Initial notification 
                -------------------------------  ------------------------------------- 
 3.              Details of the issuer, emission allowance market participant, 
                  auction platform, auctioneer or auction monitor 
                ---------------------------------------------------------------------- 
 a)              Name                             KRM22 Plc 
                -------------------------------  ------------------------------------- 
 b)              LEI                              213800IBCSBLSLJ9OD78 
                -------------------------------  ------------------------------------- 
 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 10 pence each 
                  Financial instrument, 
                  type of instrument 
                 Identification code              GB00BFM6WC61 
                -------------------------------  ------------------------------------- 
 b)              Nature of the transaction        Subscription for Ordinary Shares 
                -------------------------------  ------------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    85p        235,295 
                                                              ---------- 
                -------------------------------  ------------------------------------- 
 d)              Aggregated information:           See 4c) above 
                   *    Aggregated volume 
 
 
                   *    Price 
                -------------------------------  ------------------------------------- 
 e)              Date of the transaction          5 June 2019 
                -------------------------------  ------------------------------------- 
 f)              Place of the transaction         Off market transaction 
                -------------------------------  ------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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June 06, 2019 02:00 ET (06:00 GMT)