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KRM Krm22 Plc

27.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Krm22 Plc LSE:KRM London Ordinary Share GB00BFM6WC61 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 27.50 25.00 30.00 27.50 27.50 27.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 4.4M -3.1M -0.0869 -3.16 9.81M

KRM22 PLC Subscription (9984N)

27/05/2020 7:00am

UK Regulatory


Krm22 (LSE:KRM)
Historical Stock Chart


From May 2019 to May 2024

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TIDMKRM

RNS Number : 9984N

KRM22 PLC

27 May 2020

KRM22 plc

("KRM22", the "Group" or the "Company")

Subscription

KRM22 plc (AIM: KRM), the technology and software investment company, is pleased to announce that further to the announcement of 14 May 2020, Keith Todd, Executive Chairman and CEO of the Company, Kim Suter, Chief Financial Officer, Steve Sparke, Non-Executive Director (the "Participating Directors") and an employee of the Company have subscribed for an aggregate of 449,998 new ordinary shares of 10 pence each in the Company ("Ordinary Shares") at a price of 30 pence (the "Subscription").

Following the Subscription, the Participating Directors will hold the following:

 
                 Existing Shareholding   Number of Ordinary   % of enlarged share 
                                           Shares following               capital 
                                           the Subscription 
 Keith Todd                  2,366,775            2,700,108                10.69% 
                ----------------------  -------------------  -------------------- 
 Kim Suter                      10,000               26,666                 0.11% 
                ----------------------  -------------------  -------------------- 
 Steve Sparke                  189,903              273,236                 1.08% 
                ----------------------  -------------------  -------------------- 
 

The Participating Directors are considered to be "related parties" as defined under the AIM Rules due to their Board positions. Their participation in the Subscription constitute related party transactions for the purposes of Rule 13 of the AIM Rules.

The Independent Directors (being the Directors of the Board, other than the Participating Directors) consider, having consulted with the Company's nominated adviser for the purposes of the AIM Rules, finnCap, that the terms of participation for shares fair and reasonable insofar as the Company's shareholders are concerned.

Admission of the 449,998 new Ordinary Shares is expected to become effective on 29 May 2020 ("Admission"). Following Admission, KRM22 will have 25,264,693 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 25,264,693.

KRM22 plc InvestorRelations@krm22.com

Keith Todd CBE, Executive Chairman and CEO

Kim Suter, CFO

   finnCap Ltd (Nominated Adviser and Sole Broker)                           +44 (0)20 7220 0500 

Carl Holmes / Kate Bannatyne / Matthew Radley

Alice Lane / Sunila de Silva (ECM)

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 optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.

KRM22 PLC is quoted 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 and CEO 
                -------------------------------  ---------------------------------- 
 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        Purchase of Ordinary Shares 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    30p        333,333 
                                                              ---------- 
                -------------------------------  ---------------------------------- 
 d)              Aggregated information:           See 4c) above 
                   *    Aggregated volume 
 
 
                   *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          26 May 2020 
                -------------------------------  ---------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ---------------------------------- 
 
 
            1    Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Kim Suter 
                -------------------------------  ---------------------------------- 
            2.   Reason for the Notification 
                ------------------------------------------------------------------- 
 a)              Position/status                  CFO 
                -------------------------------  ---------------------------------- 
 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        Purchase of Ordinary Shares 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    30p        16,666 
                                                              ---------- 
                -------------------------------  ---------------------------------- 
 d)              Aggregated information:           See 4c) above 
                   *    Aggregated volume 
 
 
                   *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          26 May 2020 
                -------------------------------  ---------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ---------------------------------- 
 
 
            1    Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Steve Sparke 
                -------------------------------  ---------------------------------- 
            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                             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        Purchase of Ordinary Shares 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)   Volume(s) 
                                                    30p        83,333 
                                                              ---------- 
                -------------------------------  ---------------------------------- 
 d)              Aggregated information:           See 4c) above 
                   *    Aggregated volume 
 
 
                   *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          26 May 2020 
                -------------------------------  ---------------------------------- 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ---------------------------------- 
 

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 rns@lseg.com or visit www.rns.com.

END

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May 27, 2020 02:00 ET (06:00 GMT)

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