Kromek Group PLC Director Share Purchase (0987N)

TIDMKMK

RNS Number : 0987N

Kromek Group PLC

27 September 2021

27 September 2021

Kromek Group plc

("Kromek" or the "Group")

Director Share Purchase

Kromek (AIM: KMK), a worldwide supplier of detection technology focusing on the medical, security screening and nuclear markets, announces that Rakesh Sharma, Non-Executive Chairman, has today purchased 94,339 ordinary shares of 1 pence each in the Group ("Ordinary Shares") at a price of 15.90 pence per Ordinary Share.

Following this purchase, Mr Sharma has an interest in 469,195 Ordinary Shares, representing 0.11% of the issued share capital of the Group.

For further information, please contact:

 
 Kromek Group plc 
 Arnab Basu, CEO 
  Paul Farquhar, CFO                         [phone] 
 Cenkos Securities plc (Nominated Adviser 
  and Broker) 
 Camilla Hume/Giles Balleny (NOMAD) 
  Julian Morse (Sales)                       [phone] 
 Luther Pendragon (PR) 
 Harry Chathli/Claire Norbury                [phone] 
 

About Kromek Group plc

Kromek Group plc is a technology group (global HQ in County Durham) and a leading developer of high performance radiation detection products based on cadmium zinc telluride ("CZT") and other advanced technologies. Using its core technology platforms, Kromek designs, develops and produces x-ray and gamma ray imaging and radiation detection products for the medical, security screening and nuclear markets.

The Group's products provide high resolution information on material composition and structure and are used in multiple applications, ranging from the identification of cancerous tissues to hazardous materials, such as explosives, and the analysis of radioactive materials.

The Group's business model provides a vertically integrated technology offering to customers, from radiation detector materials to finished products or detectors, including software, electronics and application specific integrated circuits ("ASICs").

The Group has operations in the UK and US (California and Pennsylvania), and is selling internationally through a combination of distributors and direct OEM sales.

Currently, the Group has over 150 full-time employees across its global operations. Further information on Kromek Group is available at www.kromek.com and https://twitter.com/kromekgroup.

The Group makes the following disclosures in accordance with article 19(3) of the Market Abuse Regulation:

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Rakesh Sharma 
     -------------------------  ------------------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status            Non-Executive Chairman 
     -------------------------  ------------------------------------- 
 b)   Initial                    Initial notification 
       notification 
       /Amendment 
     -------------------------  ------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                       Kromek Group plc 
     -------------------------  ------------------------------------- 
 b)   LEI                        213800VLHYXGHEX5VQ48 
     -------------------------  ------------------------------------- 
 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                Ordinary Shares of 1p each 
       of the financial 
       instrument, 
       type of                    GB00BD7V5D43 
       instrument 
       Identification 
       code 
     -------------------------  ------------------------------------- 
 b)   Nature of                  Purchase of Ordinary Shares 
       the transaction 
     -------------------------  ------------------------------------- 
 c)   Price(s)                    Price(s)    Volume(s) 
       and volume(s)               15.90 
                                    pence      94,339 
                                              ---------- 
     -------------------------  ------------------------------------- 
 d)   Aggregated 
       information                 N/A 
       - Aggregated 
       volume 
       - Price 
     -------------------------  ------------------------------------- 
 e)   Date of                    27 September 2021 
       the transaction 
     -------------------------  ------------------------------------- 
 f)   Place of                   London Stock Exchange 
       the transaction 
     -------------------------  ------------------------------------- 
 

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September 27, 2021 08:47 ET (12:47 GMT)