Location Sciences Group PLC Director/PDMR Shareholding (6094N)

TIDMLSAI

RNS Number : 6094N

Location Sciences Group PLC

01 June 2022

1 June 2022

Location Sciences Group PLC

("Location Sciences" or the "Company" or the "Group")

Director dealings

Location Sciences (AIM: LSAI) announces that it has today issued 42,500,000 new ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at an issue price of 0.2 pence per Ordinary Share (the "Issue Price") to Simon Wilkinson and Dr Nigel Burton, conditional upon Admission (as defined below), as payment in lieu of fees ("Fee Shares") and as detailed in the table below. The issue of the Fee Shares is in accordance with the terms of the letters of appointment for Simon Wilkinson and Dr Nigel Burton and is in respect of fees for the second year of their appointment as directors of the Company.

Application for admission to trading and total voting rights

Application has been made for 42,500,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to take effect on or around 9 June 2022 ("Admission").

Following Admission, the Company's issued share capital will comprise 2,647,587,398 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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                              Simon Wilkinson 
      --------------------------------  ---------------------------------- 
 2.    Reason for the Notification 
      -------------------------------------------------------------------- 
 a)    Position/status                   Non-Executive Director - Chairman 
      --------------------------------  ---------------------------------- 
 b)    Initial notification/Amendment    Initial Notification 
      --------------------------------  ---------------------------------- 
 3.    Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------- 
 a)    Name                              Location Sciences Group PLC 
      --------------------------------  ---------------------------------- 
 b)    LEI                               213800MKYV25HW2IAX70 
      --------------------------------  ---------------------------------- 
 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                    Ordinary shares of GBP0.001 
        the Financial 
        instrument, type 
        of instrument 
      --------------------------------  ---------------------------------- 
       Identification                    ISIN: GB00BGT36S19 
        code 
      --------------------------------  ---------------------------------- 
 b)    Nature of the                     Fee shares 
        transaction 
      --------------------------------  ---------------------------------- 
 c)    Price(s) and volume(s)             Price(s)    Volume(s) 
                                           GBP0.002    25,000,000 
                                                      ----------- 
      --------------------------------  ---------------------------------- 
 d)    Aggregated information: 
      --------------------------------  ---------------------------------- 
 
    *    Aggregated volume               25,000,000 
 -------------------------------------  ---------------------------------- 
                                         GBP0.002 
    *    Price 
 -------------------------------------  ---------------------------------- 
 e)    Date of the transaction           1 June 2022 
      --------------------------------  ---------------------------------- 
 f)    Place of the transaction          Outside a trading venue 
      --------------------------------  ---------------------------------- 
 
 
 1.    Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                  Dr Nigel Burton 
      ------------------------------------  ------------------------------ 
 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                                  Location Sciences Group PLC 
      ------------------------------------  ------------------------------ 
 b)    LEI                                   213800MKYV25HW2IAX70 
      ------------------------------------  ------------------------------ 
 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                        Ordinary shares of GBP0.001 
        the Financial 
        instrument, type 
        of instrument 
      ------------------------------------  ------------------------------ 
       Identification                        ISIN: GB00BGT36S19 
        code 
      ------------------------------------  ------------------------------ 
 b)    Nature of the                         Fee shares 
        transaction 
      ------------------------------------  ------------------------------ 
 c)    Price(s) and volume(s)                 Price(s)    Volume(s) 
                                               GBP0.002    17,500,000 
                                                          ----------- 
      ------------------------------------  ------------------------------ 
 d)    Aggregated information: 
      ------------------------------------  ------------------------------ 
 
    *    Aggregated volume                   17,500,000 
 -----------------------------------------  ------------------------------ 
                                             GBP0.002 
    *    Price 
 -----------------------------------------  ------------------------------ 
 e)    Date of the transaction               1 June 2022 
      ------------------------------------  ------------------------------ 
 f)    Place of the transaction              Outside a trading venue 
      ------------------------------------  ------------------------------ 
 

For further information please contact:

   Location Sciences Group PLC                      via Allenby Capital 

Simon Wilkinson , Chairman

   Allenby Capital Limited (Nominated Adviser)        Tel: [phone] 

David Hart

Vivek Bhardwaj

   Turner Pope Investments (TPI) Ltd (Broker)         Tel: [phone] 

James Pope

Andy Thacker

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June 01, 2022 09:12 ET (13:12 GMT)