Nasstar PLC Director/PDMR Shareholding (8782X)

TIDMNASA

RNS Number : 8782X

Nasstar PLC

29 November 2017

Nasstar plc

("Nasstar", "Company" or "Group")

PDMR Dealings

29(th) November 2017

Nasstar (stock code: NASA), a provider of hosted managed and cloud computing services, announces that Lord Daresbury, Chairman of the Company, has sold 3,200,000 ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") at a price of 9.97 pence per Ordinary Share (the "Sale") in order to satisfy a personal tax liability. Included in the Sale are 2,274,042 Ordinary Shares held by Daresbury SWE9501 Limited, a Trust, of which Lord Daresbury is the sole beneficiary. Lord Daresbury remains committed to the Company and has no intention of selling any further Ordinary Shares in the foreseeable future.

The Company also announces that Brownwood LLP ("Brownwood"), a partnership beneficially owned by the Redwood family and other PDMRs of the Company, has today purchased 925,958 Ordinary Shares at a price of 10.0 pence per Ordinary Share (the "Purchase"). Following the Purchase, Brownwood is interested in 925,958 Ordinary Shares. The disclosable shareholders of Brownwood are as follows:

 
 Individual            Position                   Percentage 
                                                Shareholding 
                                                in Brownwood 
--------------------  ----------------------  -------------- 
 Nigel Redwood (and 
  his partner)         CEO of the Company             25.00% 
--------------------  ----------------------  -------------- 
 Niki Redwood          FD of the Company              25.00% 
--------------------  ----------------------  -------------- 
                       Technical Director 
 Stephen Brown (and     of the Company (and 
  his wife)             PDMR)                         25.00% 
--------------------  ----------------------  -------------- 
 

Following the Sale and Purchase, the revised shareholdings of the relevant Directors of the Company are as follows:

 
 Individual           Ordinary Shares held        Percentage 
                                                    of total 
                                               voting rights 
                                              of the Company 
-------------------  ---------------------  ---------------- 
 Nigel Redwood *                10,706,920             1.86% 
-------------------  ---------------------  ---------------- 
 Niki Redwood*(++)              10,716,883             1.87% 
-------------------  ---------------------  ---------------- 
 Lord Daresbury**                1,588,562             0.28% 
-------------------  ---------------------  ---------------- 
 

* Includes their pro-rata allocation of Ordinary Shares owned by Brownwood.

Includes 571,459 Ordinary Shares held in trust for the benefit of Nigel Redwood's minor daughter.

(++) Includes 1,714,378 Ordinary Shares held in trust for the benefit of Niki Redwood's minor children.

** Includes 1,003,564 Ordinary Shares held by Lord Daresbury's Family Trust.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 ("MAR").

For further information, please contact:-

   Nasstar plc                                                                   [phone] 

Nigel Redwood, Chief Executive Officer

Niki Redwood, Finance Director

   finnCap Limited (Nominated Adviser & Broker)               [phone] 

Julian Blunt, James Thompson (Corporate Finance)

Stephen Norcross (Corporate broking)

About Nasstar plc

Nasstar (www.nasstar.com) and its wholly owned operating businesses provide hosted managed and cloud computing services, integrating private and public clouds supplying a robust, secure and stable hosted Information Technology service to business customers. The Group provides a true end to end service for clients providing them with enhanced IT performance and greater cost control over their IT function. The Group owns its primary data centre, is head quartered in Telford with regional offices in Northampton, London and Bournemouth whilst 24 x 7 support is delivered from its Auckland office in New Zealand. Nasstar is an accredited Microsoft Gold Partner, is the 2016 Citrix Networking Partner of the Year and is certified to ISO 27001.

Nasstar specialises in building bespoke cloud hosted services to manage a client's entire application set, tailor made to suit specific industries, designing public, private and hybrid cloud solutions to meet the objectives of the client. The solution is a highly scalable service that provides benefits including "Anywhere Access" to computing; a standardised corporate solution that can be accessed globally in multiple languages; generating cost savings when compared to the traditional IT ownership model whilst replacing capital expenditure with a simple usage based payment model.

Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in December 2005, acquired e-know.net Limited in a reverse takeover in January 2014, Kamanchi Limited in July 2014, VESK in October 2015 and Modrus Limited in September 2016.

 
1)  Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated 
     with them ('PCA') 
a)  Name                                                 Daresbury SWE9501 Limited 
2.  Reason for notification 
b)  Position / status                                    PCA to the Chairman 
c)  Initial notification / amendment                     Initial Notification 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
b)  Name                                                 Nasstar Plc 
c)  LEI                                                    213800464LOG9B2Q8J17 
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 financial instrument              ordinary shares of 1p each 
     Identification code 
                                                          GB00B0T1S097 
b)  Nature of the transaction                            Sale of ordinary shares 
c)  Price(s) and volume(s)                                Price(s)    Volume(s) 
                                                           GBP0.0997   2,274,042 
d)  Aggregated information                               n/a 
e)  Date of the transaction                              27 November 2017 
f)  Place of the transaction                             London Stock Exchange, AIM (XLON) 
 
 
1)  Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated 
     with them ('PCA') 
a)  Name                                                 Lord Peter Daresbury 
2.  Reason for notification 
b)  Position / status                                    Chairman 
c)  Initial notification / amendment                     Initial Notification 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
b)  Name                                                 Nasstar Plc 
c)  LEI                                                    213800464LOG9B2Q8J17 
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 financial instrument              ordinary shares of 1p each 
     Identification code 
                                                          GB00B0T1S097 
b)  Nature of the transaction                            Sale of ordinary shares 
c)  Price(s) and volume(s)                                Price(s)   Volume(s) 
                                                           GBP0.997   925,958 
d)  Aggregated information                               n/a 
e)  Date of the transaction                              29 November 2017 
f)  Place of the transaction                             London Stock Exchange, AIM (XLON) 
 
 
1)  Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated 
     with them ('PCA') 
a)  Name                                                Brownwood LLP 
2.  Reason for notification 
b)  Position / status                                   PCA to CEO, FD & Technical Director 
c)  Initial notification / amendment                    Initial Notification 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
b)  Name                                                Nasstar Plc 
c)  LEI                                                   213800464LOG9B2Q8J17 
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 financial instrument             ordinary shares of 1p each 
     Identification code 
                                                         GB00B0T1S097 
b)  Nature of the transaction                           purchase of ordinary shares 
c)  Price(s) and volume(s)                               Price(s)   Volume(s) 
                                                          GBP0.10    925,958 
d)  Aggregated information                              n/a 
e)  Date of the transaction                             29 November 2017 
f)  Place of the transaction                            London Stock Exchange, AIM (XLON) 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 29, 2017 08:41 ET (13:41 GMT)