National World PLC Admission and Director/PDMR shareholding (8471X)

TIDMNWOR

RNS Number : 8471X

National World PLC

07 May 2021

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

National World plc

("National World," or the "Company")

Admission to listing on the Official List and to trading on the London Stock Exchange

Director/PDMR Shareholding

National World plc (LSE: NWOR) announces that its entire issued share capital of 259,432,801 Ordinary Shares has today been admitted to listing on the standard segment of the Official List of the Financial Conduct Authority and to trading on the main market for listed securities of London Stock Exchange plc under the TIDM "NWOR".

Prior to Admission, the Company had in issue 54,000,000 Ordinary Shares and at Admission issued a further 205,432,801 Ordinary Shares on conversion of all of the GBP20 million of 10% Convertible Secured Loan Notes that the Company had in issue.

The total number of Ordinary Shares in issue will be 259,432,801 and this number may be used by shareholders 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

National World is a public limited company incorporated in England and Wales with company number 12021298. The Ordinary Shares are registered with ISIN GB00BJN5J635, SEDOL code BJN5J63, TIDM "NWOR" and LEI 213800NL4ICLKYSYU749.

Capitalised terms used in this announcement are as defined in the prospectus published by the Company on 4 May 2021, unless the context otherwise requires.

- Ends -

For further information please contact:

 
 National World plc 
  David Montgomery                               [phone] 
  Vijay Vaghela                                   8304 
 Dowgate Capital Limited - Financial Adviser 
  and Broker 
  James Serjeant                                 [phone] 
  Nicholas Chambers                               7717 
 Alvarium MB (UK) Limited - Financial Adviser    [phone] 
  Zeph Sequeria                                   1400 
 Stanhope Capital LLP - Financial Adviser 
  Nigel Spray 
  Rakesh Sharma                                  [phone] 
  Emmanuel Daïen                             1800 
 

The Company makes this announcement, including the notification(s) below, in accordance with the requirements of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                    1. David Montgomery 
                               2. Vijay Vaghela 
                               3. Mark Hollinshead 
                               4. Daniel Cammiade 
                               5. John Rowe 
                               6. Steve Barber 
     ----------------------  ------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status         1. Executive Chairman 
                               2. Chief Operations Officer 
                               3. Chief Commercial Officer 
                               4. Non-Executive Director 
                               5. Non-Executive Director 
                               6. Non-Executive Director 
     ----------------------  ------------------------------------------- 
 b)   Initial notification    Initial Notification 
       /Amendment 
     ----------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                    National World plc 
     ----------------------  ------------------------------------------- 
 b)   LEI                     213800NL4ICLKYSYU749 
     ----------------------  ------------------------------------------- 
 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 nominal value 0.1 pence 
       of the financial        each 
       instrument, 
       type of instrument 
                               ISIN: GB00BJN5J635 
       Identification 
       code 
     ----------------------  ------------------------------------------- 
 b)   Nature of               Conversion of 10% Convertible Secured Loan 
       the transaction         Notes into new Ordinary Shares 
     ----------------------  ------------------------------------------- 
 c)   Price(s)                  Price(s)       Volume(s) 
       and volume(s)             1. 11 pence    1. 1,031,631 
                                  2. 11 pence    2. 1,031,631 
                                  3. 11 pence    3. 257,907 
                                  4. 11 pence    4. 513,200 
                                  5. 11 pence    5. 1,031,631 
                                  6. 11 pence    6. 1,031,631 
                                               -------------- 
     ----------------------  ------------------------------------------- 
 d)   Aggregated                Price(s)   Aggregated volume 
       information                           (s) 
                                 n/a        n/a 
                                           ------------------ 
     ----------------------  ------------------------------------------- 
 e)   Date of the             7 May 2021 
       transaction 
     ----------------------  ------------------------------------------- 
 f)   Place of                Outside a trading venue 
       the transaction 
     ----------------------  ------------------------------------------- 
 

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May 07, 2021 03:01 ET (07:01 GMT)