Ocean Outdoor Limited Director/PDMR Shareholding (9886Y)

TIDMOOUT

RNS Number : 9886Y

Ocean Outdoor Limited

19 January 2022

Notification and public disclosure of transactions by persons discharging managerial responsibilities

The attached individual notifications made under article 19.1 of the Market Abuse Regulation ("MAR") relate to the issue of new Ordinary shares in Ocean Outdoor Limited (the "Company") to persons discharging managerial responsibilities ("PDMR") as a result of the automatic re-designation of Founder Preferred Shares into Ordinary shares in accordance with the Company's articles of association.

The following directors have obtained an interest in the number of shares in the Company as set out in each of the notifications below.

This announcement is made in accordance with article 19.3 of MAR.

Notification and public disclosure of transactions by persons discharging managerial responsibilities

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Andrew M. Barron 
     --------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status             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                        Ocean Outdoor Limited 
     --------------------------  -------------------------------------------- 
 b)   LEI                         2138008YIB9PP7J64M75 
     --------------------------  -------------------------------------------- 
 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 no par value 
       type of instrument 
 
       Identification code          VGG6702A1084 
     --------------------------  -------------------------------------------- 
 b)   Nature of the transaction   Automatic re-designation of Founder 
                                   Preferred Shares into Ordinary shares 
                                   on a one-for-one basis in accordance 
                                   with the Company's articles of association 
     --------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         18,375 
                                                ---------- 
     --------------------------  -------------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          18,375 
 
       - Price                      Nil 
     --------------------------  -------------------------------------------- 
 e)   Date of the transaction     17/01/2022 
     --------------------------  -------------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  -------------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                         LionTree Ocelot LLC 
     --------------------------  ---------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------- 
 a)   Position/status             Aryeh Bourkoff, Chairman of Ocean 
                                   Outdoor Limited, exercises managerial 
                                   control over LionTree Ocelot LLC 
     --------------------------  ---------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ---------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------- 
 a)   Name                        Ocean Outdoor Limited 
     --------------------------  ---------------------------------------- 
 b)   LEI                         2138008YIB9PP7J64M75 
     --------------------------  ---------------------------------------- 
 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 no par value 
       type of instrument 
 
       Identification code          VGG6702A1084 
     --------------------------  ---------------------------------------- 
 b)   Nature of the transaction   Automatic re-designation of LionTree 
                                   Ocelot LLC's Founder Preferred Shares 
                                   into Ordinary shares on a one-for-one 
                                   basis in accordance with the Company's 
                                   articles of association. 
     --------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)    Volume(s) 
                                     Nil         49,875 
                                                ---------- 
     --------------------------  ---------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume          49,875 
 
 
       - Price                      Nil 
     --------------------------  ---------------------------------------- 
 e)   Date of the transaction     17/01/2022 
     --------------------------  ---------------------------------------- 
 f)   Place of the transaction    Outside a trading venue 
     --------------------------  ---------------------------------------- 
 

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January 19, 2022 08:23 ET (13:23 GMT)