Soco International PLC Director/PDMR Shareholding (5116E)

TIDMSIA

RNS Number : 5116E

Soco International PLC

08 May 2017

SOCO International plc

("SOCO" or the "Company")

Director/PDMR Shareholding

The Company was notified today that on 5 May 2017, Palamos Limited, which is a Closely Associated Person to Rui de Sousa, Chairman of the SOCO Board of Directors, has granted a pledge in favour of Rothschild Bank AG over 4,354,410 SOCO Ordinary Shares, held by Palamos Limited, as security pursuant to a general loan facility entered into with Rothschild Bank AG.

Palamos Limited remains the beneficial owner of the shares subject to the pledge and retains control of the voting rights attached to such shares.

As such, Rui de Sousa's interests in the voting rights of the Company are unchanged and he continues to be interested in 9,648,324 Shares, representing 2.91% of the voting rights and issued share capital of the Company, of which

 
      --   8,708,820 Shares (2.62%) are held by Palamos 
            Limited, a closely associated person to Rui 
            de Sousa; 
      --   389,504 Shares (0.12%) are held by Quantic 
            Limited, a closely associated person to Rui 
            de Sousa; and 
      --   550,000 Shares (0.17%) are held personally 
            by Rui de Sousa. 
 

Contact: Carol Fan, SOCO International plc, Tel [phone]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PDMRS AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
    Details of the person discharging managerial responsibilities/person closely associated 
 1 
a)  Name                                                      Rui de Sousa 
2   Reason for the notification 
a)  Position/status                                           Palamos Limited, a person closely associated with Rui de 
                                                              Sousa, Chairman of the Board 
b)  Initial notification/Amendment                            Initial Notification 
3   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
a)  Name                                                      SOCO International plc 
b)  LEI                                                       549300DDKLXYLLO4N524 
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, type of           ORDINARY SHARES OF GBP0.05 EACH 
    instrument                                                  GB00B572ZV91 
    Identification code 
b)  Nature of the transaction                                 Share pledge in favour of Rothschild Bank AG 
c)  Price(s) and volume(s)                                      Price(s)   Volume(s) 
                                                                 NIL        4,354,410 
d)  Aggregated information                                    NA 
     - Aggregated volume 
     - Price 
e)  Date of the transaction                                   05/05/2017 
f)  Place of the transaction                                  Outside of a trading venue 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 08, 2017 11:36 ET (15:36 GMT)