System1 Group PLC Correction re Directors Dealings (4641W)

TIDMSYS1

RNS Number : 4641W

System1 Group PLC

23 April 2021

 
 Press Release 
 
 
 2 3 April 2021 
 

System1 Group PLC (AIM: SYS1)

("System1", or "the Company", or "the Group")

Exercise of Options, Directors Dealings and Total Voting Rights

The Company announces that John Kearon, Founder and Executive President of the Company, has exercised 116,568 options over ordinary shares of 1 pence each ("Ordinary Shares") and has sold 116,568 Ordinary Shares, in part to fund the relevant tax, at a price of 240 pence per Ordinary Share.

A total of 116,568 Ordinary Shares which were previously held in treasury have been utilised to satisfy the exercise of the share options.

Following the exercise of options and sale of 116,568 Ordinary Shares, Mr. Kearon holds 2,918,235 Ordinary Shares, representing 22.74 per cent. of the issued share capital of the Company (following issue of the 116,568 new Ordinary Shares).

Following the above, the Company now holds 393,853 Ordinary Shares as treasury shares and its total number of Ordinary Shares with voting rights is now 12,832,920, which 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, System1 Group PLC under the FCA's Disclosure Guidance and Transparency Rules.

The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

The Company can be found at www.system1group.com .

For further information, please contact:

 
 System1 Group PLC                         Tel: [phone] 
                                                          1000 
 John Kearon, Founder and Executive 
  President 
 Chris Willford, Chief Financial Officer 
 
 Canaccord Genuity Limited                   Tel: [phone] 
                                                            8000 
 Simon Bridges / Andrew Potts 
 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

 
 1.   Details of the Person discharging managerial responsibilities 
       ("PDMR") / person closely associated with them ("PCA") 
 a)   Name                            John Kearon 
     ------------------------------  ------------------------------------------ 
 2.   Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position / status               Founder and Executive President 
     ------------------------------  ------------------------------------------ 
 b)   Initial notification            Initial notification 
       / amendment 
     ------------------------------  ------------------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                            System1 Group PLC 
     ------------------------------  ------------------------------------------ 
 b)   Legal Entity                    213800TDLR42C3Q9ZB74 
       Identifier 
     ------------------------------  ------------------------------------------ 
 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 the financial                GB00B1GVQH21 
       instrument 
     ------------------------------  ------------------------------------------ 
 b)   Nature of the                   (a) Exercise of options 
       transaction                     (b) Sale of ordinary shares 
     ------------------------------  ------------------------------------------ 
 c)   Price(s) and                     Price(s)    Volume(s) 
       volume(s)                        a) 0p       116,568 
                                         (b) 240p    shares 
                                                     116,568 
                                                     shares 
                                                   ---------- 
     ------------------------------  ------------------------------------------ 
 d)        Aggregated information 
             *    Aggregated volume     116,568 Ordinary Shares exercised at a 
                                        price of 0 pence per Ordinary Share 
                                        116,568 Ordinary Shares sold at a price 
             *    Aggregated price      of 240 pence per Ordinary Share 
 
 
             *    Aggregated total 
     ------------------------------  ------------------------------------------ 
 e)   Date of the                     22 April 2021 
       transaction 
     ------------------------------  ------------------------------------------ 
 f)   Place of the                    London Stock Exchange 
       transaction 
     ------------------------------  ------------------------------------------ 
 

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April 23, 2021 06:16 ET (10:16 GMT)