ThinkSmart Limited PDMR Shareholding Notification (3160H)

TIDMTSL

RNS Number : 3160H

ThinkSmart Limited

09 March 2018

9 March 2018

ThinkSmart Limited

("ThinkSmart" or the "Company" and together with its subsidiaries the "Group")

PDMR Shareholding Notification

ThinkSmart (AIM: TSL) announces that it has today allotted 500,000 ordinary shares of no par value each in the Company ("Ordinary Shares") to Mr. Ned Montarello, Executive Chairman of ThinkSmart (the "Share Award"). The Share Award relates to an additional remuneration package approved by the Board's remuneration committee, for Mr. Montarello's additional work leading the Company during the interim period, until a replacement Chief Executive Officer is appointed and joins the Group.

Application has also been made today for the 500,000 new Ordinary Shares to be admitted to trading on AIM of the London Stock Exchange. It is expected that admission of the new Ordinary Shares will take place at or around 8:00am on 15 March 2018.

Post the admission of the new Ordinary Shares, Mr. Montarello's total shareholding will comprise of 29,561,036(1) Ordinary Shares, representing 28.23%(1) of the Company's issued share capital of 104,728,744 Ordinary Shares. The Company holds no shares in Treasury. Therefore, the total number of voting rights in the Group will be 104,728,744.

This figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the Group under the FCA's Disclosure Guidance and Transparency Rules.

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

(1) Includes 250,000 vested loan funded Ordinary Shares.

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

 
PDMR DEALING NOTIFICATION 
------------------------------------------------------------------- 
Notification and public disclosure of transactions 
 by persons discharging managerial responsibilities 
 and persons closely associated with them 
------------------------------------------------------------------- 
1     Details of the person discharging managerial 
       responsibilities / person closely associated 
---  -------------------------------------------------------------- 
a)    Name                    Ned Montarello 
---  ----------------------  -------------------------------------- 
2     Reason for the notification 
---  -------------------------------------------------------------- 
a)    Position                Executive Chairman 
       / status 
---  ----------------------  -------------------------------------- 
b)    Initial notification    Initial Notification 
       / 
       Amendment 
---  ----------------------  -------------------------------------- 
3     Details of issuer 
---  -------------------------------------------------------------- 
a)    Name                    ThinkSmart Limited 
---  ----------------------  -------------------------------------- 
b)    LEI 
                                          213800I873YJPIBO2L33 
---  ----------------------  -------------------------------------- 
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 NPV each in 
       of the financial        the Company 
       instrument, 
       type of instrument 
---  ----------------------  -------------------------------------- 
      Identification          AU000XINEAE8 
       code 
---  ----------------------  -------------------------------------- 
b)    Nature of               Award of Ordinary Shares 
       the transaction 
---  ----------------------  -------------------------------------- 
c)    Price(s)                Price(s)            Volume(s) 
       and volume(s) 
---  ----------------------  ------------------  ------------------ 
   Nil                                            500,000 
  ---------------------------------------------  ------------------ 
d)    Aggregated              Aggregated price    Aggregated volume 
       information 
---  ----------------------  ------------------  ------------------ 
   N/A (single                                    N/A (single 
    transaction)                                   transaction) 
  ---------------------------------------------  ------------------ 
e)    Date of the             9 March 2018 
       transaction 
---  ----------------------  -------------------------------------- 
f)    Place of                London Stock Exchange (XLON) 
       the transaction 
---  ----------------------  -------------------------------------- 
 

For further information please contact:

 
 ThinkSmart Limited              Via Instinctif Partners 
 Ned Montarello 
 
 Canaccord Genuity (Nominated 
  Adviser, Financial Adviser 
  and Joint Broker)              [phone] 
 Sunil Duggal 
  David Tyrrell 
  Andrew Buchanan 
  Richard Andrews 
 
 Peel Hunt LLP (Joint Broker)    [phone] 
 Charles Batten 
  Guy Wiehahn 
  Rishi Shah 
 
 Instinctif Partners             [phone] 
 Giles Stewart 
  Rui Videira 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 09, 2018 11:15 ET (16:15 GMT)