Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Wandisco Plc LSE:WAND London Ordinary Share JE00B6Y3DV84 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -4.00 -0.89% 446.00 447.00 453.00 456.00 436.00 456.00 30,797 16:35:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 12.2 -22.0 -47.5 - 235

WANdisco Plc Results of Director Dealings and Issue of Equity

24/07/2020 7:00am

UK Regulatory (RNS & others)


Wandisco (LSE:WAND)
Historical Stock Chart


From Feb 2020 to Feb 2021

Click Here for more Wandisco Charts.

TIDMWAND

RNS Number : 9494T

WANdisco Plc

24 July 2020

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA (UNLESS AN EXEMPTION UNDER THE RELEVANT SECURITIES LAWS IS AVAILABLE) OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

24 July 2020

WANdisco plc

("WANdisco" or the "Company")

Results of Director Dealings and Issue of Equity

Further to yesterday's announcement, certain Directors and employees of the Company (together, the "Selling Shareholders"), announce that, subject to completion, they have sold in aggregate 993,758 ordinary shares in the Company ( together, the "Vendor Placing Shares") at a price of 500 pence per share following the release of Restricted Stock Units ("RSUs") vesting under the Company's options schemes, raising aggregate gross proceeds of approximately GBP5 million ( together, the "Vendor Placing").

The trade date for the Vendor Placing share sale was 23 July 2020 and settlement is expected to occur on a T+5 basis on 30 July 2020.

Following the Vendor Placing, the Selling Shareholders that are persons discharging managerial responsibilities ("PDMR") will have the following resultant shareholdings:

 
 Selling PDMR                     Ordinary       Price of  Ordinary shares   Holding - number 
                               shares sold       Ordinary   retained under        of Ordinary 
                                 under RSU    shares sold              RSU             Shares 
---------------------------  -------------  -------------  ---------------  ----------------- 
 David Richards 
  ( Chairman, CEO 
  and Co-founder)                  243,536           500p           32,031          2,151,264 
 Yeturu Aahlad ( 
  Chief Scientist, 
  Inventor & Co-Founder            217,961           500p           28,512          2,471,016 
 Erik Miller ( Chief 
  Financial Officer)                13,520           500p            1,820              1,820 
 Bob Corey ( Non-executive 
  Director)                         13,002           500p           17,170             17,170 
 Karl Monaghan ( 
  Non-executive Director)           26,085           500p            4,087             57,629 
 

Total voting rights

The Vendor Placing Shares will, when issued under the Company's existing block listing, rank pari passu in all respects with, and will carry the same voting and dividend rights as the existing ordinary shares. Following admission of the Vendor Placing Shares, the Company's enlarged issued share capital will comprise 52,503,554 voting ordinary shares. The aforementioned figure of 52,503,554 voting ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change in the interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact:

 
WANdisco plc                              Via FTI Consulting 
David Richards, Chief Executive Officer 
 and Chairman 
Erik Miller, Chief Financial Officer 
 
FTI Consulting                            +44 (0)20 3727 1137 
Matt Dixon / Chris Birt / Kwaku Aning 
 
Stifel (Nomad)                            +44 (0)20 7710 7600 
Fred Walsh / Rajpal Padam 
 
 

About WANdisco

WANdisco is the LiveData company for machine learning and AI. WANdisco solutions enable enterprises to create an environment where data is always available, accurate and protected, creating a strong backbone for their IT infrastructure and a bedrock for running consistent, accurate machine learning applications. With zero downtime and zero data loss, WANdisco Fusion keeps geographically dispersed data at any scale consistent between on-premises and cloud environments allowing businesses to operate seamlessly in a hybrid or multi-cloud environment. WANdisco has over a hundred customers and significant go-to-market partnerships with Microsoft Azure, Amazon Web Services, Google Cloud, Oracle, and others as well as OEM relationships with IBM and Alibaba.

For additional information, please visit www.wandisco.com

IMPORTANT NOTICES

This Announcement or any part of it does not constitute or form part of any offer to issue or sell, or the solicitation of an offer to acquire, purchase or subscribe for, any securities in the United States (including its territories and possessions, any state of the United States and the District of Columbia). The Vendor Placing Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or with any securities regulatory authority of any state or jurisdiction of the United States, and may not be offered, sold or transferred, directly or indirectly, in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offering of securities in the United States.

This Announcement may contain and the Company may make verbal statements containing "forward-looking statements" with respect to certain of the Company's plans and its current goals and expectations relating to its future financial condition, performance, strategic initiatives, objectives and results. By their nature, all forward-looking statements involve risk and uncertainty because they relate to future events and circumstances which are beyond the control of the Company, including amongst other things, United Kingdom domestic and global economic business conditions, market-related risks such as fluctuations in interest rates and exchange rates, the policies and actions of governmental and regulatory authorities, the effect of competition, inflation, deflation, the timing effect and other uncertainties of future acquisitions or combinations within relevant industries, the effect of tax and other legislation and other regulations in the jurisdictions in which the Company and its respective affiliates operate, the effect of volatility in the equity, capital and credit markets on the Company's profitability and ability to access capital and credit, a decline in the Company's credit ratings; the effect of operational risks; and the loss of key personnel. As a result, the actual future financial condition, performance and results of the Company may differ materially from the plans, goals and expectations set forth in any forward-looking statements. Any forward-looking statements made in this Announcement by or on behalf of the Company speak only as of the date they are made. Except as required by applicable law or regulation, the Company expressly disclaims any obligation or undertaking to publish any updates or revisions to any forward-looking statements contained in this Announcement to reflect any changes in the Company's expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based.

Solely for the purposes of Article 9(8) of Commission Delegated Directive 2017/593 (the "Delegated Directive") regarding the responsibilities of Manufacturers under the Product Governance requirements contained within: (a) Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of the Delegated Directive; and (c) local implementing measures (the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Ordinary Shares have been subject to a product approval process, which has determined that the Ordinary Shares are (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, Distributors (as defined within the MiFID II Product Governance Requirements) should note that: the price of the Ordinary Shares may decline and investors could lose all or part of their investment; the Ordinary Shares offer no guaranteed income and no capital protection; and an investment in Ordinary Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the proposed vendor placing. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Bookrunners will only procure investors who meet the criteria of professional clients and eligible counterparties. For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability of appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Ordinary

Shares. Each distributor is responsible for undertaking its own target market assessment in respect of the Ordinary Shares and determining appropriate distribution channels.

Stifel is regulated by the Financial Conduct Authority (the "FCA") in the United Kingdom and is acting exclusively for the Company, and Stifel will not be responsible to anyone (including any purchasers of the Vendor Placing Shares) other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Vendor Placing or any other matters referred to in this Announcement.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by Stifel or by any of its respective affiliates or agents as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulation.

 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                           David Richards 
     ---------------------------------------------  ----------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                                Chief Executive Officer 
     ---------------------------------------------  ----------------------------- 
 b)   Initial notification/Amendment                 Initial notification 
     ---------------------------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                                           WANdisco plc 
     ---------------------------------------------  ----------------------------- 
 b)   LEI                                            213800Y1A75RSC698O04 
     ---------------------------------------------  ----------------------------- 
 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                   Ordinary shares of 10p each 
       instrument, type of instrument 
       Identification code                            ISIN: JE00B6Y3DV84 
     ---------------------------------------------  ----------------------------- 
 b)   Nature of the transaction                      Sales of shares 
     ---------------------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)                          Price(s)   Volume(s) 
                                                       500p       243,536 
                                                                 ---------- 
     ---------------------------------------------  ----------------------------- 
 d)   Aggregated information -   Aggregated volume     243,536 
        -   Price                                       500p 
           ------------------                          ------------- 
        -   Aggregated total                            GBP1,217,680 
           ------------------                          ------------- 
     ---------------------------------------------  ----------------------------- 
 e)   Date of the transaction                        23 July 2020 
     ---------------------------------------------  ----------------------------- 
 f)   Place of the transaction                       London Stock Exchange (XLON) 
     ---------------------------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                           Yeturu Aahlad 
     ---------------------------------------------  ----------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                                Director 
     ---------------------------------------------  ----------------------------- 
 b)   Initial notification/Amendment                 Initial notification 
     ---------------------------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                                           WANdisco plc 
     ---------------------------------------------  ----------------------------- 
 b)   LEI                                            213800Y1A75RSC698O04 
     ---------------------------------------------  ----------------------------- 
 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                   Ordinary shares of 10p each 
       instrument, type of instrument 
       Identification code                            ISIN: JE00B6Y3DV84 
     ---------------------------------------------  ----------------------------- 
 b)   Nature of the transaction                      Sales of shares 
     ---------------------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)                          Price(s)   Volume(s) 
                                                       500p       217,961 
                                                                 ---------- 
     ---------------------------------------------  ----------------------------- 
 d)   Aggregated information -   Aggregated volume     217,961 
        -   Price                                       500p 
           ------------------                          ------------- 
        -   Aggregated total                            GBP1,089,805 
           ------------------                          ------------- 
     ---------------------------------------------  ----------------------------- 
 e)   Date of the transaction                        23 July 2020 
     ---------------------------------------------  ----------------------------- 
 f)   Place of the transaction                       London Stock Exchange (XLON) 
     ---------------------------------------------  ----------------------------- 
 
 
      Details of the person discharging managerial responsibilities/person 
  1    closely associated 
 a)   Name                                           Erik E Miller 
     ---------------------------------------------  ----------------------------- 
      Reason for the notification 
  2 
     ---------------------------------------------------------------------------- 
 a)   Position/status                                Director 
     ---------------------------------------------  ----------------------------- 
 b)   Initial notification/Amendment                 Initial notification 
     ---------------------------------------------  ----------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                                           WANdisco plc 
     ---------------------------------------------  ----------------------------- 
 b)   LEI                                            213800Y1A75RSC698O04 
     ---------------------------------------------  ----------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (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                   Ordinary shares of 10p each 
       instrument, type of instrument 
       Identification code                            ISIN: JE00B6Y3DV84 
     ---------------------------------------------  ----------------------------- 
 b)   Nature of the transaction                      Sales of shares 
     ---------------------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)                          Price(s)   Volume(s) 
                                                       500p       13,520 
                                                                 ---------- 
     ---------------------------------------------  ----------------------------- 
 d)   Aggregated information -   Aggregated volume     13,520 
        -   Price                                       500p 
           ------------------                          ---------- 
        -   Aggregated total                            GBP67,600 
           ------------------                          ---------- 
     ---------------------------------------------  ----------------------------- 
 e)   Date of the transaction                        23 July 2020 
     ---------------------------------------------  ----------------------------- 
 f)   Place of the transaction                       London Stock Exchange (XLON) 
     ---------------------------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                           Bob Corey 
     ---------------------------------------------  ----------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                                Director 
     ---------------------------------------------  ----------------------------- 
 b)   Initial notification/Amendment                 Initial notification 
     ---------------------------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                                           WANdisco plc 
     ---------------------------------------------  ----------------------------- 
 b)   LEI                                            213800Y1A75RSC698O04 
     ---------------------------------------------  ----------------------------- 
 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                   Ordinary shares of 10p each 
       instrument, type of instrument 
       Identification code                            ISIN: JE00B6Y3DV84 
     ---------------------------------------------  ----------------------------- 
 b)   Nature of the transaction                      Sales of shares 
     ---------------------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)                          Price(s)   Volume(s) 
                                                       500p       13,002 
                                                                 ---------- 
     ---------------------------------------------  ----------------------------- 
 d)   Aggregated information -   Aggregated volume     13,002 
        -   Price                                       500p 
           ------------------                          ---------- 
        -   Aggregated total                            GBP65,010 
           ------------------                          ---------- 
     ---------------------------------------------  ----------------------------- 
 e)   Date of the transaction                        23 July 2020 
     ---------------------------------------------  ----------------------------- 
 f)   Place of the transaction                       London Stock Exchange (XLON) 
     ---------------------------------------------  ----------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                           Karl Monaghan 
     ---------------------------------------------  ----------------------------- 
 2    Reason for the notification 
     ---------------------------------------------------------------------------- 
 a)   Position/status                                Director 
     ---------------------------------------------  ----------------------------- 
 b)   Initial notification/Amendment                 Initial notification 
     ---------------------------------------------  ----------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------- 
 a)   Name                                           WANdisco plc 
     ---------------------------------------------  ----------------------------- 
 b)   LEI                                            213800Y1A75RSC698O04 
     ---------------------------------------------  ----------------------------- 
 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                   Ordinary shares of 10p each 
       instrument, type of instrument 
       Identification code                            ISIN: JE00B6Y3DV84 
     ---------------------------------------------  ----------------------------- 
 b)   Nature of the transaction                      Sales of shares 
     ---------------------------------------------  ----------------------------- 
 c)   Price(s) and volume(s)                          Price(s)   Volume(s) 
                                                       500p       26,085 
                                                                 ---------- 
     ---------------------------------------------  ----------------------------- 
 d)   Aggregated information -   Aggregated volume     26,085 
        -   Price                                       500p 
           ------------------                          ----------- 
        -   Aggregated total                            GBP130,425 
           ------------------                          ----------- 
     ---------------------------------------------  ----------------------------- 
 e)   Date of the transaction                        23 July 2020 
     ---------------------------------------------  ----------------------------- 
 f)   Place of the transaction                       London Stock Exchange (XLON) 
     ---------------------------------------------  ----------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DSHRJMLTMTTTBIM

(END) Dow Jones Newswires

July 24, 2020 02:00 ET (06:00 GMT)

1 Year Wandisco Chart

1 Year Wandisco Chart

1 Month Wandisco Chart

1 Month Wandisco Chart
ADVFN Advertorial
Your Recent History
LSE
WAND
Wandisco
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210225 19:51:53