Share Name Share Symbol Market Type Share ISIN Share Description
Zaim Credit Systems Plc LSE:ZAIM London Ordinary Share GB00BK5T9G03 ORD �0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2.91 2.52 3.30 0.00 0.00 0.00 0.00 12:02:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial - - - - 13

ZAIM Credit Systems PLC Admission to Trading

04/11/2019 7:00am

UK Regulatory (RNS & others)


Zaim Credit Systems (LSE:ZAIM)
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3 Months : From Oct 2019 to Jan 2020

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TIDMZAIM

RNS Number : 0577S

ZAIM Credit Systems PLC

04 November 2019

Not for release or distribution, directly or indirectly, within, into or in the United States or to or for the account or benefit of persons in the United States, Australia, Canada, Japan or any other jurisdiction where such offer or sale would violate the relevant securities laws of such jurisdiction

For Immediate Release

4 November 2019

Zaim Credit Systems Plc

("Zaim Credit" or "the Company")

Admission to Trading

The Directors of Zaim Credit, a regulated microfinance business operating in the Russian Federation, are pleased to announce that following the publication of its prospectus on 30 October 2019 (the "Prospectus") and completion of the placing and subscription of 104,000,000 new ordinary shares of GBP0.01 each in the Company ("Ordinary Shares") at 2.5p per share ("Placing Price") raising gross proceeds of GBP2.6 million, the Company's Enlarged Share Capital comprising 436,975,000 Ordinary Shares will be admitted to the Official List (by way of a Standard Listing under Chapter 14 of the Listing Rules) and to trading on the London Stock Exchange's Main Market for listed securities at 8.00 a.m. GMT today under the TIDM "ZAIM" ("Admission"). The Company's ISIN is GB00BK5T9G03 and LEI 213800Z4MI9KSZA2VW72.

Siro Cicconi, Chief Executive Officer commented:

"We are pleased to bring the Company to the London Market. We believe there are excellent prospects to grow our business and look forward reporting further progress in due course."

About the Company

Zaim Credit is the holding company of a Russian based financial services company Zaim-Express LLC ("Zaim") which it acquired on 10 September 2019. Zaim is authorised to conduct microfinance activities and included on the State Registry of Microfinance Organisations (the "Registry") maintained initially as a microcredit organisation ("MCO") by the Russian Ministry of Finance and later, by the Central Bank of Russia ("CBR").

Zaim's MCC status allows it to engage in microfinance activity in the territory of the Russian Federation and since obtaining its authorised status, Zaim has developed a bespoke IT system, created a distribution network and raised debt capital to fund its loan book.

Copies of the Prospectus are available on the Company's website at http://www.zaimcreditsystemsplc.com/en/ and during normal business hours at the registered address of the Company at c/o Hill Dickinson LLP, The Broadgate Tower, 20 Primrose Street, London, EC2A 2EW.

Total Voting Rights

In conformity with Rule 5.6.1 of the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that as from Admission the total number of voting rights in the Company is 436,975,000. This figure may be used by the Company's 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, the Company under the Disclosure Guidance and Transparency Rules.

Director / PDMR Shareholding

As set out more fully in the Prospectus, certain Directors and members of the Company's senior management have been allotted Fee Shares and granted Options on Admission. As the Directors and senior managers are persons discharging managerial responsibilities, copies of the notifications relating to such transactions in the Company's securities are set out in Appendix I at the end of this announcement.

Defined terms in this announcement shall have the same meanings as in the Prospectus.

Enquiries:

 
 Zaim Credit Systems Plc 
 Simon Retter                       Tel: +44 (0) 7795 640 616 
  Siro Cicconi                       Tel: +39 33 3886 6733 
 
 Beaumont Cornish Limited 
 Roland Cornish / James Biddle      Tel: +44 (0) 20 7628 3396 
 
 Optiva Securities Limited 
 Jeremy King / Vishal Balasingham   Tel: +44 (0) 20 3137 1902 
 

Appendix I

This announcement is made in accordance with the requirements of Article 19 of the EU Market Abuse Regulation ("MAR") and the Company confirms that the PDMR's notification obligations under MAR have been satisfied.

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                        Simon Retter 
                                    Stonedale Management and Investments 
                                    Ltd 
      --------------------------  ---------------------------------------------------- 
 2     Reason for notification 
      -------------------------------------------------------------------------------- 
 a)    Position / status           Finance Director 
      --------------------------  ---------------------------------------------------- 
 sb)   Initial notification        Initial 
        /Amendment 
      --------------------------  ---------------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------------- 
 a)    Name                        Zaim Credit Systems Plc 
      --------------------------  ---------------------------------------------------- 
 b)    LEI                         213800Z4MI9KSZA2VW72 
      --------------------------  ---------------------------------------------------- 
 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          Ordinary Shares and Options 
        financial instrument, 
        type of instrument 
        Identification code         ISIN: GB00BK5T9G03 
      --------------------------  ---------------------------------------------------- 
       Nature of the transaction   Issue of Ordinary Shares and Issue 
                                    of Options 
      --------------------------  ---------------------------------------------------- 
       Price(s) and volumes(s)       Financial             Price(s)    Volumes(s) 
                                       Instrument 
                                      Ordinary Shares       2.5p        1,600,000 
                                                           ----------  ------------ 
                                      Options*              2.5p        6,450,000 
                                                           ----------  ------------ 
                                      *Options have been issued to Stonedale 
                                       Management and Investments Ltd of 
                                       which Simon Retter is the sole director 
                                       and sole shareholder 
      --------------------------  ---------------------------------------------------- 
 d)    Aggregated information       Financial      Price(s)   Volumes(s)   Total 
                                      Instrument                             Value 
                                     Ordinary 
                                      Shares        2.5p       1,600,000    GBP40,000 
                                                   ---------  -----------  ----------- 
                                     Options*       2.5p       6,450,000    GBP161,250 
                                                   ---------  -----------  ----------- 
                                     *Options have been issued to Stonedale 
                                      Management and Investments Ltd of 
                                      which Simon Retter is the sole director 
                                      and sole shareholder 
      --------------------------  ---------------------------------------------------- 
 e)    Date of the transaction     2019-11-04 
      --------------------------  ---------------------------------------------------- 
 f)    Place of the transaction    Outside a trading venue 
      --------------------------  ---------------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Siro Cicconi 
      ---------------------------  -------------------------------------- 
 2     Reason for notification 
      ------------------------------------------------------------------- 
 a)    Position / status            CEO 
      ---------------------------  -------------------------------------- 
 sb)   Initial notification         Initial 
        /Amendment 
      ---------------------------  -------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------- 
 a)    Name                         Zaim Credit Systems Plc 
      ---------------------------  -------------------------------------- 
 b)    LEI                          213800Z4MI9KSZA2VW72 
      ---------------------------  -------------------------------------- 
 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           Options 
        financial instrument, 
        type of instrument 
        Identification code          ISIN: GB00BK5T9G03 
      ---------------------------  -------------------------------------- 
       Nature of the transaction    Issue of Options 
      ---------------------------  -------------------------------------- 
       Price(s) and volumes(s)        Price(s)   Volumes(s) 
                                       2.5p       10,750,000 
                                                 ----------- 
      ---------------------------  -------------------------------------- 
 d)    Aggregated information        Price(s)   Volumes(s)   Total Value 
                                      2.5p       10,750,000   GBP268,750 
                                                -----------  ------------ 
      ---------------------------  -------------------------------------- 
 e)    Date of the transaction      2019-11-04 
      ---------------------------  -------------------------------------- 
 f)    Place of the transaction     Outside a trading venue 
      ---------------------------  -------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Vladimir Golovko 
      ---------------------------  -------------------------------------- 
 2     Reason for notification 
      ------------------------------------------------------------------- 
 a)    Position / status            COO 
      ---------------------------  -------------------------------------- 
 sb)   Initial notification         Initial 
        /Amendment 
      ---------------------------  -------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------- 
 a)    Name                         Zaim Credit Systems Plc 
      ---------------------------  -------------------------------------- 
 b)    LEI                          213800Z4MI9KSZA2VW72 
      ---------------------------  -------------------------------------- 
 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           Options 
        financial instrument, 
        type of instrument 
        Identification code          ISIN: GB00BK5T9G03 
      ---------------------------  -------------------------------------- 
       Nature of the transaction    Issue of Options 
      ---------------------------  -------------------------------------- 
       Price(s) and volumes(s)        Price(s)   Volumes(s) 
                                       2.5p       8,600,000 
                                                 ----------- 
      ---------------------------  -------------------------------------- 
 d)    Aggregated information        Price(s)   Volumes(s)   Total Value 
                                      2.5p       8,600,000    GBP215,000 
                                                -----------  ------------ 
      ---------------------------  -------------------------------------- 
 e)    Date of the transaction      2019-11-04 
      ---------------------------  -------------------------------------- 
 f)    Place of the transaction     Outside a trading venue 
      ---------------------------  -------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Malcolm Groat 
      ---------------------------  -------------------------------------- 
 2     Reason for notification 
      ------------------------------------------------------------------- 
 a)    Position / status            Non-Executive Chairman 
      ---------------------------  -------------------------------------- 
 sb)   Initial notification         Initial 
        /Amendment 
      ---------------------------  -------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------- 
 a)    Name                         Zaim Credit Systems Plc 
      ---------------------------  -------------------------------------- 
 b)    LEI                          213800Z4MI9KSZA2VW72 
      ---------------------------  -------------------------------------- 
 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           Options 
        financial instrument, 
        type of instrument 
        Identification code          ISIN: GB00BK5T9G03 
      ---------------------------  -------------------------------------- 
       Nature of the transaction    Issue of Options 
      ---------------------------  -------------------------------------- 
       Price(s) and volumes(s)        Price(s)   Volumes(s) 
                                       2.5p       2,150,000 
                                                 ----------- 
      ---------------------------  -------------------------------------- 
 d)    Aggregated information        Price(s)   Volumes(s)   Total Value 
                                      2.5p       2,150,000    GBP53,750 
                                                -----------  ------------ 
      ---------------------------  -------------------------------------- 
 e)    Date of the transaction      2019-11-04 
      ---------------------------  -------------------------------------- 
 f)    Place of the transaction     Outside a trading venue 
      ---------------------------  -------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Andrey Katyshkov 
      ---------------------------  -------------------------------------- 
 2     Reason for notification 
      ------------------------------------------------------------------- 
 a)    Position / status            CFO 
      ---------------------------  -------------------------------------- 
 sb)   Initial notification         Initial 
        /Amendment 
      ---------------------------  -------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------- 
 a)    Name                         Zaim Credit Systems Plc 
      ---------------------------  -------------------------------------- 
 b)    LEI                          213800Z4MI9KSZA2VW72 
      ---------------------------  -------------------------------------- 
 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           Options 
        financial instrument, 
        type of instrument 
        Identification code          ISIN: GB00BK5T9G03 
      ---------------------------  -------------------------------------- 
       Nature of the transaction    Issue of Options 
      ---------------------------  -------------------------------------- 
       Price(s) and volumes(s)        Price(s)   Volumes(s) 
                                       2.5p       4,300,000 
                                                 ----------- 
      ---------------------------  -------------------------------------- 
 d)    Aggregated information        Price(s)   Volumes(s)   Total Value 
                                      2.5p       4,300,000    GBP107,500 
                                                -----------  ------------ 
      ---------------------------  -------------------------------------- 
 e)    Date of the transaction      2019-11-04 
      ---------------------------  -------------------------------------- 
 f)    Place of the transaction     Outside a trading venue 
      ---------------------------  -------------------------------------- 
 

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

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November 04, 2019 02:00 ET (07:00 GMT)

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