ARCONTECH GROUP PLC
(“Arcontech”, the “Company” or the “Group”)
Exercise of Options and PDMR Shareholding
Arcontech (AIM: ARC), the provider of products and services for real-time financial market data processing and trading, announces the exercise of share options by employees of the Company over 25,000 new ordinary shares of 12.5 pence each in the capital of the Company (“Ordinary Shares”) at an exercise price of 64.5 pence per share.
Of these, Louise Barton, Non-Executive Director, exercised 20,000 ordinary shares in Arcontech at the exercise price. Following this purchase, Louise Barton has a beneficial interest of 1,091,416 ordinary shares in the Company representing 8.2% of the issued share capital.
Application has been made to the London Stock Exchange for the 25,000 new Ordinary Shares to be admitted to trading on AIM and admission is expected to occur on or around 8.00am 10 September 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.
Total Voting Rights
For the purpose of the Disclosure Guidance and Transparency Rules, following the above issue of equity, the issued share capital of the Company will comprise 13,352,811 Ordinary Shares. The above figure 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, the Company, under the Disclosure Guidance and Transparency Rules.
|Arcontech Group plc||020 7256 2300|
|Geoff Wicks, Chairman and Non-Executive Director|
|Matthew Jeffs, Chief Executive|
|finnCap Ltd (Nomad & Broker)||020 7220 0500|
|Carl Holmes/Tim Harper Harriet Ward – ECM|
To access more information on the Group please visit: www.arcontech.com
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
|1.||Details of the person discharging managerial responsibilities / person closely associated|
|2.||Reason for the Notification|
|b)||Initial notification/Amendment||Initial notification|
|3.||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|a)||Name||Arcontech Group Plc|
|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 instrument||Ordinary shares of £0.125|
|Identification code||ARC GB00BDBBJZ03|
|b)||Nature of the transaction||Exercise of Options|
|c)||Price(s) and volume(s)||Price(s) Volume(s) 64.5p 20,000|
|d)||Aggregated information: ·Aggregated volume ·Price||N/A – single transaction|
|e)||Date of the transaction(s)||6 September 2021|
|f)||Place of the transaction||London Stock Exchange (AIM)|