Eight Peaks Group PLC (LON:8PG)

Eight Peaks Group PLC (LON:8PG)


Share Price
9.50 p
Change
0 (0.00 %)
Market Cap
£1.71 m
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Eight Peaks Group PLC RNS Release

Directors' Subscription for Shares


RNS Number : 3572L
Eight Peaks Group PLC
24 December 2018
 

24 December 2018

Eight Peaks Group PLC
("8PG" or the "Company")

Director Subscription

Further to its previous announcement of 20 December 2018, 8PG is pleased to confirm that Zafar Karim, Executive Chairman of the Company, and Lord Nicholas Monson, Non-Executive Director of the Company, have now subscribed for a total of 1,000,000 and 700,000 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), respectively, at a price of 10 pence per share.

 

Following the issue of these Ordinary Shares, Zafar Karim and Lord Nicholas Monson, will have beneficial interests in 1,412,861 and 720,000 Ordinary Shares, respectively, representing approximately 7.9% and 4.0%, respectively, of the enlarged Ordinary Share capital of the Company.

 

Settlement and Dealings

 

Application has been made for the 1,700,000 new Ordinary Shares to be issued under the Placing, which will rank pari passu with the existing Ordinary Shares in the Company, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will commence on or around 8:00a.m. on or around 3 January 2019.

 

Total Voting Rights

 

Following Admission, the issued share capital of the Company would consist of 17,988,255  Ordinary Shares. No shares are held in treasury at the date of this announcement. The total current voting rights in the Company will therefore be 17,988,255.

 

This figure of 17,988,255 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 a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

The notifications below, made in accordance with the requirements of the EU Market Abuse Directive, provide further information.

 

 

- ENDS -

Legendary Investments PLC

Zafar Karim / Thomas Reuner/ Lord Nicholas Monson

 

020 8201 3536

Nominated Adviser



Grant Thornton UK LLP

Broker

Colin Aaronson / Harrison Clarke/ Seamus Fricker

020 7383 5100

S.P. Angel Corporate Finance LLP

 

Richard Morrison

020 3470 0504

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. 

About Eight Peaks Group PLC

Eight Peaks Group PLC focuses on assisting companies and making investments which exhibit the potential to generate returns of many multiples through capital appreciation.  Typically, Eight Peaks takes stakes in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.

www.8pg.co 

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)          

Full name of person Dealing

Zafar Karim

2.             

Reason for notification

(a)          

Position/status

Executive Chairman

(b)          

Initial notification/ Amendment

Initial notification

3.             

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)          

Name of entity

Eight Peaks Group PLC

(b)          

LEI

213800UXR58OZUHUD663

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 0.1 pence each

(b)          

Identification code

 GB00BG86C059

(c)           

Nature of the transaction

Subscription for cash

(d)          

Price(s) and volume(s)

Prices(s)

Volume(s)

10 pence

1,000,000

(e)           

Aggregated information:

- Aggregated volume

- Price

Single transaction as in 4(d) above

Prices(s)

Volume(s)

10 pence

1,000,000

(f)           

Date of transaction

22 December 2018

(g)           

Place of transaction

Outside a trading venue

 

1.             

Details of the person discharging managerial responsibilities/person closely associated

(a)          

Full name of person Dealing

Lord Nicholas Monson

2.             

Reason for notification

(a)          

Position/status

Non-Executive Director

(b)          

Initial notification/ Amendment

Initial notification

3.             

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

(a)          

Name of entity

Eight Peaks Group PLC

(b)          

LEI

213800UXR58OZUHUD663

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 0.1 pence each

(b)          

Identification code

 GB00BG86C059

(c)           

Nature of the transaction

Subscription for cash

(d)          

Price(s) and volume(s)

Prices(s)

Volume(s)

10 pence

700,000

(e)           

Aggregated information:

- Aggregated volume

- Price

Single transaction as in 4(d) above

Prices(s)

Volume(s)

10 pence

700,000

(f)           

Date of transaction

22 December 2018

(g)           

Place of 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 [email protected] or visit www.rns.com.
 
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