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Bidstack Group PLC - Exercise of Warrants and Total Voting Rights

RNS Number : 6588D
Bidstack Group PLC
29 October 2020
 

Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this Announcement, this information is now considered to be in the public domain.

29 October 2020

Bidstack Group Plc

("Bidstack" or "the Company")

 

Exercise of 250,103 Warrants by Director, Issue of Equity and Total Voting Rights

 

Bidstack Group plc (AIM: BIDS.L), the native in-game advertising group, hereby announces that on 27 October 2020, the Company received a subscription notice from Donald Stewart, the Company's Chairman, exercising 250,103 warrants to subscribe for new ordinary shares in the Company at a subscription price of 5 pence per share ("New Shares").

Application will be made for the admission of the 250,103 New Shares to trading on AIM and it is expected that dealings in the New Shares will commence on or around 4 November 2020.  On admission the New Shares will rank pari passu in all respects with the Company's existing ordinary shares.

Total Voting Rights

Following admission of the New Shares, the total issued share capital of the Company will consist of 387,623,749 ordinary shares.  As such the total number of voting rights in the Company will be 387,623,749 ordinary shares.  This number 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 FCA's Disclosure and Transparency Rules.

 

-Ends-

Contacts

Bidstack Group PLC

James Draper, CEO

 

via Buchanan

SPARK Advisory Partners Limited (Nomad)

Mark Brady / Neil Baldwin / James Keeshan

 

+44 (0) 203 368 3550

Stifel Nicholas Europe Limited (Broker)

Fred Walsh

 

+44 (0) 20 7710 7600

Buchanan Communications Limited

Chris Lane / Stephanie Watson / Kim van Beeck

bidstack@buchanan.uk.com

 

+44 (0) 20 7466 5000

Notes to editors

About Bidstack

Bidstack is an advertising technology company which provides dynamic, targeted and automated native in-game advertising for the global video games industry across multiple platforms. Its proprietary technology is capable of inserting adverts into natural advertising space within video games.  Bidstack's customers are games publishers and developers (on the supply side), and advertising agencies, brands and programmatic advertising platforms (on the demand side).

Bidstack contracts exclusive access to the native in-game advertising spaces within video games from their developers or publishers and sells that advertising space either directly to specific brands and their agencies or through programmatic advertising platforms.

The Company announces the following Director/PDMR Shareholding dealings in accordance with Article 19 of the Market Abuse Regulation:

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

 Name

Donald Stewart

2.

Reason for the notification

a)

Position/status

Non-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

Bidstack Group Plc

b)

LEI

213800Q47UWF61LMRR02

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

Ordinary Shares of 0.5 pence each

b)

Identification code

GB00BZ7M6059

c)

Nature of the transactions

Exercise of Warrants

d)

Price(s) and volume(s)

Price: 5 pence per share

Volume: 250,103 shares

e)

Aggregated information

-     Aggregated volume

-     Price

As for d) above

f)

Date of the transactions

27 October 2020

f)

Place of the transactions

Off-market

 

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Quick facts: BidStack Group PLC

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Market: LSE
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