Castleton Technology PLC Director/PDMR Shareholding, Issue of Equity & TVR (2907Z)
August 30 2018 - 6:45AM
UK Regulatory
TIDMCTP
RNS Number : 2907Z
Castleton Technology PLC
30 August 2018
Castleton Technology PLC
("Castleton", the "Company" or the "Group")
Director/PDMR Shareholding, Issue of Equity and Total Voting
Rights
Castleton Technology plc (AIM: CTP), the software and managed
services provider to the public and not-for-profit sectors,
announces that it has received notification from Haywood Chapman,
Chief Financial Officer, that he exercised 271,000 options over
ordinary shares of 2 pence each in the capital of the Company
("Ordinary Shares") on 29 August 2018, at an exercise price of 22
pence per Ordinary Share (the "Exercise"). Following the Exercise,
on 29 August 2018 Mr Chapman sold 270,000 Ordinary Shares at a
price of 97 pence per Ordinary Share (the "Sale").
Following the Exercise and Sale, Mr Chapman holds 1,000 Ordinary
Shares, representing 0.001% of the enlarged issued share capital.
Mr Chapman holds options over 2% of the total value of the Company
above a base value - the 2% proportion calculated by reference to
the issued share capital of the company as at 21 February 2018,
less the value of the options exercised above, by way of a
combination of EMI Options, Unapproved Options and Growth
Shares.
Application has been made for 271,025 Ordinary Shares to be
admitted to trading on AIM ("Admission"), which includes 25
Ordinary Shares issued in relation to Castleton's acquisition of a
licence from Brixx International Ltd, as announced on 19 June 2018.
The new Ordinary Shares will rank pari passu with the Company's
existing Ordinary Shares and it is expected that Admission will
become effective and dealings in the new Ordinary Shares will
commence at 8.00 a.m. on 5 September 2018.
Following the issue of the 271,025 Ordinary Shares, the Company
will have a total of 81,332,434 Ordinary Shares in issue with one
voting right per share. The above figure 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 to their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Enquiries: Castleton Technology plc Tel. +44 (0)845 241
Dean Dickinson, Chief Executive 0220
Officer
Haywood Chapman, Chief Financial
Officer
finnCap Ltd Tel. +44 (0)20 7220
Jonny Franklin-Adams / Simon Hicks 0500
(corporate finance)
Andrew Burdis (ECM)
MXC Capital Markets LLP Tel. +44(0)20 7965 1849
Charlotte Stranner
Alma PR Tel. +44(0) 7780 901979
Rebecca Sanders-Hewett/ Helena
Bogle/ Josh Royston
About Castleton Technology plc
Castleton Technology plc is a leading supplier of complementary
software and managed services to the public and not-for-profit
sectors. The Group is a 'one stop shop', providing integrated
housing systems via the Cloud, working in partnership with its
customers and resellers to help drive efficiencies whilst improving
controls and customer service. www.castletonplc.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.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Haywood Chapman
------------------------------- -------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- -------------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Castleton Technology plc
------------------------------- -------------------------------------------
b) LEI 2138007AHX5UT6CO5L76
------------------------------- -------------------------------------------
4.1 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 options over ordinary shares of 2 pence
the Financial each ("Options")
instrument, type
of instrument
Identification n/a
code
------------------------------- -------------------------------------------
b) Nature of the Exercise of Options
transaction
------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
22p 271,000
----------
------------------------------- -------------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
------------------------------- -------------------------------------------
e) Date of the transaction 29 August 2018
------------------------------- -------------------------------------------
f) Place of the transaction Outside a trading venue
------------------------------- -------------------------------------------
4.2 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 ordinary shares of 2 pence each ("Ordinary
the Financial Shares")
instrument, type
of instrument
Identification GB00BYV2WV72
code
------------------------------- -------------------------------------------
b) Nature of the Sale of Ordinary Shares
transaction
------------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
97p 270,000
----------
------------------------------- -------------------------------------------
d) Aggregated information: n/a
* Aggregated volume
* Price
------------------------------- -------------------------------------------
e) Date of the transaction 29 August 2018
------------------------------- -------------------------------------------
f) Place of the transaction AIM Market, London Stock Exchange
------------------------------- -------------------------------------------
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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