finnCap Group PLC Director's Dealing and Concert Party Update (1090M)
May 06 2020 - 4:54AM
UK Regulatory
TIDMFCAP
RNS Number : 1090M
finnCap Group PLC
06 May 2020
6 May 2020
finnCap Group plc
Director's Dealing and Concert Party Update
finnCap Group plc (AIM: FCAP) (the "Company") today announces
that Sam Smith, a director of the Company, has transferred 300,000
Ordinary Shares in the Company from her own name into her SIPP at a
value of 15.1 pence per share. The shares transferred represent
0.18% of the issued share capital of the Company.
Following this transfer of shares, Sam Smith's beneficial
interest over 16,014,286 Ordinary Shares, representing 9.42% of the
current total voting rights of the Company, remains unchanged. The
Company's Ordinary Shares referred to above are finnCap Group plc
ordinary shares of 1 penny each and the total number of shares in
issue is 170,007,010.
Further details on the transfer are included in the notification
below, made in accordance with the requirements of the EU Market
Abuse Regulation.
In addition, the Company announces that, following recent
discussions, the Takeover Panel has agreed that the finnCap Concert
Party, as previously described in the admission document dated 29
November 2018, now comprises of Sam Smith, Jon Moulton and Tom
Hayward and their respective families and connected persons.
Consequently, the finnCap Concert Party holds, in aggregate,
39,630,492 Shares representing 23.31% of the issued share capital
of the Company. Sam Smith and Tom Hayward also hold, in aggregate,
options over 2,631,866 Shares pursuant to the finnCap Group's
various employee share option plans. Should all of these options
vest pursuant to their terms and be exercised in full together, the
holding of the finnCap Concert Party would increase to 42,262,358
Shares representing 24.48% of the Company's issued share capital as
enlarged by that exercise and assuming no other shares had been
issued by finnCap. Since the finnCap Concert Party is now
interested in shares carrying less than 30% of the voting rights of
the Company, members of the finnCap Concert Party are able to make
purchases of shares to increase their interest up to 29.99% without
triggering the requirement to make a mandatory offer to all shares
pursuant to Rule 9 of the Takeover Code.
Contacts
finnCap Group plc Tel: +44 (0) 20 7220 0500
Sam Smith, Chief Executive Officer
investor.relations@finncap.com
Tom Hayward, Chief Financial Officer
Grant Thornton (Nominated Adviser) Tel: +44 (0) 20 7383 5100
Philip Secrett/Samantha Harrison/Seamus Fricker
finnCap Ltd (Broker) Tel: +44 (0) 20 7220 0500
Rhys Williams
Tim Redfern
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Samantha Smith
------------------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status Director, Chief Executive Officer
------------------------------------- ----------------------------------------
b) Initial notification Initial
/Amendment
------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name finnCap Group plc
------------------------------------- ----------------------------------------
b) LEI 213800DLRUJW6JVNS533
------------------------------------- ----------------------------------------
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
financial instrument,
type of instrument
Identification code GB00BGKPX309
b) Nature of the transaction Sale of shares to SIPP
------------------------------------- ----------------------------------------
c) Price(s) and volume(s)
------------------ -----------------
Price(s) Volume(s)
------------------ -----------------
GBP0.151 300,000
------------------------------------------------------------- -----------------
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 5 May 2020
------------------------------------- ----------------------------------------
f) Place of the transaction 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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