Immotion Group PLC Director/PDMR Shareholding (6512H)
August 02 2019 - 2:01AM
UK Regulatory
TIDMIMMO
RNS Number : 6512H
Immotion Group PLC
02 August 2019
Immotion Group plc
("Immotion Group" or "the Group")
Director/PDMR Shareholding
Immotion Group (AIM:IMMO), the UK-based immersive virtual
reality out-of-home entertainment group, has been notified on 1
August 2019 of the following Director/PDMR dealings in its
shares.
M Capital Ventures Limited, a company of which Martin Higginson,
David Marks and Sir Robin Miller, are directors and in aggregate,
significant shareholders has acquired 1,212,857 Ordinary Shares at
an average of 7p per share (being an investment of GBP85,000). All
of the aforementioned are also directors of Immotion Group plc.
Following this transfer M Capital Venture's total holding is
2,296,190 representing 0.92% of the Group's issued share capital.
No further disclosure is required in relation to this
transaction.
In addition, Megafone (UK) Ltd Retirement Benefit Scheme, a
pension scheme of which Martin Higginson, CEO of the Group, is the
sole beneficiary acquired 917,431 Ordinary Shares. The transfer was
made from within the Higginson family, further details of which are
below. Following this transfer and including the shares held by his
pension scheme, Martin Higginson's total holding is 24,026,945
shares representing 9.60% of the Group's issued share capital. The
Higginson family holding remains at 30,482,685, representing 12.1%
of the Groups issued share capital.
Rodney Findley, a Director of the Group, acquired 583,333
Ordinary Shares, further details of which are below. Following this
transfer Rodney Findley's total holding is 10,084,349 representing
4.03% of the Group's issued share capital.
The percentages above have been calculated using the Company's
issued share capital today, being 250,351,584 Ordinary Shares, and
therefore does not consider the Placing or Broker Option shares
outlined in the announcement on 31 July 2019.
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) Name Martin Higginson
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status CEO
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Immotion Group Plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 894500TW3TTWSJ7DYP93
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary Shares of 0.040108663p each
instrument ISIN: GB00BD5JRP64
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Shares were purchased by Megafone (UK) Ltd Retirement
Benefit Scheme, a pension scheme of
which Martin Higginson is the sole beneficiary from
Samuel Higginson.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
6.54p 917,431
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information N/A - single transaction
* Aggregated volume
* Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 1 August 2019
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange XLON
-------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
a) Name Samuel Higginson
-------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------------------
a) Position/status Group marketing Director
-------------------------------------------------------- -------------------------------------------------------
b) Initial notification/ Amendment Initial
-------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-----------------------------------------------------------------------------------------------------------------
a) Name Immotion Group Plc
-------------------------------------------------------- -------------------------------------------------------
b) LEI 894500TW3TTWSJ7DYP93
-------------------------------------------------------- -------------------------------------------------------
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 Ordinary Shares of 0.040108663p each
instrument ISIN: GB00BD5JRP64
Identification code
-------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Shares were sold by Samuel Higginson to Megafone (UK)
Ltd Retirement Benefit Scheme, a pension
scheme of which Martin Higginson is the sole
beneficiary.
-------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
6.54p 917,431
----------
-------------------------------------------------------- -------------------------------------------------------
d) Aggregated information N/A - single transaction
* Aggregated volume
* Price
-------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 1 August 2019
-------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange XLON
-------------------------------------------------------- -------------------------------------------------------
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) Name Rodney Findley
------------------------------------------------------------ -----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------------
a) Position/status Director
------------------------------------------------------------ -----------------------------------------
b) Initial notification/ Amendment Initial
------------------------------------------------------------ -----------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
-------------------------------------------------------------------------------------------------------
a) Name Immotion Group Plc
------------------------------------------------------------ -----------------------------------------
b) LEI 894500TW3TTWSJ7DYP93
------------------------------------------------------------ -----------------------------------------
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 0.040108663p each
ISIN: GB00BD5JRP64
Identification code
------------------------------------------------------------ -----------------------------------------
b) Nature of the transaction Transfer from M Capital Ventures Limited
------------------------------------------------------------ -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
6p 583,333
----------
------------------------------------------------------------ -----------------------------------------
d) Aggregated information N/A - single transaction
* Aggregated volume
* Price
------------------------------------------------------------ -----------------------------------------
e) Date of the transaction 1 August 2019
------------------------------------------------------------ -----------------------------------------
f) Place of the transaction [London Stock Exchange XLON]
------------------------------------------------------------ -----------------------------------------
Enquiries:
For further information please visit www.immotion.co.uk, or
contact:
Immotion Group Martin Higginson Tel: +44 (0) 161 235 8505
WH Ireland Limited Adrian Hadden Tel: +44 (0) 207 220 1666
(Nomad and Joint Broker) Jessica Cave
Shard Capital Partners Damon Heath Tel: +44 (0) 20 7186 9900
LLP Erik Woolgar
(Joint Broker)
Alvarium Capital Partners Alex Davies Tel: +44 (0) 207 195 1433
(Joint Broker)
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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