ThinkSmart Limited PDMR Shareholding Notification (3160H)
March 09 2018 - 11:15AM
UK Regulatory
TIDMTSL
RNS Number : 3160H
ThinkSmart Limited
09 March 2018
9 March 2018
ThinkSmart Limited
("ThinkSmart" or the "Company" and together with its
subsidiaries the "Group")
PDMR Shareholding Notification
ThinkSmart (AIM: TSL) announces that it has today allotted
500,000 ordinary shares of no par value each in the Company
("Ordinary Shares") to Mr. Ned Montarello, Executive Chairman of
ThinkSmart (the "Share Award"). The Share Award relates to an
additional remuneration package approved by the Board's
remuneration committee, for Mr. Montarello's additional work
leading the Company during the interim period, until a replacement
Chief Executive Officer is appointed and joins the Group.
Application has also been made today for the 500,000 new
Ordinary Shares to be admitted to trading on AIM of the London
Stock Exchange. It is expected that admission of the new Ordinary
Shares will take place at or around 8:00am on 15 March 2018.
Post the admission of the new Ordinary Shares, Mr. Montarello's
total shareholding will comprise of 29,561,036(1) Ordinary Shares,
representing 28.23%(1) of the Company's issued share capital of
104,728,744 Ordinary Shares. The Company holds no shares in
Treasury. Therefore, the total number of voting rights in the Group
will be 104,728,744.
This figure may be used by shareholders as the denominator for
the calculation by which they will determine if they are required
to notify their interest in, or a change in their interest in, the
Group under the FCA's Disclosure Guidance and Transparency
Rules.
The notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation.
(1) Includes 250,000 vested loan funded Ordinary Shares.
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
PDMR DEALING NOTIFICATION
-------------------------------------------------------------------
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 Ned Montarello
--- ---------------------- --------------------------------------
2 Reason for the notification
--- --------------------------------------------------------------
a) Position Executive Chairman
/ status
--- ---------------------- --------------------------------------
b) Initial notification Initial Notification
/
Amendment
--- ---------------------- --------------------------------------
3 Details of issuer
--- --------------------------------------------------------------
a) Name ThinkSmart Limited
--- ---------------------- --------------------------------------
b) LEI
213800I873YJPIBO2L33
--- ---------------------- --------------------------------------
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 Ordinary shares of NPV each in
of the financial the Company
instrument,
type of instrument
--- ---------------------- --------------------------------------
Identification AU000XINEAE8
code
--- ---------------------- --------------------------------------
b) Nature of Award of Ordinary Shares
the transaction
--- ---------------------- --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s)
--- ---------------------- ------------------ ------------------
Nil 500,000
--------------------------------------------- ------------------
d) Aggregated Aggregated price Aggregated volume
information
--- ---------------------- ------------------ ------------------
N/A (single N/A (single
transaction) transaction)
--------------------------------------------- ------------------
e) Date of the 9 March 2018
transaction
--- ---------------------- --------------------------------------
f) Place of London Stock Exchange (XLON)
the transaction
--- ---------------------- --------------------------------------
For further information please contact:
ThinkSmart Limited Via Instinctif Partners
Ned Montarello
Canaccord Genuity (Nominated
Adviser, Financial Adviser
and Joint Broker) +44 (0)20 7523 8350
Sunil Duggal
David Tyrrell
Andrew Buchanan
Richard Andrews
Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900
Charles Batten
Guy Wiehahn
Rishi Shah
Instinctif Partners +44 (0)20 7457 2020
Giles Stewart
Rui Videira
This information is provided by RNS
The company news service from the London Stock Exchange
END
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