RNS Number : 6278P
dotDigital Group plc
18 November 2016
 

FOR IMMEDIATE RELEASE                                                                                                                 18 NOVEMBER 2016

dotdigital Group plc

("dotdigital" or the "Company")

Director/PDMR Shareholding

dotdigital Group Plc (AIM:DOTD), the leading provider of intuitive Software as a Service and managed services to digital marketing professionals, announces that the Company was informed on 18 November 2016 that Tink Taylor (a Founding Director) and Peter Simmonds (retired CEO) of the Company, as detailed below reduced their holdings in ordinary shares of 0.5 pence each in the capital the Company ("Ordinary Shares") in order to satisfy strong demand from institutional investors.

Director

Date of Transaction

Number of Ordinary Shares disposed of

Price at which the Ordinary Shares were disposed of

Beneficial holding of Ordinary Shares following this transaction

Beneficial holding of Ordinary Shares following this transaction (%)

 

Ian "Tink" Taylor

18/11/2016

7,000,000

53.00p

29,776,667

10.10%

 

Peter Simmonds*

18/11/2016

1,500,000

53.00p

2,491,470

0.84%

 

* 1,477,972 of Peter Simmonds holdings/voting rights have been held by Frank Nominees Limited which acts as the nominee for Alliance Trust Pensions Limited, which is the trustee of a SIPP established by Peter Anthony Simmonds. Frank Nominees is the vehicle used by Kleinwort Benson Limited to hold securities for clients, trusts, SIPPs etc. The beneficiary of the SIPP is Peter Anthony Simmonds. The transaction above reflects a reduction in the SIPP holdings.

 

Milan Patel, Interim CEO & CFO, commented:






"Whilst Directors still hold a significant position in dotdigital of over 17%, we are delighted with the investment interest in the Company demonstrated by a number of our highly regarded current institutional investors, which continues to strengthen our shareholder base over the medium and longer term. This follows on from our recent intensive and extremely positive roadshow."

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail.

For further enquiries please contact:

dotdigital Group Plc
Milan Patel, CEO & CFO

Tel: 020 8662 2777

Financial PR and Investor Relations
Lisa Baderoon
Lisa.Baderoon@dotmailer.com

Tel: 07721 413 496

N+1 Singer (Nominated Adviser and Joint Broker)
Shaun Dobson, Head of Corporate Finance
Liz Yong, Corporate Finance

Tel: 020 7496 3000

finnCap (Joint Broker)
Stuart Andrews, Corporate Finance

Tel: 020 7220 0500

 

 

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

 

 

Ian "Tink" Taylor

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR (Non-executive Director)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

dotDigital plc

b)

 

LEI

 

 

N/A

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

 

Identification code

 

 

Ordinary shares of 0.5 pence each

 

 

GB00B3W40C23

b)

 

Nature of the transaction

 

 

Disposal of Ordinary Shares by a PDMR

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

53.00 pence

7,000,000

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

7,000,000 ordinary shares

 

 

53.00 pence

e)

 

Date of the transaction

 

 

18 November 2016

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)

 

Name

 

 

Peter Simmonds

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PDMR (Non-executive Director)

b)

 

Initial notification /Amendment

 

 

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

dotDigital plc

b)

 

LEI

 

 

N/A

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

 

Identification code

 

 

Ordinary shares of 0.5 pence each

 

 

GB00B3W40C23

b)

 

Nature of the transaction

 

 

Disposal of Ordinary Shares by a PDMR

 

c)

 

Price(s) and volume(s)

 

 

 

Price(s)

 

Volume(s)

53.00 pence

1,500,000

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

 

- Price

 

 

 

1,500,000 ordinary shares

 

 

53.00 pence

e)

 

Date of the transaction

 

 

18 November 2016

f)

 

Place of the transaction

 

 

London Stock Exchange (XLON)

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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