Idox Plc
Directors' Dealings & Holdings in Company
Idox plc (LSE:IDOX, "Company" or "Idox") received notification on 6 August 2019 from Kestrel Partners LLP ("Kestrel") that on 6 August 2019 it acquired, on behalf of its discretionary clients, 2,456,140 ordinary shares of 1p each ("Shares") in the Company at a price of £0.285 per share. The notification also included the matters set out below.
Mr Scott, a non-executive director of Idox, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Idox.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 33,537,916 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 11,331,582 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 44,869,498 Shares in the Company, which represents approximately 10.16% per cent of the Company's issued share capital.
Kestrel's interest in the Shares in the Company is held through the following nominees:
Holding type |
Nominee |
No. of shares |
% of issued share capital |
Indirect |
Bank of New York Nominees Ltd |
33,537,916 |
7.60% |
Indirect |
JIM Nominees Limited |
2,701,895 |
0.61% |
Indirect |
Bank of New York Nominees Ltd |
8,403,032 |
1.90% |
Indirect |
Bank of New York Nominees Ltd |
226,655 |
0.05% |
For further information contact:
Idox plc +44 (0) 870 333 7101 Chris Stone, Non-Executive Chairman David Meaden, Chief Executive Rob Grubb, Chief Financial Officer N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000 Shaun Dobson / Jen Boorer (Corporate Finance) Tom Salvesen (Corporate Broking) |
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ANNEX
Template for 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 |
Kestrel Partners LLP ('Kestrel') |
2 |
Reason for the notification |
a) |
Position/status |
PCA - Oliver Rupert Andrew Scott (non-executive director of Idox plc and Partner in Kestrel) |
b) |
Initial notification /Amendment |
Initial |
3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
a) |
Name |
Idox Plc |
b) |
LEI |
213800Z3FE6PWVSUGE70 |
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 |
1p Ordinary Shares ISIN: GB0002998192 |
b) |
Nature of the transaction |
Transfer for a client account managed by Kestrel to client account held at separate broker. No change of beneficial ownership. |
c) |
Price(s) and volume(s) |
Price(s) |
Volume(s) |
GBP 0.285 |
2,456,140 Shares |
|
d) |
Aggregated information - Aggregated volume - Price |
2,456,140 Shares in total at £0.285 per share |
e) |
Date of the transaction |
2019-08-06 |
f) |
Place of the transaction |
London Stock Exchange |