Directors’ Dealings & Holdings in Company

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)

 
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

Rule 26
Information last updated: 6 August 2019