Directors’ Dealings & Holdings in Company
Idox Plc
ย 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 ยฃ0.285 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:ย
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Idox plcย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย +44 (0) 870 333 7101 N+1 Singer (NOMAD and Broker)ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย +44 (0) 20 7496 3000 |
ANNEX
ย Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1 |
Details of the person discharging managerial responsibilities / person closely associatedย |
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a) |
Name |
Kestrel Partners LLP (‘Kestrel’) |
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2 |
Reason for the notificationย |
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a) |
Position/statusย ย |
PCA – Oliver Rupert Andrew Scott (non-executive director of Idox plc and Partner in Kestrel) |
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b) |
Initial notification /Amendmentย ย |
Initial |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitorย |
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a) |
Name |
Idox Plc |
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b) |
LEI |
213800Z3FE6PWVSUGE70 |
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4ย |
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 conductedย |
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aย |
Description of the financial instrument, type of instrument Identification code |
1p Ordinary Sharesย ย ISIN: GB0002998192 |
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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. |
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c) |
Price(s) and volume(s) |
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d) ย |
Aggregated information ย ย – Aggregated volume ย ย – Priceย |
ย 2,456,140 Shares in total at ยฃ0.285 per share ย |
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e) |
Date of the transactionย |
2019-08-06 |
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f) |
Place of the transactionย |
London Stock Exchange |
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Rule 26
Information last updated: 6 August 2019