Directors’ Dealings & Holdings in Company

Idox plc (LSE:IDOX, “Company” or “Idox”) received notification on 24 December 2019 from Kestrel Partners LLP (“Kestrel”) that on 20 December 2019 it acquired, on behalf of its discretionary clients, 300,000 ordinary shares of 1p each (“Shares”) in the Company at a price of £0.34 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 11,944,362 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 45,482,278 Shares in the Company, which represents 10.26% 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	7.57%
Indirect	JIM Nominees Limited	2,457,229	0.55%
Indirect	Bank of New York Nominees Ltd	9,252,823	2.09%
Indirect	Bank of New York Nominees Ltd	234,310	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 0.34   300,000 Shares
d)	Aggregated information     – Aggregated volume     – Price	Bought 300,000 Shares in total at £0.34 per share
e)	Date of the transaction	2019-12-20
f)	Place of the transaction	London Stock Exchange