TIDMANX

RNS Number : 9321Q

Anexo Group PLC

03 March 2021

 
 For immediate release   3 March 2021 
 

Anexo Group plc

('Anexo' or the 'Group')

Acquisition of Shares by Major Shareholder/PDMR Dealings

Anexo Group plc (AIM: ANX), the specialist integrated credit hire and legal services provider, is pleased to announce that following the initial acquisition by DBAY Advisors Limited ('DBAY') of 9.9% of the issued share capital of the Group as announced on 12 November 2020, regulatory approvals from the Financial Conduct Authority and the Solicitors' Regulatory Authority have been obtained. Consequently, on 2 March 2021 DBAY completed the acquisition of an additional 19.1% shareholding in the Group, resulting in an aggregate stake of 29%.

Information relating to the sale of shares to DBAY over the two tranches and the resulting holdings for Alan Sellers, Samantha Moss and Valentina Slater is provided in the table below:

 
                  Ordinary Shares transferred    Resulting holding   Percentage of 
                            to DBAY                                   issued share 
                                                                        capital 
                       Tranche 
 Shareholder                 1       Tranche 2 
 Alan Sellers        5,150,100       9,936,051          20,028,165             17% 
 Samantha 
  Moss               5,291,703      10,209,244          20,578,843             18% 
 Valentina 
  Slater             1,042,198       2,010,705           4,052,991              3% 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                           Alan Sellers 
     ------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                Executive Chairman 
     ------------------------  ----------------------------------------- 
 b)   Initial                   Initial notification 
       notification 
       /Amendment 
     ------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                      Anexo Group plc 
     ------------------------  ----------------------------------------- 
 b)   LEI                       213800CJHD5C8M4MEY87 
     ------------------------  ----------------------------------------- 
 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               Ordinary Shares of 0.05p each 
       of the financial 
       instrument, 
       type of                   ISIN: GB00BF2G3L29 
       instrument 
       Identification 
       code 
     ------------------------  ----------------------------------------- 
 b)   Nature of                 Sale of ordinary shares 
       the transaction 
     ------------------------  ----------------------------------------- 
 c)   Price(s)                    Price       No. of shares 
       and volume(s)                    150p   9,936,051 
                                              -------------- 
     ------------------------  ----------------------------------------- 
 d)   Aggregated 
       information                Volume: 9,936,051 
       volume                     Weighted average price: 150p 
       - Price 
     ------------------------  ----------------------------------------- 
 e)   Date of                   2 March 2021 
       the transaction 
     ------------------------  ----------------------------------------- 
 f)   Place of                  London Stock Exchange, AIM 
       the transaction 
     ------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                           Samantha Moss 
     ------------------------  ----------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Position/status                Director 
     ------------------------  ----------------------------------------- 
 b)   Initial                   Initial notification 
       notification 
       /Amendment 
     ------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------- 
 a)   Name                      Anexo Group plc 
     ------------------------  ----------------------------------------- 
 b)   LEI                       213800CJHD5C8M4MEY87 
     ------------------------  ----------------------------------------- 
 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               Ordinary Shares of 0.05p each 
       of the financial 
       instrument, 
       type of                   ISIN: GB00BF2G3L29 
       instrument 
       Identification 
       code 
     ------------------------  ----------------------------------------- 
 b)   Nature of                 Sale of ordinary shares 
       the transaction 
     ------------------------  ----------------------------------------- 
 c)   Price(s)                    Price       No. of shares 
       and volume(s)                    150p   10,209,244 
                                              -------------- 
     ------------------------  ----------------------------------------- 
 d)   Aggregated 
       information                Volume: 10,209,244 
       -volume                    Weighted average price: 150p 
       - Price 
     ------------------------  ----------------------------------------- 
 e)   Date of                   2 March 2021 
       the transaction 
     ------------------------  ----------------------------------------- 
 f)   Place of                  London Stock Exchange, AIM 
       the transaction 
     ------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Valentina Slater 
     ---------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status                   Director of subsidiary 
     ---------------------------  -------------------------------------------- 
 b)   Initial                      Initial notification 
       notification 
       /Amendment 
     ---------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                         Anexo Group plc 
     ---------------------------  -------------------------------------------- 
 b)   LEI                          213800CJHD5C8M4MEY87 
     ---------------------------  -------------------------------------------- 
 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                  Ordinary Shares of 0.05p each 
       of the financial 
       instrument, 
       type of                      ISIN: GB00BF2G3L29 
       instrument 
       Identification 
       code 
     ---------------------------  -------------------------------------------- 
 b)   Nature of                    Sale of ordinary shares 
       the transaction 
     ---------------------------  -------------------------------------------- 
 c)   Price(s)                       Price       No. of shares 
       and volume(s)                       150p   2,010,705 
                                                 -------------- 
     ---------------------------  -------------------------------------------- 
 d)   Aggregated 
       information                   Volume: 2,010,705 
       volume                        Weighted average price: 150p 
       - Price 
     ---------------------------  -------------------------------------------- 
 e)   Date of                      2 March 2021 
       the transaction 
     ---------------------------  -------------------------------------------- 
 f)   Place of                     London Stock Exchange, AIM 
       the transaction 
     ---------------------------  -------------------------------------------- 
 

-Ends-

For further enquiries:

 
 Anexo Group plc                                +44 (0) 151 227 3008 
                                                 www.anexo-group.com 
 Alan Sellers, Executive Chairman 
  Mark Bringloe, Chief Financial Officer 
  Nick Dashwood Brown, Head of Investor 
  Relations 
 Arden Partners plc 
  (Nominated Adviser and Broker) 
 John Llewellyn-Lloyd / Benjamin                +44 (0) 20 7614 5900 
  Cryer (Corporate)                         www.arden-partners.co.uk 
  Tim Dainton (Equity Sales) 
 Berenberg 
  (Joint Broker) 
 Mark Whitmore / Yudith Karunaratna             +44 (0) 20 3207 7800 
                                                 www.berenberg.de/en 
 

Notes to Editors:

Anexo is a specialist integrated credit hire and legal services provider. The Group has created a unique business model by combining a direct capture Credit Hire business with a wholly owned Legal Services firm. The integrated business targets the impecunious not at fault motorist, referring to those who do not have the financial means or access to a replacement vehicle.

Through its dedicated Credit Hire sales team and network of 1,100 plus active introducers around the UK, Anexo provides customers with an end-to-end service including the provision of Credit Hire vehicles, assistance with repair and recovery, and claims management services. The Group's Legal Services division, Bond Turner, provides the legal support to maximise the recovery of costs through settlement or court action as well as the processing of any associated personal injury claim.

For additional information, please visit: www.anexo-group.com

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END

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March 03, 2021 02:00 ET (07:00 GMT)

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