Arena Events Group PLC Director/PDMR Dealing (1635B)
January 08 2018 - 1:00AM
UK Regulatory
TIDMARE
RNS Number : 1635B
Arena Events Group PLC
08 January 2018
8(th) January 2018
Arena Events Group plc
(the "Company" or the "Group")
Director/PDMR Dealing
Exercise of Option Agreement
and
Issue of Equity
Arena Events Group plc (AIM: ARE) announces that on 5(th)
January 2018 the Company exercised its call option in relation to
the remaining loan notes in issue by the Group, held by Greg
Lawless, CEO, and Gaitsford Investments Limited (a company owned
and controlled by Greg Lawless) ("Gaitsford"). Accordingly Greg
Lawless and Gaitsford have each sold the retained principal and
accrued interest on the loan notes back to the Group and used the
proceeds of such sale to subscribe for an aggregate of 2,513,541
new ordinary shares of 1p each ("New Ordinary Shares") to be issued
by the Company. The New Ordinary Shares have a value equivalent to
GBP1,382,448 at the price of 55p per share, representing the
placing price of the Group's initial public offering.
Application has been made for the New Ordinary Shares to be
admitted to trading on AIM and dealings are expected to commence on
11 January 2018. Upon issue of the New Ordinary Shares, the total
number of shares in issue and total voting rights will be
117,153,481. This figure may be used by shareholders in the Company
as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company.
As a result of the call option exercise, Greg Lawless will have
a total beneficial holding of 6,640,755 ordinary shares in the
Company, representing 5.7% of the Company's then issued share
capital.
Further information is disclosed below pursuant to Article 19 of
the Market Abuse Regulation.
1 Details of the person discharging managerial
responsibilities / person closely associated
---- ---------------------------------------------------------------
a) Name 1. Greg Lawless
2. Gaitsford Investments
Limited
---- -------------------------- -----------------------------------
2 Reason for the notification
---- ---------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Person closely associated
with Greg Lawless
---- -------------------------- -----------------------------------
b) Initial notification Initial
/Amendment
---- -------------------------- -----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- ---------------------------------------------------------------
a) Name Arena Events Group plc
---- -------------------------- -----------------------------------
b) LEI 213800Z94NF6F4C9AD43
---- -------------------------- -----------------------------------
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 Ordinary Shares of 1p each
the financial
instrument, type
of instrument
ISIN: GB00BF0HYJ24
Identification
code
---- -------------------------- -----------------------------------
b) Nature of the Subscription of new ordinary
transaction shares
---- -------------------------- -----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------- ----------
1. 55p 2,302,620
2. 55p 210,921
------------- ----------
---- -------------------------- -----------------------------------
Aggregated information
- Aggregated volume
2,513,541
d) - Price 55p
---- -------------------------- -----------------------------------
e) Date of the transaction 5 January 2018
---- -------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
---- -------------------------- -----------------------------------
Ends
Enquiries
Arena Events Group plc: 0203 770 3838
Greg Lawless, CEO
Piers Wilson, FD
Cenkos: 020 7397 8900
Max Hartley, Camilla Hume
(NOMAD)
Julian Morse (Sales)
Alma PR: 020 8004 4219
John Coles
Josh Royston
Helena Bogle
This information is provided by RNS
The company news service from the London Stock Exchange
END
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