TIDMBBB

RNS Number : 8997Z

Bigblu Broadband PLC

16 January 2024

Bigblu Broadband plc

("BBB" or the "Company" or the "Group")

Director/PDMR Shareholding

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative superfast and ultrafast broadband solutions throughout Australasia and the Nordics, announces that the Company has been informed that certain investment vehicles connected with Christopher Mills, Non-Executive Director have purchased 62,250 Ordinary Shares at a price of 41.00p per Ordinary Share on 15 January 2024.

Following the purchase, Christopher Mills and the investment vehicles connected with him are interested in 14,900,000 Ordinary Shares, representing 25.48% of the Company's issued share capital.

For further information:

 
 Bigblu Broadband Group PLC                   www.bbb-plc.com 
 Andrew Walwyn, Chief Executive Officer        Tel: +44 (0)20 7220 
  Frank Waters, Chief Financial Officer         0500 
 finnCap (Nomad and Broker)                   Tel: +44 (0)20 7220 
  Marc Milmo / Simon Hicks / Charlie Beeson    0500 
  (Corporate Finance) 
  Tim Redfern / H arriet Ward (ECM)

About Bigblu Broadband plc

Bigblu Broadband plc (AIM: BBB.L), is a leading provider of alternative superfast and ultrafast broadband solutions throughout Australasia and the Nordics. BBB delivers a portfolio of superfast and ultrafast wireless broadband products for consumers and businesses unserved or underserved by fibre.

High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative ultrafast broadband services increases around the world.

BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G FWA delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers a full range of services including hardware supply, installation, pre-and post-sale support, billings and collections, whilst offering appropriate tariffs depending on each end user's requirements.

Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for broadband and broadband services. BBB's alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart phones via a normal wired or wireless route

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name 
                                                  North Atlantic Smaller Companies 
                                                  Investment Trust plc * 
      ---------------------------------------  ---------------------------------------- 
       Reason for the notification 
  2 
      --------------------------------------------------------------------------------- 
 a)    Position/status                          North Atlantic Smaller Companies 
                                                 Investment Trust plc is a PCA of 
                                                 Christopher Mills, Non-Executive 
                                                 Director of Bigblu Broadband Plc 
      ---------------------------------------  ---------------------------------------- 
 b)    Initial notification                     Initial Notification 
        /Amendment 
      ---------------------------------------  ---------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------------- 
 a)    Name                                     Bigblu Broadband Plc 
      ---------------------------------------  ---------------------------------------- 
 b)    LEI                                      2138008P6X5EX455KU41 
      ---------------------------------------  ---------------------------------------- 
       Details of the transaction(s): section to be repeated 
  4     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                       Ordinary shares of GBP0.15 each 
        financial instrument, 
        type of instrument 
 
       Identification code                      GB00BD5JMP10 
 
 b)    Nature of the transaction                Share purchase 
      ---------------------------------------  ---------------------------------------- 
 c)    Price(s) and volume(s) 
                                                -----------------  ------------------ 
                                                 Price(s)           Volume(s) 
                                                -----------------  ------------------ 
                                                 0.41               62,250 
                                                -----------------  ------------------ 
 
 d)    Aggregated information 
 
  - Aggregated volume                      62,250 
 
  - Price                                  GBP25,522.50 
 
 e)    Date of the transaction                  15 January 2024 
      ---------------------------------------  ---------------------------------------- 
 f)    Place of the transaction                 London Stock Exchange 
      ---------------------------------------  ----------------------------------------

*Christopher Mills is partner and Chief Investment Officer of Harwood Capital LLP. Harwood Capital LLP is Investment Manager to North Atlantic Smaller Companies Investment Trust plc and investment adviser to Oryx International Growth Fund Limited. Christopher Mill's shareholding is made up of ordinary shares held by North Atlantic Smaller Companies Investment Trust PLC, Oryx International Growth Fund Limited and Harwood Capital LLP.

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END

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January 16, 2024 12:10 ET (17:10 GMT)

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