Bigblu Broadband
plc
("BBB" or the "Company")
Director Dealings, Issue of
Equity and Total Voting Rights
Exercise of LTIP awards (acquisition of shares) together with
Further Director Dealings
Bigblu Broadband plc (AIM: BBB.L), a
leading provider of alternative super-fast broadband services,
announces that, on 19 September 2024, Frank Waters, Chief Executive
Officer of BBB, exercised options over 131,658 ordinary shares of
15 pence each in the Company ("Ordinary Shares") at a price of 15p
per share under the Bigblu Broadband Long Term Incentive Plan 2018
(the "LTIP").
Immediately following the exercise
of his LTIP options on 19 September 2024, Frank Waters sold 131,658
Ordinary Shares at a price of £0.31 per share and then purchased
into his self-invested personal pension account ("SIPP") a total of
131,658 Ordinary Shares at a price of £0.31 per share.
Following the above transactions
(further details of which are provided below), Frank Waters has
increased his beneficial interest to 456,748 Ordinary Shares,
representing 0.776% of the Company's issued share
capital.
Issue of Equity and Total Voting Rights
In order to satisfy the above
exercises of LTIP options, the Company has issued and allotted
131,658 Ordinary Shares. Application will be made for these new
Ordinary Shares to be admitted to trading on AIM and dealings are
expected to commence on or around 26 September 2024.
The new Ordinary Shares will rank
pari passu with the existing shares of the Company. Following the
exercise of the options, the Company's issued share capital
consists of 58,847,018 Ordinary Shares. Accordingly, the figure of
58,847,018 may be used by shareholders as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency
Rules.
For
further information
|
Bigblu Broadband Group PLC
|
www.bbb-plc.com
|
|
Frank Waters, Chief Executive
Officer
|
www.bbb-plc.com
|
|
Cavendish Capital Markets Limited (Nomad and
Broker)
Marc Milmo / Simon Hicks (Corporate
Finance)
Tim Redfern / Harriet Ward
(ECM)
|
Tel: +44 (0)20 7220 0500
|
About BBB
Bigblu Broadband plc (AIM: BBB.L),
is a market leading provider of alternative superfast and ultrafast
broadband solutions throughout Australia. BBB delivers a portfolio
of superfast and ultrafast wireless broadband products for
consumers and businesses.
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, GEO and LEO, next generation fixed wireless and 4G/5G
FWA delivering between 30 Mbps and 500Mbps for consumers, and up to
1 Gbps for businesses. BBB provides customers with 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 services.
BBB's alternative broadband offerings present a customer experience
that is broadly similar to that offered by wired broadband and the
connection can be shared in the normal way with PCs, tablets and
smart phones.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Frank Waters
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Bigblu Broadband PLC
|
|
b)
|
LEI
|
2138008P6X5EX455KU41
|
|
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
|
Ordinary Shares of £0.15
each
GB00BD5JMP10
|
|
b)
|
Nature of the transaction
|
Exercise of options granted under the
LTIP
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.15
|
131,658
|
|
|
d)
|
Aggregated information
-Aggregated volume
- Aggregate value
|
131,658
£19,748.70
|
|
e)
|
Date of the transaction
|
19 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|
|
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
|
Ordinary Shares of £0.15
each
GB00BD5JMP10
|
|
b)
|
Nature of the transaction
|
Sale of
Ordinary Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.31
|
131,658
|
|
|
d)
|
Aggregated information
-Aggregated volume
- Aggregate value
|
131,658
£40,813.98
|
|
e)
|
Date of the transaction
|
19 September 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
|
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
|
Ordinary Shares of £0.15
each
GB00BD5JMP10
|
|
b)
|
Nature of the transaction
|
Purchase of
Ordinary Shares via SIPP
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.31
|
131,658
|
|
|
d)
|
Aggregated information
-Aggregated volume
- Aggregate value
|
131,658
£40,813.98
|
|
e)
|
Date of the transaction
|
19 September 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
