Beeks Financial Cloud Group PLC Result of Secondary Placing (9798P)
October 15 2019 - 10:04AM
UK Regulatory
TIDMBKS
RNS Number : 9798P
Beeks Financial Cloud Group PLC
15 October 2019
Beeks Financial Cloud Group plc
Result of Secondary Placing
Beeks Financial Cloud Group plc (the "Company") confirms that
further to the announcement released earlier today Gordon McArthur,
Chief Executive Officer of the Company, has sold 2,640,484 Ordinary
Shares in the Company at a price of 84 pence per share to certain
institutional investors.
Following the transaction, Gordon McArthur has a beneficial
interest in a total of 27,475,193* Ordinary Shares, representing
approximately 54.02 per cent of the issued share capital of the
Company.
Mr McArthur has agreed not to dispose of any of his remaining
shareholding for a period of at least 12 months.
*Includes 740,000 Ordinary Shares held by Gordon McArthur's
wife, Claire McArthur, representing 1.45 per cent. of the issued
share capital
For further information please contact:
Beeks Financial Cloud Group
plc
Gordon McArthur, CEO via Alma PR
Fraser McDonald, CFO
+44(0)131 220
Cenkos Securities plc 6939
Derrick Lee / Peter Lynch
+44(0)20 3405
Alma PR 0212
Caroline Forde / Josh Royston
/ Helena Bogle
ABOUT BEEKS FINANCIAL CLOUD
Beeks Financial Cloud is a UK-based low-latency
Infrastructure-as-a-Service (IaaS) provider for automated trading
in Forex, Futures, Equities, Fixed income and cryptocurrency
financial products. With eleven data centres globally and
low-latency connectivity between sites, the Beeks Financial Cloud
focuses on reducing barriers to entry and time to market for
institutional clients. For more information, visit:
www.beeksfinancialcloud.com.
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 Gordon McArthur
------------------------------- -------------------------------------
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 Beeks Financial Cloud Group plc
------------------------------- -------------------------------------
b) LEI 213800XD729OTYVOMR79
------------------------------- -------------------------------------
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 Ordinary shares of 0.125 pence each
Financial instrument,
type of instrument
------------------------------- -------------------------------------
Identification code GB00BZ0X8W18
------------------------------- -------------------------------------
b) Nature of the Transaction Sale of Ordinary Shares
------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
84 pence 2,640,484
----------
------------------------------- -------------------------------------
d) Aggregated information n/a
Aggregated volume Price
------------------------------- -------------------------------------
e) Date of the transaction 15 October 2019
------------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM (LON:BKS)
------------------------------- -------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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