TIDMBOTB
RNS Number : 2227U
Best of the Best PLC
01 April 2021
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE
RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR
ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND
SHALL NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION,
RECOMMATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR,
OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN BEST OF THE BEST
PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS
ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS
OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN
RESPECT OF BEST OF THE BEST PLC. PLEASE SEE THE IMPORTANT NOTICE AT
THE OF THIS ANNOUNCEMENT.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 596/2014 ("MAR"). IN ADDITION, MARKET
SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF
THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT
CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS
PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS
INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND
SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE
INFORMATION.
Best of the Best plc
("Best of the Best", "BOTB", the "Company" or the "Group")
Result of Secondary Placing
Exercise of Options
Director Shareholdings
and Total Voting Rights
Best of the Best PLC (LSE: BOTB), the provider of online
competitions to win cars and other prizes, announces that it has
been informed by the Selling Directors that, further to the
announcement made at 6.00 p.m. on 31 March 2021 (the "ABB
Announcement"), they have successfully sold a total of 2,469,352
Placing Shares at a price of GBP24.00 per Placing Share via an
oversubscribed Placing. The Placing Shares in aggregate represent
approximately 26.6 per cent. of the Company's issued share capital
prior to the exercise of options.
Additionally, a further 41,666 Ordinary Shares have been sold at
the Placing Price via the PrimaryBid Offer.
On completion of the Placing and the PrimaryBid Offer, the
Selling Directors will have the following resultant
shareholdings:
Resultant holding
Director Current shareholding Number of Ordinary Shares % of issued
Ordinary Shares share capital
sold*
--------------------- ----------------- ---------------- ---------------
William Hindmarch 2,375,658 858,672 1,516,986 16.1%
--------------------- ----------------- ---------------- ---------------
Philippa Hindmarch 2,350,000 849,398 1,500,602 15.9%
--------------------- ----------------- ---------------- ---------------
Rupert Garton 1,389,467 502,217 887,250 9.4%
--------------------- ----------------- ---------------- ---------------
Michael Hindmarch 832,023 300,731 531,292 5.6%
--------------------- ----------------- ---------------- ---------------
*Including the PrimaryBid Shares
Further Director Dealings
Pursuant to the Placing, Daniel Burns, Non-Executive Director of
the Company, purchased 20,833 Ordinary Shares at the Placing Price.
Following his purchase, Daniel Burns has an interest in 20,833
Ordinary Shares representing approximately 0.22 per cent. of the
issued share capital following Admission.
In addition, on 31 March 2021, the Company issued and allotted
30,648 new Ordinary Shares following the exercise of options by Ben
Hughes, Marketing Director, under the Company's share scheme.
Further to the exercise, Mr Hughes has subsequently sold the 30,648
Ordinary Shares at the Placing Price. Following this transaction,
Mr Hughes has an interest in 44,791 Ordinary Shares, representing
approximately 0.48 per cent. of the issued share capital following
Admission.
Total Voting Rights
The new 30,648 Ordinary Shares issued pursuant to the exercise
of options by Mr Hughes will fall under the Company's block listing
("Admission"). Following Admission, the total number of Ordinary
Shares in issue will be 9,412,901 and the total number of voting
rights will therefore be 9,412,901. This figure 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 share capital of the Company
under the FCA's Disclosure and Transparency Rules.
The notification at the end of this announcement, set out in
accordance with the requirements of the EU Market Abuse Regulation,
provides further details of the transactions.
The Selling Directors have entered into a secondary placing
agreement with finnCap to act as sole Bookrunner. Any Ordinary
Shares held by the Selling Directors are now subject to a lock-in
which ends 180 days following this announcement (subject to waiver
by finnCap and to certain customary exceptions).
The Placing was conducted through an accelerated bookbuild by
finnCap Ltd ("finnCap") acting as bookrunner. Proceeds of the
Placing are payable in cash on usual settlement terms and 2,394,968
Placing Shares are expected to settle on a T+5 basis on or around
12 April 2021 with the remaining 105,032 Placing Shares expected to
settle on or around 14 April 2021. The Company is not a party to
the Placing and will not receive any proceeds from the Placing.
Capitalised terms in this announcement shall have the same
meaning ascribed to them as in the ABB Announcement unless the
context requires otherwise.
For further information contact:
Enquiries:
Best of the Best plc William Hindmarch, Chief Executive T: 020 7371 8866
Rupert Garton, Commercial Director
Buchanan Chris Lane T: 020 7466 5000
Toto Berger
Charlotte Slater
finnCap Corporate Finance T: 020 7220 0500
(Nominated Adviser and Broker) Carl Holmes
Kate Bannatyne
Teddy Whiley
ECM
Alice Lane
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 William Hindmarch
------------------------------- ---------------------------------------
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 Best of the Best plc
------------------------------- ---------------------------------------
b) LEI 213800A7RTSCF8IWQ247
------------------------------- ---------------------------------------
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 5 pence each in
Financial instrument, the capital of the company ("Ordinary
type of instrument Shares")
Identification code GB00B16S3505
------------------------------- ---------------------------------------
b) Nature of the transaction Sale of Ordinary Shares
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Sale Price(s) Volume(s)
GBP24.00 858,672
----------
------------------------------- ---------------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 1 April 2021
------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Philippa Hindmarch
------------------------------- ---------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status PCA to 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 Best of the Best plc
------------------------------- ---------------------------------------
b) LEI 213800A7RTSCF8IWQ247
------------------------------- ---------------------------------------
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 5 pence each in
Financial instrument, the capital of the company ("Ordinary
type of instrument Shares")
Identification code GB00B16S3505
------------------------------- ---------------------------------------
b) Nature of the transaction Sale of Ordinary Shares
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Sale Price(s) Volume(s)
GBP24.00 849,398
----------
------------------------------- ---------------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 1 April 2021
------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rupert Garton
------------------------------- ---------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status Commercial Director
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Best of the Best plc
------------------------------- ---------------------------------------
b) LEI 213800A7RTSCF8IWQ247
------------------------------- ---------------------------------------
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 5 pence each in
Financial instrument, the capital of the company ("Ordinary
type of instrument Shares")
Identification code GB00B16S3505
------------------------------- ---------------------------------------
b) Nature of the transaction Sale of Ordinary Shares
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Sale Price(s) Volume(s)
GBP24.00 502,217
----------
------------------------------- ---------------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 1 April 2021
------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael Hindmarch
------------------------------- -----------------------------------------
2. Reason for the Notification
--------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------------- -----------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- -----------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------
a) Name Best of the Best plc
------------------------------- -----------------------------------------
b) LEI 213800A7RTSCF8IWQ247
------------------------------- -----------------------------------------
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 5 pence each in
Financial instrument, the capital of the company ("Ordinary
type of instrument Shares")
Identification code GB00B16S3505
------------------------------- -----------------------------------------
b) Nature of the transaction Sale of Ordinary Shares
------------------------------- -----------------------------------------
c) Price(s) and volume(s) Sale Price(s) Volume(s)
GBP24.00 300,731
----------
------------------------------- -----------------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- -----------------------------------------
e) Date of the transaction 1 April 2021
------------------------------- -----------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
------------------------------- -----------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Daniel Burns
------------------------------- ---------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status Non-Executive Director
------------------------------- ---------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Best of the Best plc
------------------------------- ---------------------------------------
b) LEI 213800A7RTSCF8IWQ247
------------------------------- ---------------------------------------
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 5 pence each in
Financial instrument, the capital of the company ("Ordinary
type of instrument Shares")
Identification code GB00B16S3505
------------------------------- ---------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
------------------------------- ---------------------------------------
c) Price(s) and volume(s) Purchase Price(s) Volume(s)
GBP24.00 20,833
----------
------------------------------- ---------------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ---------------------------------------
e) Date of the transaction 1 April 2021
------------------------------- ---------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ben Hughes
------------------------------- ---------------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------------
a) Position/status Marketing Director
------------------------------- ---------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- ---------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------------
a) Name Best of the Best plc
------------------------------- ---------------------------------------------
b) LEI 213800A7RTSCF8IWQ247
------------------------------- ---------------------------------------------
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 5 pence each in
Financial instrument, the capital of the company ("Ordinary
type of instrument Shares")
Identification code GB00B16S3505
------------------------------- ---------------------------------------------
b) Nature of the transaction Exercise of Options and Sale of Ordinary
Shares
------------------------------- ---------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Exercise of
Options GBP2.25 30,648
---------- ----------
Sale of Ordinary
Shares GBP24.00 30,648
---------- ----------
------------------------------- ---------------------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- ---------------------------------------------
e) Date of the transaction 1 April 2021
------------------------------- ---------------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------- ---------------------------------------------
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