TIDMCIP

RNS Number : 7443O

CIP Merchant Capital Ltd

04 October 2019

4 October 2019

CIP Merchant Capital Limited

("CIP Merchant Capital" or the "Company")

Directors' Dealing

CIP Merchant Capital (AIM: CIP), a closed-ended investment company, announces that it has been informed that Goldfinch SA acquired ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") on 3 October 2019 as shown in the table below. Goldfinch SA is wholly owned in equal proportion by Carlo Sgarbi and Marco Fumagalli, both of whom are directors of the Company.

 
        Directors          Number of Ordinary   Price per Ordinary   Resultant Holding    % of Issued 
                             Shares Acquired      Share Acquired        of Ordinary       Share Capital 
                                                       (GBP)               Shares 
 
       Goldfinch SA 
       (wholly owned 
    in equal proportion 
      by Carlo Sgarbi 
   and Marco Fumagalli)         730,000                0.60              3,961,527           7.20% 
                          -------------------  -------------------  ------------------  ---------------

For further information, please contact:

 
Merchant Capital Manager Limited (Investment Manager) 
 Marco Fumagalli                                        +41 91 225 25 
 Carlo Sgarbi                                            60 
Strand Hanson Limited (Financial & Nominated Adviser 
 and Broker) 
 Richard Tulloch 
 James Bellman                                          +44 20 7409 3494

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

PDMR Notification Forms

The notifications below are made in accordance with the requirements of MAR.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Carlo Sgarbi and Marco Fumagalli 
     --------------------------------  ------------------------------------- 
 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                              CIP Merchant Capital Limited 
     --------------------------------  ------------------------------------- 
 b)   LEI                               213800HBX752BGRVV870 
     --------------------------------  ------------------------------------- 
 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      Ordinary shares of 1 penny each 
       instrument, type of instrument 
     --------------------------------  ------------------------------------- 
      Identification code               GG00BF8NW879 
     --------------------------------  ------------------------------------- 
 b)   Nature of the Transaction         Purchase of ordinary shares - market 
                                         transaction 
     --------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP0.60     730,000 
                                                     ---------- 
     --------------------------------  ------------------------------------- 
 d)   Aggregated information            N/A (Single transaction) 
       Aggregated volume Price 
     --------------------------------  ------------------------------------- 
 e)   Date of the transaction           3 October 2019 
     --------------------------------  ------------------------------------- 
 f)   Place of the transaction          London Stock Exchange, AIM Market 
                                         (XLON) 
     --------------------------------  -------------------------------------

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

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

DSHUGGBAUUPBGMW

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October 04, 2019 02:00 ET (06:00 GMT)

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