TIDMD4T4
RNS Number : 5138T
D4T4 Solutions PLC
21 March 2019
D4t4 Solutions Plc
(the "Company" or "D4t4")
'ALL ABOUT THE DATA'
'SOLUTIONS FOR COMPLEX DATA PROBLEMS'
Exercise of options, Issue of Equity, Transaction in Own Shares,
Total Voting Rights, Directors' Dealings
and Share Buyback Programme
D4t4 Solutions Plc (AIM: D4T4) announces that on 21 March 2019,
the Company issued and allotted 1,255,482 new ordinary shares of 2
pence each in the Company ("New Ordinary Shares") pursuant to the
exercise of options by certain Directors and employees of the
Company as outlined below (the "Options Exercise"). Following such
Options Exercise, certain of the Directors and employees have
agreed to sell 435,882 of the New Ordinary Shares to the Company at
a price of 237.5 pence per New Ordinary Share, conditional upon
admission of the New Ordinary Shares to AIM which is expected to
take place on 21 March 2019. The New Ordinary Shares so purchased
will be held in treasury by the Company and will be used to satisfy
future exercises of share options.
Name Position Exercise Number of Number of Resultant
Price Ordinary Ordinary Beneficial
Shares Exercised Shares Sold Holding
Chief Executive
Peter Kear Officer 18.5p 35,000 - 1,665,752
------------------ --------- ------------------ ------------- ------------
Chief Executive
Peter Kear Officer 51.0p 400,000 110,000
------------------ --------- ------------------ ------------- ------------
Chief Technology
Jim Dodkins Officer 51.0p 400,000 200,000 690,266
------------------ --------- ------------------ ------------- ------------
Non-Executive
John Lythall Director 51.0p 380,000 100,000 2,213,960
------------------ --------- ------------------ ------------- ------------
Following the Options Exercise the Company has 1,790,455 options
over Ordinary Shares outstanding.
Related Party Transaction
The purchase of New Ordinary Shares by the Company into treasury
from Peter Kear, Jim Dodkins and John Lythalll is considered a
related party transaction pursuant to Rule 13 of the AIM Rules for
Companies ("AIM Rules") (the "Transaction"). Accordingly, Carmel
Warren, Mark Boxall, Matthew Tod, Peter Simmonds, Roger McDowell
and Peter Whiting who are independent directors for the purposes of
the Transaction, consider, having consulted with finnCap Ltd, the
Company's Nominated Adviser for the purposes of the AIM Rules, that
the terms of the Transaction are fair and reasonable insofar as
shareholders are concerned.
Total Voting Rights
Application has been made for the 1,255,482 New Ordinary Shares
to be admitted to trading on AIM ("Admission") and dealings are
expected to commence on 27 March 2019. The New Ordinary Shares will
rank pari passu with the Company's existing Ordinary Shares.
The total number of Ordinary Shares in issue following Admission
will be 39,700,889 Ordinary Shares, with 458,880 Ordinary Shares
held in treasury. Consequently, the total voting rights of the
Company is 39,242,009.
The above voting rights figure of 39,242,009 may be used by
shareholders as the denominator for the calculations by which they
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.
Share Buy-back Programme
The Company also announces that with immediate effect it will
commence a share buy-back programme in relation to up to 100,000
Ordinary Shares (the "Buy-back").
The Company has today irrevocably instructed finnCap Ltd
("finnCap") to manage the Buy-back on its behalf during the period
commencing today and ending on 24 April 2019, or when the maximum
number of Ordinary Shares have been purchased, if earlier. finnCap
will retain full discretion in relation to any decisions to
purchase Ordinary Shares.
Any Buy-backs will be effected in accordance with the terms of
the Company's general authority to make market purchases of its own
Ordinary Shares granted to it by shareholders on 23 August 2018,
including that the maximum price paid per Ordinary Share is to be
no more than 105 per cent. of the average middle market closing
price of an Ordinary Share for the five business days preceding the
date of any Buy-back.
The Company intends to hold all Ordinary Shares so purchased in
treasury for the purpose of satisfying future obligations in
relation to its employees' or other share schemes.
Due to the limited liquidity in the issued Ordinary Shares, a
buy-back of Ordinary Shares pursuant to the Authority on any given
trading day is likely to represent a significant proportion of the
daily trading volume in the Ordinary Shares on AIM and is likely to
exceed 25 per cent. of the average daily trading volume and,
accordingly, the Company will not benefit from the exemption
contained in Article 5(1) of Regulation (EU) No. 596/2014.
The Company will make further announcements in due course
following any share repurchases.
ENQUIRIES
D4t4 Solutions Plc
Peter Kear, Chief Executive Officer
Carmel Warren, Chief Financial Officer
Tel: +44 (0) 1932 893333
email: moreinfo@d4t4solutions.com
finnCap
(Nominated adviser & broker)
Julian Blunt/ Hannah Boros - Corporate Finance
Alice Lane - ECM
Tel: +44 (0) 20 7220 0500
TooleyStreet Communications
(IR & media relations)
Fiona Tooley:
Tel: +44 (0) 7785 703523
or email: fiona@tooleystreet.com
About D4t4 Solutions Plc
AIM: D4T4
D4t4 Solutions Plc is "ALL ABOUT THE DATA."
We are energetically focused on solutions that enable clients
who operate from within the financial services, retail,
electronics and telecommunications sectors to get the most
from their data. From collection, through to management
and analysis, we provide comprehensive products and services
that drive value from our clients' information assets. We
are accredited in ISO27001: Information Security Management
and PCI Data Security Standard.
To find out more, visit www.d4t4solutions.com
The below notification is made in accordance with the
requirements of the EU Market Abuse Regulation.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Peter Kear
------------------------------------------------------------- ----------------------------------
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: D4T4 Solutions Plc
------------------------------------------------------------- ----------------------------------
b) LEI: 213800HP3XUS3KTGWT63
------------------------------------------------------------- ----------------------------------
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: Ordinary Shares of 2 pence each
Identification code: GB0001351955
------------------------------------------------------------- ----------------------------------
b) Nature of the transaction: Exercise of options over Ordinary
Shares
------------------------------------------------------------- ----------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
18.5 pence 35,000
----------
51 pence 400,000
----------
------------------------------------------------------------- ----------------------------------
d) Aggregated information: Price(s) Volume(s)
* Aggregated volume: 18.5 pence 35,000
----------
51 pence 400,000
* Price: ----------
------------------------------------------------------------- ----------------------------------
e) Date of the transaction: 21/03/2019
------------------------------------------------------------- ----------------------------------
f) Place of the transaction: Off market transaction
------------------------------------------------------------- ----------------------------------
X
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Peter Kear
----------------------------------------- ---------------------------------------
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: D4T4 Solutions Plc
----------------------------------------- ---------------------------------------
b) LEI: 213800HP3XUS3KTGWT63
----------------------------------------- ---------------------------------------
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, Ordinary Shares of 2
type of instrument: pence each
Identification code: GB0001351955
----------------------------------------- ---------------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
----------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
237.5 pence 110,000
----------
----------------------------------------- ---------------------------------------
d) Aggregated information: Single transaction as
* Aggregated volume: in 4c) above Price(s) Volume(s)
237.5 pence 110,000
----------
* Price:
----------------------------------------- ---------------------------------------
e) Date of the transaction: 21/03/2019
----------------------------------------- ---------------------------------------
f) Place of the transaction: Off market transaction
----------------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jim Dodkins
----------------------------------------- ------------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position/status: Chief Technology Officer
----------------------------------------- ------------------------------------
b) Initial notification/Amendment: Initial Notification
----------------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name: D4T4 Solutions Plc
----------------------------------------- ------------------------------------
b) LEI: 213800HP3XUS3KTGWT63
----------------------------------------- ------------------------------------
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, Ordinary Shares of 2
type of instrument: pence each
Identification code: GB0001351955
----------------------------------------- ------------------------------------
b) Nature of the transaction: Exercise of options over
Ordinary Shares
----------------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
51 pence 400,000
----------
----------------------------------------- ------------------------------------
d) Aggregated information: Single transaction as
* Aggregated volume: in 4c) above Price(s) Volume(s)
51 pence 400,000
----------
* Price:
----------------------------------------- ------------------------------------
e) Date of the transaction: 21/03/2019
----------------------------------------- ------------------------------------
f) Place of the transaction: Off market transaction
----------------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Jim Dodkins
------------------------------------------------------------- --------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------------------
a) Position/status: Chief Technology Officer
------------------------------------------------------------- --------------------------------
b) Initial notification/Amendment: Initial Notification
------------------------------------------------------------- --------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------------
a) Name: D4T4 Solutions Plc
------------------------------------------------------------- --------------------------------
b) LEI: 213800HP3XUS3KTGWT63
------------------------------------------------------------- --------------------------------
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: Ordinary Shares of 2 pence each
Identification code: GB0001351955
------------------------------------------------------------- --------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
------------------------------------------------------------- --------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
237.5 pence 200,000
----------
------------------------------------------------------------- --------------------------------
d) Aggregated information: Single transaction as in 4c)
* Aggregated volume: above Price(s) Volume(s)
237.5 pence 200,000
----------
* Price:
------------------------------------------------------------- --------------------------------
e) Date of the transaction: 21/03/2019
------------------------------------------------------------- --------------------------------
f) Place of the transaction: Off market transaction
------------------------------------------------------------- --------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: John Lythall
----------------------------------------- ------------------------------------
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: D4T4 Solutions Plc
----------------------------------------- ------------------------------------
b) LEI: 213800HP3XUS3KTGWT63
----------------------------------------- ------------------------------------
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, Ordinary Shares of 2
type of instrument: pence each
Identification code: GB0001351955
----------------------------------------- ------------------------------------
b) Nature of the transaction: Exercise of options over
Ordinary Shares
----------------------------------------- ------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
51 pence 380,000
----------
----------------------------------------- ------------------------------------
d) Aggregated information: Single transaction as
* Aggregated volume: in 4c) above Price(s) Volume(s)
51 pence 380,000
----------
* Price:
----------------------------------------- ------------------------------------
e) Date of the transaction: 21/03/2019
----------------------------------------- ------------------------------------
f) Place of the transaction: Off market transaction
----------------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: John Lythall
------------------------------------------------------------- --------------------------------
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: D4T4 Solutions Plc
------------------------------------------------------------- --------------------------------
b) LEI: 213800HP3XUS3KTGWT63
------------------------------------------------------------- --------------------------------
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: Ordinary Shares of 2 pence each
Identification code: GB0001351955
------------------------------------------------------------- --------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
------------------------------------------------------------- --------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
237.5 pence 100,000
----------
------------------------------------------------------------- --------------------------------
d) Aggregated information: Single transaction as in 4c)
* Aggregated volume: above Price(s) Volume(s)
237.5 pence 100,000
----------
* Price:
------------------------------------------------------------- --------------------------------
e) Date of the transaction: 21/03/2019
------------------------------------------------------------- --------------------------------
f) Place of the transaction: Off market transaction
------------------------------------------------------------- --------------------------------
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END
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