TIDMDGS

RNS Number : 0168P

Digital Globe Services Limited

11 November 2016

Digital Globe Services, Ltd.

(the "Company", the "Group" and together with its subsidiaries "DGS")

Director Share Dealing

Digital Globe Services, Ltd. (AIM: DGS), a leading provider of digital marketing solutions for large, consumer-facing organisations, was yesterday notified that David Flowers, a Non-Executive Director of the Company, sold 69,000 ordinary shares of $0.001 each in the Company at an average price of $0.708 or 57.0 pence per ordinary share. Following this transaction, Mr. Flowers no longer has a holding in the Company.

The Company also notes from the announcement on 21 October 2016 of the recommended cash offer by The Resource Group International Limited ("TRG") to acquire the entire issued and to be issued ordinary share capital of DGS, that Mr Flowers had irrevocably undertaken, in respect of the 69,000 ordinary shares, to vote in favour of the proposed Delisting Resolution. TRG has agreed to waive the irrevocable undertaking in respect of the 69,000 ordinary shares.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information please contact:

 
 Digital Globe Services,     www.dgsworld.com 
  Ltd. 
 Jeff Cox, CEO               +1 303 736 2105 
 
 Panmure Gordon (UK) 
  Limited 
 Karri Vuori / Andrew 
  Godber/ James Greenwood 
  / William Wickham           +44 207 886 2500 
 
 
 Alma PR                      +44 7780 901 979 
  Josh Royston/               / 
  Hilary Buchanan             +44 7515 805 218 
 
 
 

Overview of DGS

Founded in 2008 with offices in London, Bermuda, Netherlands, USA and Ireland, DGS is a specialist provider of outsourced online customer, lead, and inquiry acquisition and digital media solutions for large, consumer-facing corporations. DGS delivers customers to its clients through optimised paid search, search engine optimization, mobile, integrated websites, e-mail, social media and contact centre support, receiving a fee for each customer acquired for its clients.

DGS is seeking to establish itself as the leading international provider of outsourced online customer, lead and inquiry acquisition, services, through its focus on having the premier technology platform in the industry. By using its optimising technology platform, dgSMART, and its experience of website management and digital media customer acquisition, efficient contact centre operations and other process expertise, DGS is able to acquire customers and achieve conversion rates that deliver profitable, high quality customers and valuable leads and inquiries to its clients.

DGS employs over 700 staff in Europe, North America and Asia. The Company currently has over 100 direct and indirect client relationships globally, many of which are with companies in the US Fortune 500.

Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated ("PCA") with them.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ------------------------------------------------------- 
 a)   Name                David Flowers 
---  ------------------  ----------------------------------- 
 2    Reason for the notification 
---  ------------------------------------------------------- 
 a)   Position/status     Non-Executive Director 
---  ------------------  ----------------------------------- 
 b)   Initial             Initial notification 
       notification 
       /Amendment 
---  ------------------  ----------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ------------------------------------------------------- 
 a)   Name                Digital Globe Services, Ltd. 
---  ------------------  ----------------------------------- 
 b)   LEI                 n/a 
---  ------------------  ----------------------------------- 
 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         Ordinary shares of $0.001 each 
       of the financial    London Stock Exchange, AIM, DGS.L 
       instrument,         ISIN Code: BMG2870A1036 
       type of 
       instrument 
 
       Identification 
       code 
---  ------------------  ----------------------------------- 
 b)   Nature of           Sale of ordinary shares 
       the transaction 
---  ------------------  ----------------------------------- 
 c)   Price(s)                Price(s)     Volume(s) 
       and volume(s)        -------------  ---------- 
                              $0.7106 / 
                              57.2 pence     25,000 
                            -------------  ---------- 
                              $0.7066 / 
                              56.9 pence     44,000 
                            -------------  ---------- 
---  ------------------  ----------------------------------- 
 d)   Aggregated 
       information          69,000 ordinary shares 
                            Average price of $0.708 / 57.0 
                            pence per ordinary share 
       - Aggregated         Total consideration of $48,855 
       volume               / GBP39,342 
 
 
       - Price 
---  ------------------  ----------------------------------- 
 e)   Date of             9 November 2016 
       the transaction 
---  ------------------  ----------------------------------- 
 f)   Place of            n/a 
       the transaction 
---  ------------------  ----------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

November 11, 2016 10:23 ET (15:23 GMT)

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