TIDMDIL2

RNS Number : 4432J

Damille Investments II Limited

09 September 2016

DAMILLE INVESTMENTS II LIMITED (LSE:DIL2) (the "Company")

9 September 2016

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                       Damille Partners Limited 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Person Closely Associated 
                                  with Brett Miller and Rhys 
                                  Davies, directors of the 
                                  Company 
---  -------------------------  ------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
---  -------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                       Damille Investments II Limited 
---  -------------------------  ------------------------------- 
 b)   LEI                        ISIN GG00B7617Z91 
---  -------------------------  ------------------------------- 
 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             Ordinary Shares of no par 
       the financial              value 
       instrument, type 
       of instrument 
                                  ISIN GG00B7617Z91 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Acquisition 
       transaction 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Price(s)      Volume(s) 
                                   ------------  ---------- 
 
                                     GBP1.1204     384,247 
                                   ------------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume         384,247 
 
 
       - Price                     GBP1.1204 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    8 September, 2016 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   Outside a trading venue - 
                                  Guernsey 
---  -------------------------  -------------------------------

The Ordinary Shares were sold out of treasury to Damille Partners Limited ("Damille") at the prevailing net asset value as at 31 August, 2016 of GBP1.1204 in satisfaction of the performance fees payable to Damille under the Services Agreement between the Company, Damille and Messrs B Miller and R Davies, directors of the Company and principals of Damille.

334,757 Ordinary Shares were sold in settlement of the performance fee for the performance period ended on 31 August, 2016, being the "Second Performance Period".

When calculating the performance fee payable in respect of the Second Performance Period, it was identified that the performance fee in respect of the performance period ended on 30 November 2012 (the "First Performance Period") had been incorrectly calculated by the Company's administrator at that time, so that too few Ordinary Shares had been issued to Damille on 12 February, 2013. The monetary value of that underpayment to Damille was quantified as GBP55,448.41.

Therefore, an additional 49,490 Ordinary Shares were sold in full and final settlement of the outstanding performance fee payable in respect of the First Performance Period as explained above.

By order of the Board

Damille Investments II Limited

For further information contact:

   Administrative Enquiries:                                    Shareholder Enquiries: 
   JTC (Guernsey) Limited                                      Nimrod Capital LLP 
   Tel: +44 (0) 1481 702 400                                  Tel: +44 (0) 20 7382 4565 
   fundservicesgsy@jtcgroup.com                           info@nimrodcapital.com

END OF ANNOUNCEMENT

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September 09, 2016 07:05 ET (11:05 GMT)

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