Drumz PLC Director/PDMR Shareholding (6664U)
July 31 2020 - 1:00AM
UK Regulatory
TIDMDRUM
RNS Number : 6664U
Drumz PLC
31 July 2020
31 July 2020
Drumz plc
('Drumz' or the 'Company')
Director Shareholding
The Company was advised today that Nishith Malde, a
non-executive director of the Company, on 30 July 2020, transferred
5,000,000 ordinary shares in the Company ("Ordinary Shares") from
his Qualifying Non-UK Pension Scheme to an International Pension
Plan, for no consideration.
Following the transfer, Nishith Malde continues to have an
interest in 12,689,964 Ordinary Shares representing approximately
5.00% of the Company's issued share capital. The beneficial holding
of Nishith Malde comprises his direct holding of 11,230,464
Ordinary Shares and an interest of 1,459,500 Ordinary Shares in the
Company held by way of his shareholding in Highlands Village
Limited, of which he owns 8.4%. Highlands Village Limited owns
17,375,000 Ordinary Shares in the Company.
The information below, set out in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail.
For further information please
contact:
Drumz Plc
Angus Forrest +44 (0) 20 3582 0566
WH Ireland (NOMAD & Broker) www.whirelandcb.com
Mike Coe / Chris Savidge 020 7220 1666
Peterhouse Capital Limited (Joint
broker)
Lucy Williams / Duncan Vasey 020 7469 0936
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Nishith Malde
---------------------------- -------------------------------------
2 Reason for the notification
-------------------------------------------------------------------
a) Position/status Non-Executive Director
---------------------------- -------------------------------------
b) Initial notification Initial Notification
/Amendment
---------------------------- -------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------
a) Name Drumz plc
---------------------------- -------------------------------------
b) LEI 213800JHJFKALDJA5X97
---------------------------- -------------------------------------
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 0.1p each
type of instrument
Identification code GB00B06CZD75
---------------------------- -------------------------------------
b) Nature of the transaction Transfer of shares between pensions
---------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/a 5,000,000
----------
---------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume
5,000,000
- Price
N/a
---------------------------- -------------------------------------
e) Date of the transaction 30 July 2020
---------------------------- -------------------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------- -------------------------------------
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
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