Drumz Plc Director/PDMR Shareholding
October 01 2020 - 3:40AM
UK Regulatory
TIDMDRUM
1 October 2020
Drumz plc
('Drumz' or the 'Company')
Director Dealing
Further to the announcement made by the Company today which outlined Angus
Forrest's intention to participate in the Placing, the Company can confirm that
Mr Forrest, CEO, subscribed for 3,636,363 Ordinary Shares at the Issue Price of
0.55 pence per share. In addition, as part of his subscription, Mr Forrest
received warrants to subscribe for 1,818,181 Ordinary Shares at an exercise
price of 1.2 pence each. The warrants must be exercised within a period of 12
months from the date of issue.
Capitalised terms and expressions used in this announcement will have the same
meaning as in the announcement made earlier today which outlined the Placing.
Following the subscription, Mr Forrest holds 29,893,921 Ordinary Shares
representing approximately 8.7% of the Company's issued share capital as
enlarged by the Placing. In addition, Mr Forrest holds 1,818,181 warrants over
Ordinary Shares.
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 Angus Forrest
2 Reason for the notification
a) Position/status Chief Executive Officer
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 Purchase of shares
transaction
c) Price(s) and volume(s) Price(s) Volume(s)
Ordinary 0.55 3,636,363
Shares
Warrants 1.2 1,818,181
d) Aggregated information
Ordinary Shares:
- Aggregated volume 3,636,363
- Price GBP20,000
Warrants:
- Aggregated volume 1,818,181
- Price GBP21,818
e) Date of the transaction 1 October 2020
f) Place of the London Stock Exchange, AIM
transaction
END
(END) Dow Jones Newswires
October 01, 2020 04:40 ET (08:40 GMT)
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