Feedback PLC Issue of Equity & Director / PDMR Shareholding (9662P)
November 23 2016 - 7:20AM
UK Regulatory
TIDMFDBK
RNS Number : 9662P
Feedback PLC
23 November 2016
23 November 2016
Feedback plc
("Feedback" or the "Company")
Issue of Equity
Director / PDMR Shareholding
Feedback plc (AIM: FDBK), the medical imaging software company,
is pleased to announce that it has exercised its discretionary
right to issue 15,120,000 new ordinary shares of 0.25 pence each
("New Ordinary Shares") at a deemed issue price of 1.25p to Tom
Charlton, non-executive deputy chairman of the Company, in full
satisfaction of his outstanding loan to the Company.
The loan of GBP189,000 was made on 20 May 2014 and was repayable
on 1 December 2016 if not repaid earlier. Under the terms of the
loan agreement the Company had the right, after 1 June 2016, at its
sole discretion, to issue up to 15.12 million New Ordinary Shares
at a deemed issue price of GBP0.0125 per Ordinary Share in
satisfaction of the loan. No interest was payable on the loan.
Following the issue of the New Ordinary Shares, Tom Charlton
will hold 64,637,408 ordinary shares representing 29.54% of the
issued share capital of the Company.
The New Ordinary Shares will rank pari passu with the existing
ordinary shares and application will be made for the New Ordinary
Shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will become effective and dealings in the
New Ordinary Shares will commence by 8.00 a.m. on 29 November
2016.
Following Admission of the New Ordinary Shares, the Company's
enlarged issued share capital will consist of 218,793,857 ordinary
shares with voting rights. This number may be used by shareholders,
following the issue of equity, as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.
For further information contact:
Feedback plc Tel: 01954 718072
Alastair Riddell
Allenby Capital Limited (Nominated Tel: 020 3328
Adviser and Joint Broker) 5656
David Worlidge / James Thomas
Peterhouse Corporate Finance Ltd Tel: 020 7469
(Joint Broker) 0936
Lucy Williams / Duncan Vasey
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The
information set out below is provided in accordance with the
requirements of Article 19(3) of that Regulation.
1 Details of the person discharging managerial
responsibilities/person closely associated
a) Name Thomas ("Tom") William
George Charlton
-------------------------- -----------------------------------
2 Reason for the notification
---------------------------------------------------------------
a) Position/status Director 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 Feedback plc
-------------------------- -----------------------------------
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 of the Ordinary Shares of 0.25
financial instrument, pence each ("Ordinary Shares")
type of instrument
-------------------------- -----------------------------------
Identification code ISIN for Feedback plc Ordinary
Shares:
GB0003340550
-------------------------- -----------------------------------
b) Nature of the transaction The issue of Ordinary Shares
upon conversion of an outstanding
loan of GBP189,000.
-------------------------- -----------------------------------
c) Price(s) and volume(s) Price - conversion price
of 1.25 pence per share
Volume - 15,120,000 Ordinary
Shares
-------------------------- -----------------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
-------------------------- -----------------------------------
e) Date of the transaction 23 November 2016
-------------------------- -----------------------------------
f) Place of the transaction Outside a trading venue
-------------------------- -----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 23, 2016 08:20 ET (13:20 GMT)
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