KRM22 PLC Subscription (2942B)
June 06 2019 - 1:00AM
UK Regulatory
TIDMKRM
RNS Number : 2942B
KRM22 PLC
06 June 2019
KRM22 plc
("KRM22" or the "Company")
Subscription
KRM22 plc, (AIM: KRM) the technology and software investment
company that focuses on risk management for capital markets,
announces further to its announcement of 1 May 2019, Keith Todd,
Executive Chairman and CEO of the Company, has subscribed for
235,295 new ordinary shares of 10 pence each in the Company
("Ordinary Shares") at a price of 85 pence (the
"Subscription").
Following the Subscription, Mr Todd has a beneficial holding of
2,010,591 Ordinary Shares, representing 10.5 per cent. of the
issued share capital of the Company following Admission.
Admission of the 235,295 new Ordinary Shares is expected to
become effective on 11 June 2019 ("Admission"). Following
Admission, KRM22 will have 19,102,264 Ordinary Shares in issue. All
Ordinary Shares have equal voting rights and none of the Ordinary
Shares are held in treasury. The total number of voting rights in
the Company immediately following Admission will therefore be
19,102,264.
For further information please contact:
KRM22 plc
InvestorRelations@krm22.com
Keith Todd CBE, Executive Chairman and CEO
Kim Suter, Head of Finance
finnCap Ltd (Nominated Adviser and Sole Broker) +44 (0)20 7220
0500
Carl Holmes / Kate Bannatyne / Matthew Radley
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM
on 30 April 2018. The Company has been established with the
objective of creating value for its investors through the
investment in, and subsequent growth and development of, target
companies in the technology and software sector, with a focus on
risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22
helps capital market companies reduce the cost and complexity of
risk management. The Global Risk Platform provides applications to
help address firms' regulatory, market, technology and operations
risk challenges and to manage their entire enterprise risk
profile.
Capital markets companies' partner with KRM22 to optimize risk
management systems and processes, improving profitability and
expanding opportunities to increase portfolio returns by leveraging
risk as alpha.
KRM22 PLC is listed on AIM and the Group is headquartered in
London, with offices in several of the world's major financial
centres.
See more about KRM22 at KRM22.com.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Keith Todd
------------------------------- -------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------
a) Position/status Executive Chairman & Chief Executive
Officer
------------------------------- -------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name KRM22 Plc
------------------------------- -------------------------------------
b) LEI 213800IBCSBLSLJ9OD78
------------------------------- -------------------------------------
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 10 pence each
Financial instrument,
type of instrument
Identification code GB00BFM6WC61
------------------------------- -------------------------------------
b) Nature of the transaction Subscription for Ordinary Shares
------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
85p 235,295
----------
------------------------------- -------------------------------------
d) Aggregated information: See 4c) above
* Aggregated volume
* Price
------------------------------- -------------------------------------
e) Date of the transaction 5 June 2019
------------------------------- -------------------------------------
f) Place of the transaction Off market transaction
------------------------------- -------------------------------------
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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