FastForward Innovations Limited Director/PDMR Shareholding (0155H)
March 07 2018 - 8:34AM
UK Regulatory
TIDMFFWD
RNS Number : 0155H
FastForward Innovations Limited
07 March 2018
7 March 2018
FastForward Innovations Ltd
("FastForward" or the "Company")
Director Dealing
Further to its earlier announcement of 7 March 2018 FastForward
Innovations Limited (AIM: FFWD) confirms that Mr Lorne Abony has
sold 12,248,436 shares to Mr Peter Saladino at a price of GBP0.176
(17.6 pence) per share, for total consideration of GBP2,155,724
(the "Share Sale"). The sale was completed on 7 March 2018.
Following the Share Sale Mr Saladino is interested in 12,248,436
Ordinary Shares representing 9.37 per cent. of the Company's issued
share capital (excluding shares held in treasury). Following his
disposal of shares, Mr Abony is interested in 12,248,434 Ordinary
Shares representing 9.37 per cent. of the Company's issued share
capital (excluding shares held in treasury).
FastForward CEO Lorne Abony commented, "I have known Peter for
several years. He was an adviser and early-stage seed investor in
Nuuvera and I believe will be an invaluable supporter of the
Company. I am delighted to welcome him as a shareholder."
The notification set out at the bottom of this Announcement,
made in accordance with the requirements of the EU Market Abuse
Regulation, provides further detail regarding the sale of shares by
Mr Abony.
Following the sale of shares by Mr Abony, the interest of the
Directors in shares of the Company is as set out below:
Name Interest Options held (inc. % interest
in Shares unvested Options) in the Issued
Shares
Lorne Abony(1) 12,248,434 12,131,548 9.37%
Jim Mellon(2) 10,425,991 1,516,444 7.98%
Ian Burns(3) 1,374,024 NIL 1.05%
Ed McDermott NIL 2,000,000 N/A
1 Mr Abony's interest in shares is held by Abony Enterprises
Limited Partnership, a limited partnership of which he is the
majority legal owner.
2 Mr Mellon's interest in shares is held by Galloway Limited, a
company beneficially owned by Mr James Mellon.
3 Mr Burns' interest in shares is held by Smoke Rise Holdings
Limited, a company of which he is the sole shareholder.
For further information please visit www.fstfwd.co or
contact:
FastForward Innovations Limited Tel: +44 (0)
1481 726 034
info@fstfwd.co
Ian Burns / Ed McDermott / Sue Saunders
Beaumont Cornish Limited (Nomad) Tel: +44
(0) 207 628 3396
James Biddle / Roland Cornish
Optiva Securities Limited (Broker) Tel: +44
(0) 203 411 1881
Graeme Dickson
NOTIFICATION AND PUBLIC DISCLOSURE OF A TRANSACTION BY A PERSON
DISCHARGING MANAGERIAL RESPONSIBILITIES:
1 Details of the person discharging managerial
responsibilities/person closely associated
--- -------------------------------------------------------
a) Name: Mr Lorne Abony
--- -------------------------- ---------------------------
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: FastForward Innovations
Limited
--- -------------------------- ---------------------------
b) LEI: 213800KV6ETTB1BRZ435
--- -------------------------- ---------------------------
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 GBP0.01
the financial each
instrument, type
of instrument: ISIN: GG00BRK9BQ81
Identification
code:
--- -------------------------- ---------------------------
b) Nature of the Disposal of shares
transaction:
--- -------------------------- ---------------------------
c) Price(s) and Volume(s): Price(s) Volume(s)
----------- ----------
12,248,436 GBP0.176
----------- ----------
--- -------------------------- ---------------------------
d) Aggregated Information: As above
- Aggregated Volume
- Price
--- -------------------------- ---------------------------
e) Date of the Transaction: 7 March 2018
--- -------------------------- ---------------------------
f) Place of the Transaction: AIM Market, London Stock
Exchange
--- -------------------------- ---------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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