Smoove PLC Directors' Dealings & Holdings in Company (4590P)
October 09 2023 - 9:29AM
UK Regulatory
TIDMSMV
RNS Number : 4590P
Smoove PLC
09 October 2023
Smoove Plc
Directors' Dealings & Holdings in Company
Smoove plc (LSE: SMV, "Company" or "SMV") received notification
on 06 October 2023 from Kestrel Partners LLP ("Kestrel") that on 06
October 2023 it purchased for its discretionary clients a total of
1,300,000 ordinary shares of 0.4p each ("Shares") in the Company at
an average price of 52 pence per share. The notification also
included the matters set out below.
Mr Scott, a non-executive director of SMV, is a partner of
Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients
("Kestrel Opportunities") and is therefore deemed to have a
beneficial interest in Kestrel Opportunities' entire legal holding
in SMV.
Following this notification, Kestrel Opportunities holds (and
consequently Mr Scott is deemed to have a beneficial interest in)
10,683,634 Shares in the Company, and other clients of Kestrel, in
which Mr Scott has no beneficial interest hold 6,327,461 Shares in
the Company.
On a combined basis, Kestrel indirectly holds voting rights over
17,011,095 Shares in the Company, which represents 29.84 per cent
of the Company's issued share capital.
Kestrel's interest in the Shares in the Company is held through
the following nominees:
Holding Nominee No. of shares % of issued share
type capital
Bank of New York Nominees
Indirect Ltd 10,683,634 18.74%
Indirect JIM Nominees Limited 397,434 0.70%
Indirect Bank of New York Nominees 4,381,527 7.68%
Ltd
Indirect Northern Trust Company 1,548,500 2.72%
AVFC
It was disclosed in the announcement of 4 October 2023 that
Kestrel has signed an agreement with Digcom UK Holdings Limited (an
indirect subsidiary of PEXA Group Limited). Pursuant to the
agreement Kestrel irrevocably committed to vote the 15,711,095
shares in the Company (that it controlled on 4 October) in favour
of the resolutions to implement the terms of the recommended cash
acquisition by Digcom of the entire issued and to be issued share
capital of the Company to be sanctioned by was of a court
sanctioned scheme of arrangement under Part 26 of the Companies Act
2006 (the "Irrevocable"). The additional 1,300,000 shares disclosed
as being purchased in this announcement will, under the terms of
the Irrevocable, also be irrevocably committed to be voted in
favour of the resolutions.
For further information contact:
S moove plc Via Walbrook PR
Jesper With-Fogstrup, CEO
M ichael Cress , CFO
Panmure Gordon (UK) Limited Tel: 020 7886 2500
(Nomad & Broker)
Dominic Morley
Rupert Dearden
Walbrook PR Limited smoove@walbrookpr.com or Tel: 020
7933 8780
Tom Cooper/ Nick Rome
ANNEX
Template for notification and public disclosure of transactions
by persons discharging managerial responsibilities and persons
closely associated with them
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Kestrel Partners LLP ('Kestrel')
----------------------- ------------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status PCA - Oliver Rupert Andrew Scott (non-executive
director of Smoove plc and Partner in Kestrel)
----------------------- ------------------------------------------------
b) Initial notification Initial
/Amendment
----------------------- ------------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name Smoove plc
----------------------- ------------------------------------------------
b) LEI 213800TDUOUSIQT2OT29
----------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------------
a) Description 0.4p Ordinary Shares
of the financial
instrument,
type of instrument
ISIN: GB00BNG8T458
Identification
code
----------------------- ------------------------------------------------
b) Nature of the Purchase
transaction
----------------------- ------------------------------------------------
c) Price(s) and P urchase
volume(s) 06 October 2023
Price(s) pence Volume(s)
-----------------
52 pence 1,300,000 shares
-----------------
----------------------- ------------------------------------------------
d) Aggregated information
- Aggregated Total Purchase of 1 ,300 ,000 shares at an
volume average of 52 pence .
- Price
----------------------- ------------------------------------------------
e) Date of the 06 October 2023
transaction
----------------------- ------------------------------------------------
f) Place of the London AIM
transaction
----------------------- ------------------------------------------------
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END
MSCUKUSROBURRAA
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