THE
INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE
COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE
MARKET ABUSE REGULATION (EU) NO. 596/2014, AS AMENDED ("MAR"). ON
THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY
INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC
DOMAIN.
Secured Property Developments
Plc
AQSE:
SPD
(“SPD” or the
“Company”)
BOARD CHANGES AND ON-MARKET
INVESTMENT
APPOINTMENT OF FINANCIAL ADVISER AND CORPORATE
BROKER
Highlights
-
£150,000 of existing shares purchased at 26.11 pence per share by incoming investors and
Directors.
-
New
Directors
appointed.
-
Appointment of Peterhouse Capital Limited as
Financial Adviser and Corporate
Broker.
Board
Changes and
Investment
The
Company is pleased to announce the appointments of Paul
Benedict Ryan as Executive Director and Noel Lyons as Non-Executive Director to the
board of Directors with immediate
effect.
Investors, including Paul
Ryan and Noel Lyons, have
agreed, via Peterhouse Capital Limited, to acquire 574,621 Ordinary
Shares in the Company at a price of 26.11
pence per share, equating to £150,000 in total, from the
existing Directors of the Company. The existing Directors,
Roger Shane and Richard France, have resigned from the board of
Directors with immediate effect. The Company wishes to thank Mr
Shane and Mr France for their long and dedicated service to the
Company.
Following the share sales, the Directors’ and others’
interests in the issued share capital of the Company
are:
-
Paul Ryan (Executive
Director): 143,627 (approximately
7.29%)
-
Noel Lyons
(Non-Executive Director): 143,627 (approximately
7.29%)
-
Excession Trust: (approximately
14.58%)
Roger Shane has sold
485,621 Ordinary Shares on 20 December
2023 at 26.11 pence per share.
Following the sale, Roger is interested in 79,631 Ordinary Shares
in the Company, representing 4.04% of the issued share capital.
Richard France has sold 88,888
Ordinary Shares on 20 December 2023
at 26.11 pence per share, and no
longer holds any Ordinary
Shares.
Paul Ryan, incoming
Executive Director stated: “I am excited to be bringing this
company to its next stage and expect the future will be of great
interest to shareholders. We will communicate our future plans as
they develop.”
Paul Ryan (aged
56)
Mr
Ryan has over 20 years of commercial, regulatory and advisory
experience. Mr Ryan has acted as a consultant, primarily on
strategy and public policy, to a range of clients including FTSE100
and Fortune 500 companies largely in the ICT space. He held a
variety of board positions with leading mobile operator Vodafone
Group. Mr Ryan is a qualified (non-practising) solicitor in the UK
and graduated from Trinity College, Dublin,
Ireland.
Noel Lyons (aged
58)
Mr
Lyons is an operational executive with over 30 years direct
experience in the oil, gas and mining sector mainly in Africa and the Middle East. His experience is primarily on
the operational side, including strategic management, operations,
project management, funding and value creation, generally with
listed companies. He is the founder of Clean Invest Africa plc, a
company focused on delivering an attractive return through
acquiring stakes in clean energy companies, remediation
technologies, waste-to-energy technologies and other clean energy
related projects.
Paul
Ryan
Current
Directorships
Warande 1970 BVBA
Shuka
Minerals Plc |
Directorships held over the past 5
years
SHS
Holdings PTE Limited
Remote Monitored Systems
Plc
Geocurve
UK
Aerovision Limited
Pharma C Investments
Plc
GN
Site Engineers Ltd
Vrai
Investments Limited
Clean
Invest Africa Plc |
Noel
Lyons
Current
Directorships
Shuka
Minerals Plc |
Directorships held over the past 5
years
SHS
Holdings PTE
SHS
Ghana
SHS
Projects Kenya
Suite
Living Kenya
Afra
SHS Holdings Pte
Sustainable Project Management
DMCC
SHS
Projects Pakistan SMC Pte
Bau
Panel KE
Equitorial Oil and Gas
Plc
Tamboran Resources
Coaltech Limited
HD
Shelf Four Limited
Africa Direct Invest
Ltd
Iamfire Plc
Hospitality Portfolio Investments
Plc
Goodbody group Ltd
Clean
Invest Africa Plc
Karoo
Energy plc |
Mr
Ryan was a director of Circle Network (Europe) Limited (Ireland) that was placed into administrative
receivership in 2001. The deficit to unsecured creditors amounted
to approximately
£500,000.
Except as set out above, there is no further
information regarding Noel Lyons or
Paul Ryan that is required to be
disclosed pursuant to Rule 4.9 of the Aquis Growth Market Access
Rulebook.
The
Directors of the Company accept responsibility for the contents of
this announcement.
Enquiries
Company:
Paul Ryan – Executive
Director
Paul@warande1970.com
Peterhouse Capital
Limited
Financial Adviser and Corporate Broker
Guy Miller and Charles Goodfellow
+ 44 (0)20 7469 0930
|
Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them. |
|
1 |
Details of the person discharging managerial responsibilities /
person closely
associated |
|
a) |
Name |
Roger
Shane |
|
2 |
Reason for the
notification |
|
a) |
Position/status |
Director |
|
b) |
Initial notification
/Amendment |
Initial |
|
3 |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Secured Property
Developments Plc |
|
b) |
LEI |
2138004RJPGI4RW8HI19 |
|
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, type of
instrumentIdentification
code |
Ordinary Shares of £0.20
each
ISIN:
GB0007921363 |
|
b) |
Nature of the
transaction |
Disposal
of existing Ordinary
Shares |
|
c) |
Price(s) and
volume(s) |
485,621 Ordinary Shares
at 26.11 pence per share |
|
d) |
Aggregated
information-
Aggregated volume-
Price |
|
|
e) |
Date of the
transaction |
20 December
2023 |
|
f) |
Place of the
transaction |
Aquis Growth
Market |
|
Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them. |
|
1 |
Details of the person discharging managerial responsibilities /
person closely
associated |
|
a) |
Name |
Richard
France |
|
2 |
Reason for the
notification |
|
a) |
Position/status |
Director |
|
b) |
Initial notification
/Amendment |
Initial |
|
3 |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Secured Property
Developments Plc |
|
b) |
LEI |
2138004RJPGI4RW8HI19 |
|
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, type of
instrumentIdentification
code |
Ordinary Shares of £0.20
each
ISIN:
GB0007921363 |
|
b) |
Nature of the
transaction |
Disposal
of existing Ordinary
Shares |
|
c) |
Price(s) and
volume(s) |
88,888 Ordinary Shares
at 26.11 pence per share |
|
d) |
Aggregated
information-
Aggregated volume-
Price |
|
|
e) |
Date of the
transaction |
20 December
2023 |
|
f) |
Place of the
transaction |
Aquis Growth
Market |
|
Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them. |
|
1 |
Details of the person discharging managerial responsibilities /
person closely
associated |
|
a) |
Name |
Paul
Ryan |
|
2 |
Reason for the
notification |
|
a) |
Position/status |
Executive
Director |
|
b) |
Initial notification
/Amendment |
Initial |
|
3 |
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction
monitor |
|
a) |
Name |
Secured Property
Developments Plc |
|
b) |
LEI |
2138004RJPGI4RW8HI19 |
|
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, type of
instrumentIdentification
code |
Ordinary Shares of £0.20
each
ISIN:
GB0007921363 |
|
b) |
Nature of the
transaction |
Acquisition of Ordinary
Shares |
|
c) |
Price(s) and
volume(s) |
143,627 Ordinary Shares
at 26.11 pence per share |
|
d) |
Aggregated
information-
Aggregated volume-
Price |
|
|
e) |
Date of the
transaction |
20 December
2023 |
|
f) |
Place of the
transaction |
Aquis Growth
Market |
|
Notification and
public disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them. |
|
1 |
Details of the
person discharging managerial responsibilities / person closely
associated |
|
a) |
Name |
Noel
Lyons |
|
2 |
Reason for the
notification |
|
a) |
Position/status |
Non-Executive
Director |
|
b) |
Initial
notification
/Amendment |
Initial |
|
3 |
Details of the
issuer, emission allowance market participant, auction platform,
auctioneer or auction
monitor |
|
a) |
Name |
Secured Property
Developments
Plc |
|
b) |
LEI |
2138004RJPGI4RW8HI19 |
|
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, type of
instrumentIdentification
code |
Ordinary Shares of
£0.20 each
ISIN:
GB0007921363 |
|
b) |
Nature of the
transaction |
Acquisition of
Ordinary
Shares |
|
c) |
Price(s) and
volume(s) |
143,627 Ordinary
Shares at 26.11 pence per
share |
|
d) |
Aggregated
information- Aggregated
volume-
Price |
|
|
e) |
Date of the
transaction |
20 December
2023 |
|
f) |
Place of the
transaction |
Aquis Growth
Market |