REG - ARGO Group Limited - Director/PDMR Shareholding

ArgoAnnouncement

20/02/2025 11:30

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RNS Number : 8976X  ARGO Group Limited  20 February 2025

20 February 2025

 

Argo Group Limited

("Argo" or the "Company")

 

PDMR/PCA Dealings

 

Argo Group Limited announces that today Andreas Rialas purchased 15,567,312
ordinary shares of $0.01 each in the Company ("Ordinary Shares") from Farkland
Ventures Limited (the beneficiaries of which are potentially Andreas Rialas
and his family) and 8,768,363 Ordinary Shares from Kyriakos Rialas. Following
this transaction, Andreas Rialas has a direct interest in 27,738,313 Ordinary
Shares, representing approximately 80.0% of the Company's issued share
capital, and both Farkland Ventures Limited and Kyrialos Rialas have no
interest in Ordinary Shares.

The notification tables set out below provide details of these dealings.

 

For further information:

Argo Group Limited

Jeremy Bradshaw

Telephone: +44 (0)20 7016 7660

 

Panmure Liberum Limited

Nominated Adviser and Broker

Atholl Tweedie

Telephone: +44 (0)20 7886 2500

 

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                                                         Andreas Rialas

 2    Reason for the notification
 a)   Position/status                                              Chief Investment Officer

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Argo Group Limited

 b)   LEI                                                          2138006AZQPG1K8GHO83

 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 instrument  Ordinary Shares of $0.01 each in Argo Group Limited

      Identification code                                          IM00B2RDSS92
 b)   Nature of the transaction                                    (1)  Purchase of Ordinary Shares from Kyriakos Rialas

                                                                   (2)  Purchase Ordinary Shares from Farkland Ventures Limited
 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                   (1)               £0.05             8,768,363
                                                                   (2)               £0.05             15,567,312

 d)   Aggregated information

      - Aggregated volume                                          24,335,675

      - Price                                                      £0.05 per Ordinary Share

 e)   Date of the transaction                                      20 February 2025

 f)   Place of the transaction                                     London Stock Exchange, AIM (XLON)

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Kyriakos Rialas

 2    Reason for the notification
 a)   Position/status                                              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                                                         Argo Group Limited

 b)   LEI                                                          2138006AZQPG1K8GHO83

 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 instrument  Ordinary Shares of $0.01 each in Argo Group Limited

      Identification code                                          IM00B2RDSS92
 b)   Nature of the transaction                                    Sale of Ordinary Shares to Andreas Rialas

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     £0.05             8,768,363

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      20 February 2025

 f)   Place of the transaction                                     London Stock Exchange, AIM (XLON)

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Farkland Ventures Limited

 2    Reason for the notification
 a)   Position/status                                              PCA of Andreas Rialas, Chief Investment Office

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Argo Group Limited

 b)   LEI                                                          2138006AZQPG1K8GHO83

 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 instrument  Ordinary Shares of $0.01 each in Argo Group Limited

      Identification code                                          IM00B2RDSS92
 b)   Nature of the transaction                                    Sale of Ordinary Shares to Andreas Rialas

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     £0.05             15,567,312

 d)   Aggregated information

      - Aggregated volume                                          N/A

      - Price

 e)   Date of the transaction                                      20 February 2025

 f)   Place of the transaction                                     London Stock Exchange, AIM (XLON)

 

 

 

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