REG - Aukett Swanke Group - Subscription Update & Director/PDMR Notifications

Aukett SwankeAnnouncement

04/04/2024 07:00

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RNS Number : 2490J  Aukett Swanke Group PLC  04 April 2024

4 April 2024

 

Aukett Swanke Group Plc

("Aukett Swanke", the "Company", or, together with its subsidiaries, the
"Group")

 

Further re Subscription

Director/PDMR Notifications

 

Aukett Swanke (AIM: AUK), the group providing Smart Buildings, Architectural
and Design Services, is pleased to announce that, further to its announcement
on 21 March 2024, certain members of the Board and management have subscribed
for, in aggregate, 15,000,000 Subscription Shares on the same terms (including
Subscription Price and Warrant entitlement) as the Subscription announced on
21 March 2024, providing gross proceeds of a total of £150,000 (the
"Additional Subscription"). Participation by such members of the Board and
management in the Additional Subscription is as set out in the table below:

 

 Name            Role                            Number of ordinary shares subscribed for in the Additional Subscription   No. of ordinary shares held post-Admission   % of enlarged share capital  Number of Warrants*
 Nick Clark      Director                        2,000,000                                                                 42,531,539                                   12.67%                       2,000,000
 Tony Barkwith   Director                        5,000,000                                                                 5,000,000                                    1.49%                        5,000,000
 Freddie Jenner  Director                        2,500,000                                                                 8,564,817                                    2.55%                        2,500,000
 Robert Fry      Director                        2,000,000                                                                 4,150,000                                    1.24%                        2,000,000
 Jason Brameld   PDMR (non-Board)                2,500,000                                                                 3,285,110                                    0.98%                        2,500,000
 Jamie Finnan    Subsidiary director (non PDMR)  1,000,000                                                                 3,492,000                                    1.04%                        1,000,000

* Warrants to be issued subject to approval of authority at AGM on 26 April
2024.

 

Related Party Transaction

 

Nick Clark, Tony Barkwith, Freddie Jenner and Robert Fry (as Directors of the
Company), and Jason Brameld and Jamie Finnan (as directors of one or more
wholly-owned subsidiaries of the Company) are classified as related parties
under the AIM Rules for Companies and their participation in the Additional
Subscription constitutes a related party transaction pursuant to Rule 13 of
the AIM Rules for Companies.

 

Accordingly, Clive Carver and Tandeep Minhas, being the independent Directors
for the purpose of the related party transaction, having consulted with the
Company's nominated adviser, Strand Hanson, consider that the terms of the
above-named individuals' participation in the Additional Subscription are fair
and reasonable insofar as shareholders in the Company are concerned.

 

Admission to trading on AIM and Total Voting Rights

 

Application will be made to the London Stock Exchange for admission
("Admission") of the new shares to be issued pursuant to the Additional
Subscription to trading on AIM. It is expected that admission of the
Additional Subscription shares will occur on or around 11 April 2024.

 

On Admission, the Company's issued ordinary share capital will consist of
335,655,938 ordinary shares of one penny each ("Ordinary Shares"), with one
vote per share. The Company does not hold any Ordinary Shares in treasury.
Therefore, on Admission, the total number of Ordinary Shares and voting rights
in the Company will be 335,655,938. With effect from Admission, this figure
may be used by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of the
Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Concert Party interest

 

Following the issue of the Additional Subscription shares and Admission, the
total holding of the Concert Party (as detailed in the Company's announcement
on 2 March 2023) shall comprise 96,159,484 Ordinary Shares, representing
28.65% of the Company's enlarged issued Ordinary Shares. Nick Clark, Freddie
Jenner (each a Director) and Jason Brameld (a PDMR) are members of the Concert
Party.

 

Capitalised terms in this announcement shall have the same meaning as in the
Company's announcement on 21 March 2024, unless otherwise specified.

 

Contacts

 

Aukett Swanke Group
Plc
+44 (0) 20 7843 3000

Clive Carver,
Chairman

Nick Clark, Chief
Executive
 

 

Strand Hanson Limited, Financial and Nominated Adviser
                        +44 (0) 20 7409 3494

Richard Johnson, James
Bellman

 

Zeus Capital Limited,
Broker
+44 (0) 20 3829 5000

Simon Johnson, Louisa Waddell

 

Investor/Media
+ 44 (0) 7979 604 687

Chris Steele

 

About Aukett Swanke Group plc

Aukett Swanke Group has a strong foundation in architectural services and is
on a transformative journey to become a London-listed provider of Smart
Buildings and related services. ASG are uniquely positioned to ensure the
technical systems that run modern premises are designed as an integral part of
the structure, from the outset.

For more information go to https://www.aukettswankeplc.com
(https://www.aukettswankeplc.com)

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them:

 a)   Name                                                         1.     Nick Clark

                                                                   2.     Tony Barkwith

                                                                   3.     Freddie Jenner

                                                                   4.     Robert Fry

                                                                   5.     Jason Brameld
 2    Reason for the notification
 a)   Position/status                                              1.     Director

                                                                   2.     Director

                                                                   3.     Director

                                                                   4.     Director

                                                                   5.     PDMR
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer

      or auction monitor
 a)   Name                                                         Aukett Swanke Group plc
 b)   LEI                                                          213800WWNHLPUBSUK220
 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 1p (ISIN: GB0000617950)

      Identification code
 b)   Nature of the transaction                                    Subscription for new ordinary shares
 c)   Price(s) and volume(s)

                                                                                    Price(s)         Volume(s)
                                                                                    1.  1p           1.  2,000,000

                                                                                    2.  1p           2.  5,000,000

                                                                                    3.  1p           3.  2,500,000

                                                                                    4.  1p           4.  2,000,000

                                                                                    5.  1p           5.  2,500,000

 d)   Aggregated information                                       N/A - single transactions
 e)   Date of the transaction                                      3 April 2024
 f)   Place of the transaction                                     Off Exchange

 

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