REG - Beeks Fin Cloud Grp - Proposed Secondary Placing

Beeks Financial CloudAnnouncement

15/10/2019 13:00

RNS Number : 9504P
Beeks Financial Cloud Group PLC
15 October 2019
 


This announcement contains inside information
Beeks Financial Cloud Group plc
Proposed Secondary Placing
Beeks Financial Cloud Group plc (the "Company") announces that it has been advised by Gordon McArthur, Chief Executive Officer of the Company, that he intends to sell approximately 2,640,484 Ordinary Shares in the Company (the "Sale Shares") at a price of 84 pence per share. The Sale Shares represent approximately 5.19 per cent. of the issued share capital of the Company.
Gordon McArthur is currently interested in 30,115,677* Ordinary Shares, representing approximately 59.21 per cent. of the issued share capital of the Company.  Following the proposed transaction, Mr McArthur has agreed not to dispose of any of his remaining shareholding for a period of at least 12 months.
*Includes 740,000 Ordinary Shares held by Gordon McArthur's wife, Claire McArthur, representing 1.45 per cent. of the issued share capital
A further announcement will be made in due course.
For further information please contact:




Beeks Financial Cloud Group plc
 


 




Gordon McArthur, CEO


via Alma PR




Fraser McDonald, CFO


 




 


 




Cenkos Securities plc


+44(0)131 220 6939




Derrick Lee / Peter Lynch


 




 


 




Alma PR


+44(0)20 3405 0212




Caroline Forde / Josh Royston / Helena Bogle


 




 
ABOUT BEEKS FINANCIAL CLOUD
Beeks Financial Cloud is a UK-based low-latency Infrastructure-as-a-Service (IaaS) provider for automated trading in Forex, Futures, Equities, Fixed income and cryptocurrency financial products. With eleven data centres globally and low-latency connectivity between sites, the Beeks Financial Cloud focuses on reducing barriers to entry and time to market for institutional clients. For more information, visit:
www.beeksfinancialcloud.com.
 




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