REG - Beeks Fin Cloud Grp - Result of Secondary Placing

Beeks Financial CloudAnnouncement

15/10/2019 16:05

RNS Number : 9798P
Beeks Financial Cloud Group PLC
15 October 2019
 


 
Beeks Financial Cloud Group plc
Result of Secondary Placing
Beeks Financial Cloud Group plc (the "Company") confirms that further to the announcement released earlier today Gordon McArthur, Chief Executive Officer of the Company, has sold 2,640,484 Ordinary Shares in the Company at a price of 84 pence per share to certain institutional investors.
Following the transaction, Gordon McArthur has a beneficial interest in a total of 27,475,193* Ordinary Shares, representing approximately 54.02 per cent of the issued share capital of the Company.
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
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.
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


Gordon McArthur 




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


Beeks Financial Cloud Group plc
 




b)


LEI


213800XD729OTYVOMR79
 




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 0.125 pence each




Identification code


GB00BZ0X8W18
 




b)


Nature of the Transaction


Sale of Ordinary Shares
 




c)


Price(s) and volume(s)






Price(s)


Volume(s)




84 pence


2,640,484




 




d)


Aggregated information
Aggregated volume Price


n/a




e)


Date of the transaction


15 October 2019
 




f)


Place of the transaction


London Stock Exchange, AIM (LON:BKS)
 




 




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