REG - Beeks Fin Cloud Grp - Directors Dealings and Exercise of Share Options

Beeks Financial CloudAnnouncement

22/03/2024 17:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240322:nRSV0376Ia&default-theme=true

RNS Number : 0376I  Beeks Financial Cloud Group PLC  22 March 2024

Beeks Financial Cloud Group plc

("Beeks" or the "Company")

 

Directors Dealings and Exercise of Share Options

22 March 2024 --- Beeks Financial Cloud Group plc (AIM: BKS), a cloud
computing and connectivity provider for financial markets, announces that
today it is issuing a total of 520,729 ordinary shares of 0.125 pence each
("Ordinary Shares") following the exercise of options under the Beeks
Financial Cloud Employee Share Option Plan, at an exercise price of 0.125
pence per Ordinary Share (the "Option Shares"). 240,000 of the Option Shares
were held by Fraser McDonald, Chief Financial Officer of the Company and a
person discharging managerial responsibilities.

Concurrently, Mr. McDonald sold 284,118 ordinary shares of 0.125 pence each
("Ordinary Shares") at a price of 165 pence per share. In addition, Gordon
McArthur, Chief Executive Officer sold 2,200,000 ordinary shares of 0.125
pence each ("Ordinary Shares") also at a price of 165 pence per share.

These PDMR dealings were undertaken both for personal reasons and also to
satisfy institutional investor demand. Pursuant to these transactions and upon
Admission (as defined below), Mr. McArthur will retain a substantial
shareholding of 21,653,440 Ordinary Shares, representing 32.6% of the total
enlarged issued share capital of the Company. This shareholding now excludes
740,000 Ordinary Shares that continues to be held by Mr. McArthur's former
spouse. Upon Admission, Mr. McDonald will no longer retain a holding of
Ordinary Shares in the Company and retains unexercised options over 719,742
ordinary shares. Both Directors remain fully committed to the Company and its
growth prospects.

Application will be made for the 520,729 new Ordinary Shares to be admitted to
trading on AIM ("Admission"), and dealings are expected to commence on or
around 28 March 2024. The new Ordinary Shares will rank pari passu with the
Company's existing Ordinary Shares.

Following Admission, the Company will have 66,427,517 ordinary shares of 0.125
pence each in issue. The Company has no shares in treasury, therefore the
figure of 66,427,517 should be used by shareholders for the calculations by
which they will determine if they are required to notify their interest in, or
a change of their interest in, the share capital of the Company under the
FCA's Disclosure and Transparency Rules.

For further information please contact:

 

 Beeks Financial Cloud Group plc
 Gordon McArthur, CEO                               via Alma PR
 Fraser McDonald, CFO

 Canaccord Genuity                                  +44 (0)20 7523 8000
 Adam James / Alex Orr

 Alma PR                                            +44(0)20 3405 0205
 Caroline Forde / Hilary Buchanan / Joe Pederzolli

 

 

 

 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)                                       Shares sold: 2,200,000 shares at 165 pence

 d)  Aggregated information                                       n/a

     Aggregated volume Price
 e)  Date of the transaction                                      22 March 2024

 f)  Place of the transaction                                     London Stock Exchange, AIM (LON:BKS)

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Fraser McDonald
 2.  Reason for the Notification
 a)  Position/status                                              Chief Financial 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                                    Exercise of options and subsequent sale of ordinary shares

 c)  Price(s) and volume(s)                                       Options exercised: 240,000 options

                                                                  Ordinary shares sold: 284,118 shares at 165pence each

 d)  Aggregated information                                       n/a

     Aggregated volume Price
 e)  Date of the transaction                                      22 March 2024

 f)  Place of the transaction                                     London Stock Exchange, AIM (LON:BKS)

 

 

 

About Beeks

 

Cloud computing is crucial to Capital Markets and finance.

Beeks Group is a leading managed cloud provider exclusively within this
fast-moving sector. Our Infrastructure-as-a-Service model is optimised for
low-latency private cloud compute, connectivity and analytics, providing the
flexibility to deploy and connect to exchanges, trading venues and public
cloud for a true hybrid cloud experience.

 

ISO 27001 certified, we provide world-class security aligned to global
security requirements.

Founded in 2011, Beeks Group is listed on the London Stock Exchange (LSE: BKS)
and has enjoyed continued growth each year. Beeks Group now employs over 100
team members across the globe with the majority based at our Renfrew HQ.

For more information, visit:  www.beeksfinancialcloud.com
(http://www.beeksfinancialcloud.com)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHPPURUWUPCGMP