REG - Bigblu Broadband PLC - Issue of Equity / PDMR Dealing
RNS Number : 0180NBigblu Broadband PLC19 September 2019Bigblu Broadband plc
("BBB" or the "Company")
Issue of Equity / PDMR Dealing
Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast broadband services, announces that on 13 September 2019 a total of 733,333 options over ordinary shares of £0.15 each in the Company ("Ordinary Shares") were exercised and subsequently sold by a number of staff including Directors pursuant to the terms of the Company's Enterprise Management Incentive ("EMI") scheme and the Company's unapproved option scheme as per the table below:
Name of Option Holder
Type of Award
Exercise Price per Share
Number of Shares Exercised
Aggregate Exercise Price Payable
Number of Shares Sold
Price Sold At
Christopher Hunter (Chief Sales Officer)
EMI Option
£0.79
108.333
£104,999.73
133,333
£1.10
Francis Waters (Chief Financial Officer)
EMI Option
£0.79
227,272
£178,976.70
227,272
£1.10
Francis Waters (Chief Financial Officer)
Unapproved option
£0.79
6,060
£4.772.75
6,060
£1.10
Francis Waters (Chief Financial Officer)
EMI Option
£0.30
189,783
£56,251.68
189,783
£1.10
Jonathan Robinson (Chief Marketing Officer)
EMI Option
£0.30
189,783
£56,251.68
189,783
£1.10
Jonathan Robinson (Chief Marketing Officer)
EMI Option
£0.79
12,102
£9,268.08
12,102
£1.10
Total
733,333
£391,095.37
733,333
As a result of the above transactions, application has been made for a total of 733,333 new Ordinary Shares to be admitted to trading on AIM on 20 September 2019.
Total voting rights
Following admission, the Company will have a total of 57,570,879 Ordinary Shares in issue with one voting right per share.
The above 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
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
Chris Hunter
Francis Waters
Jonathan Robinson
2
Reason for the notification
a)
Position/status
Chief Sales Officer
Chief Financial Officer
Chief Marketing Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Bigblu Broadband plc
b)
LEI
2138008P6X5EX455KU41
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 £0.15 each
Identification code
ISIN: GB00BD5JMP10
b)
Nature of the transaction
Exercise of options
Disposal of shares
c.
Price(s) and volume(s)
Option exercise:
Share sale:
Option exercise:
Share sale:
Option exercise:
Share sale:
Option exercise:
Share sale:
Option exercise:
Share sale:
Name(s)
Price(s)
Volumes(s)
Chris Hunter
£0.79
108,333
Chris Hunter
£1.10
108,333
Francis Waters
£0.79
233,332
Francis Waters
£1.10
233,332
Francis Waters
£0.30
189,783
Francis Waters
£1.10
189,783
Jonathan Robinson
£0.30
189,783
Jonathan Robinson
£1.10
189,783
Jonathan Robinson
£0.79
12,102
Jonathan Robinson
£1.10
12,102
d)
Aggregated information:
- Aggregated volume
733,333
- Price
£391,095.37
e)
Date of the transaction
Option exercise: 13 September 2019
Share sale: 13 September 2019
f)
Place of the transaction
Option exercise: Outside a trading venue
Share sale: London Stock Exchange, AIM Market (XLON)
Contacts
Bigblu Broadband plc
www.bbb-plc.com
Andrew Walwyn, Chief Executive Officer
Simon Clifton, Chief Technology Officer
Dominic Del Mar, Corporate Development
Via Walbrook PR
Numis Securities (Nomad and broker)
Tel: +44 (0)20 7260 1000
Oliver Hardy (Corporate Advisory)
James Black (Corporate Broking)
Walbrook (Media and Investor Relations)
Tel: +44 (0)20 7933 8780
Paul Cornelius / Nick Rome
or bigblubroadband@walbrookpr.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 or visit www.rns.com.ENDMSCLLMITMBIBBTL
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