RNS Number : 2841H
Bigblu Broadband PLC
02 May 2025
Bigblu Broadband plc
("BBB" or the "Company" or the "Group")
Director/PDMR Shareholding
Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative superfast and ultrafast broadband solutions throughout Australasia and the Nordics, announces that the Company has been informed that certain investment vehicles connected with Christopher Mills, Non-Executive Director made the following transactions in the Company on 29 April 2025 pursuant to the recently completed tender offer undertaken by the Company: :
Investment Vehicle
No of Ordinary Shares tendered
Price per share
Oryx International Growth Fund Limited
1,750,690
40p
Harwood Capital LLP
61,356
40p
North Atlantic Smaller Companies Investment Trust Plc
2,254,667
40p
Following the purchase, Christopher Mills and the investment vehicles connected with him are interested in 11,243,277 Ordinary Shares, representing 25.789% of the Company's issued share capital.
For further information:
Bigblu Broadband Group PLC
www.bbb-plc.com
Frank Waters, Chief Financial Officer
Tel: +44 (0)20 7220 0500
Cavendish Capital Markets Limited (Nomad and Broker) Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Tim Redfern / Harriet Ward (ECM)
Tel: +44 (0)20 7220 0500
About Bigblu Broadband plc
Bigblu Broadband plc (AIM: BBB.L), is a leading provider of alternative superfast and ultrafast broadband solutions throughout Australasia and the Nordics. BBB delivers a portfolio of superfast and ultrafast wireless broadband products for consumers and businesses unserved or underserved by fibre.
High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative ultrafast broadband services increases around the world.
BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G FWA delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers a full range of services including hardware supply, installation, pre-and post-sale support, billings and collections, whilst offering appropriate tariffs depending on each end user's requirements.
Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for broadband and broadband services. BBB's alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart phones via a normal wired or wireless route
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
Oryx International Growth Fund Limited *
2
Reason for the notification
a)
Position/status
Oryx International Growth Fund Limitedis a PCA of Christopher Mills, Non-Executive Director of Bigblu Broadband Plc
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
GB00BD5JMP10
b)
Nature of the transaction
Share sale under the Company's tender offer
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.40
1,750,690
d)
Aggregated information
- Aggregated volume
1,750,690
- Price
£700,276.00
e)
Date of the transaction
29 April 2025
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Harwood Capital LLP*
2
Reason for the notification
a)
Position/status
Harwood Capital LLPis a PCA of Christopher Mills, Non-Executive Director of Bigblu Broadband Plc
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
GB00BD5JMP10
b)
Nature of the transaction
Share sale
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.40
61,356
d)
Aggregated information
- Aggregated volume
61,356
- Price
£24,542.40
e)
Date of the transaction
29 April 2025
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
North Atlantic Smaller Companies Investment Trust plc *
2
Reason for the notification
a)
Position/status
North Atlantic Smaller Companies Investment Trust plcis a PCA of Christopher Mills, Non-Executive Director of Bigblu Broadband Plc
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
GB00BD5JMP10
b)
Nature of the transaction
Share sale
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.40
2,254,667
d)
Aggregated information
- Aggregated volume
2,254,667
- Price
£901,870.80
e)
Date of the transaction
29 April 2025
f)
Place of the transaction
London Stock Exchange
*Christopher Mills is partner and Chief Investment Officer of Harwood Capital LLP. Harwood Capital LLP is Investment Manager to North Atlantic Smaller Companies Investment Trust plc and investment adviser to Oryx International Growth Fund Limited. Christopher Mill's shareholding is made up of ordinary shares held by North Atlantic Smaller Companies Investment Trust PLC, Oryx International Growth Fund Limited and Harwood Capital LLP.
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