REG - Blancco Tech Grp PLC - Share Allotment, TVR and Directors' Dealings

Blancco TechnologyAnnouncement

18/10/2023 07:00

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RNS Number : 4481Q  Blancco Technology Group PLC  18 October 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

 

FOR IMMEDIATE RELEASE

 
18 October 2023
BLANCCO TECHNOLOGY GROUP PLC
 
(the "Company" or "Blancco")
 
SHARE ALLOTMENT, TOTAL VOTING RIGHTS AND DIRECTORS' DEALINGS
 

Further to the announcement made on 16 October 2023 that the Offer made by
Bidco for the entire issued and to be issued share capital of Blancco had
become unconditional, Blancco Technology Group (AIM: BLTG) announces that, on
17 October 2023, 1,864,742 Ordinary Shares of 2p each ("the New Ordinary
Shares") were issued and allotted, conditional on Admission of the New
Ordinary Shares to trading on AIM, to satisfy the vesting of awards and
exercise of options held by employees (including certain directors, further
details of which are provided below) of the Company pursuant to the Company's
performance share plan and save as you earn plan.

 

Application has been made for the New Ordinary Shares to be admitted to
trading on AIM ("Admission") and it is expected that Admission will take place
on or around 24 October 2023. The employees as beneficial holders of the New
Ordinary Shares have given instructions to Blancco Trustees Limited in its
capacity as the legal owner of the New Ordinary Shares to accept the Offer.

 

Following Admission, the New Ordinary Shares will rank equally with the
existing Ordinary Shares, the total number of Ordinary Shares in issue will be
77,574,599 and the total number of voting rights will also be 77,574,599. This
figure may be used by shareholders 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 share capital of the Group under the FCA's
Disclosure Guidance and Transparency Rules.

Capitalised terms and expressions used but not defined in this announcement
have the same meanings as given to them in the Offer Document published by
Bidco and dated 8 August 2023.

 
Directors' dealings

 

 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                                        Matt Jones
 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:                                                                        Blancco Technology Group plc
 b)  LEI:                                                                         2138008487QKMQTA5428
 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: Identification  Ordinary Shares of 2p each GB00B06GNN57
     code:
 b)  Nature of the transaction:                                                   Vesting of performance share plan awards
 c)  Price(s) and volume(s):

Price(s)  Volume(s)
                                                                                  nil       523,031
 d)  Aggregated information:                                                      Single transaction as in 4 c) above

     ·    Aggregated volume:                                                      523,031

     ·    Price:                                                                  nil
 e)  Date of the transaction:                                                     2023-10-17
 f)  Place of the transaction:                                                    Outside of a trading venue
 1.  Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name:                                                                        Adam Moloney
 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:                                                                        Blancco Technology Group plc
 b)  LEI:                                                                         2138008487QKMQTA5428
 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: Identification  Ordinary Shares of 2p each GB00B06GNN57
     code:
 b)  Nature of the transaction:                                                   Vesting of performance share plan awards,  exercise of nil cost options and
                                                                                  SAYE options
 c)  Price(s) and volume(s):

Price(s)  Volume(s)
                                                                                  nil       181,490
 d)  Aggregated information:                                                      Single transaction as in 4 c) above

     ·    Aggregated volume:                                                      181,490

     ·    Price:                                                                  nil
 e)  Date of the transaction:                                                     2023-10-17
 f)  Place of the transaction:                                                    Outside of a trading venue

d)

Aggregated information:

·    Aggregated volume:

·    Price:

Single transaction as in 4 c) above

523,031

nil

e)

Date of the transaction:

2023-10-17

f)

Place of the transaction:

Outside of a trading venue

1.

Details of the person discharging managerial responsibilities/person closely
associated

a)

Name:

Adam Moloney

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:

Blancco Technology Group plc

b)

LEI:

2138008487QKMQTA5428

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: Identification
code:

Ordinary Shares of 2p each GB00B06GNN57

b)

Nature of the transaction:

Vesting of performance share plan awards,  exercise of nil cost options and
SAYE options

c)

Price(s) and volume(s):

 

 Price(s)  Volume(s)
 nil       181,490

d)

Aggregated information:

·    Aggregated volume:

·    Price:

Single transaction as in 4 c) above

181,490

nil

e)

Date of the transaction:

2023-10-17

f)

Place of the transaction:

Outside of a trading venue

 

 

 

 

 

 

For further information:

 

 

 Blancco Technology Group plc                                                  Via Buchanan

 Matt Jones, Chief Executive Officer

 Adam Moloney, Chief Financial Officer

 Lorraine Young, Company Secretary

 Stifel Nicolaus Europe Limited (Joint Financial Adviser and Corporate Broker   +44 (0) 20 7710 7600
 to Blancco)

 Nick Adams

 Nick Harland

 Richard Short

 Ben Burnett

 Buchanan Communications Limited

 Chris Lane / Jack Devoy                                                       +44 (0) 20 7466 5000

 blancco@buchanan.uk.com (mailto:blancco@buchanan.uk.com)

 

About Blancco

Blancco Technology Group plc is a leading global provider of mobile lifecycle
solutions and secure data erasure solutions.  For more information, please
visit www.blancco.com (https://www.blancco.com/) .

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