REG - Built Cybernetics - Notice of Director/PDMR Warrant exercise
Tue 07:00
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RNS Number : 5125G Built Cybernetics PLC 29 April 2025
29 April 2025
Built Cybernetics plc
("Built Cybernetics", the "Company," or, together with its subsidiaries, the
"Group")
Notice of Director/PDMR Warrant exercise
Built Cybernetics plc (AIM: BUC), the Smart Buildings Group, announces that
certain directors/PDMRs who hold Built Cybernetics warrants are exercising
their entire warrant holdings. In aggregate, 14,000,000 warrants are being
exercised at one penny each, which will result in the issue of 14,000,000 new
ordinary shares of one penny each in the Company ("Ordinary Shares"). Total
gross proceeds to the Company from the warrants exercise will be £140,000.
The majority of the warrants being exercised are held in workplace SIPP
accounts with third parties and accordingly the full exercise process may take
several weeks. Accordingly, application will be made to the London Stock
Exchange for admission ("Admission") of the 14,000,000 new Ordinary Shares in
due course and a further announcement will be made as appropriate.
The participation by members of the Board and management in the exercise of
warrants is as set out in the table below:
Name Role Number of Warrants being exercised Resultant no. of Ordinary Shares held % enlarged share capital*
Nick Clark Chief Executive 2,000,000 44,531,539 12.54%
Tony Barkwith Group Finance Director 5,000,000 10,000,000 2.82%
Freddie Jenner Chief Operating Officer 2,500,000 11,064,817 3.12%
Robert Fry Deputy Chairman 2,000,000 6,150,000 1.73%
Jason Brameld CTO (non-Board PDMR) 2,500,000 5,785,110 1.63%
* as enlarged by the exercise of the 14,000,000 warrants
No members of the board hold any further warrants. Following the exercise of
these warrants there are 23,500,000 warrants outstanding which, if exercised,
would raise a further £235,000 for the Company.
For further information, please contact:
Investor Enquiries
We encourage all investors to share questions on this announcement via our https://builtcybernetics.com/link/Ky08Zy
investor hub (https://builtcybernetics.com/link/Ky08Zy)
Built Cybernetics plc
Nick Clark, Chief Executive +44 (0) 20 7843 3001
Strand Hanson Limited, Financial and Nominated Advisor
Richard Johnson, James Bellman +44 (0) 20 7409 3494
Zeus Capital Limited, Broker
Simon Johnson, Louisa Waddell +44 (0) 20 3829 5000
About Built Cybernetics plc
Built Cybernetics is a London-quoted PropTech group delivering Smart Buildings
and related services. The Group is uniquely positioned to ensure the technical
systems that run modern premises are designed as an integral part of the
structure, from the outset. By cross-selling smart buildings services
alongside our renowned architecture projects, the Group's strategy positions
Built Cybernetics plc to build beyond one-off project fees and generate
scalable and recurring revenues for our investors.
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The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.
The below notification is made in accordance with the Article 19 of the Market
Abuse Regulation (EU) 596/2014, as it forms part of United Kingdom domestic
law by virtue of the European Union (Withdrawal) Act 2018, as amended.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name 1. Nick Clark
2. Tony Barkwith
3. Freddie Jenner
4. Robert Fry
5. Jason Brameld
2 Reason for the notification
a) Position/status 1. Director (Chief Executive)
2. Director (Group Finance Director)
3. Director (COO)
4. Director (Deputy Chairman)
5. PDMR (CTO)
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Built Cybernetics plc
b) LEI 213800WWNHLPUBSUK220
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 1 penny each
Identification code GB0000617950
b) Nature of the transaction Exercise of warrants to subscribe for Ordinary Shares
c) Currency GBP - British Pound
d) Price(s) and volume(s)
Price(s) Volume(s)
All at 1p per share 1. 2,000,000
2. 5,000,000
3. 2,500,000
4. 2,000,000
5. 2,500,000
e) Aggregated information
- Aggregated volume 14,000,000
- Aggregate Value £140,000
f) Date of the transaction 28 April 2025
g) Place of the transaction Off-market
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