REG - Cirata PLC - Director/PDMR Shareholding

CirataAnnouncement

15/02/2024 16:30

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RNS Number : 3417D  Cirata PLC  15 February 2024

15 February 2024

 

Cirata plc

("Cirata" or the "Company")

 

 

Director/PDMR Shareholdings

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities

 

 

Cirata plc (LSE: CRTA) provides the following notification of a transaction by
persons discharging managerial responsibilities ("PDMR") relating to the
vesting of shares under the 2013 Cirata plc US Equity Incentive Plan ("the
Plan").

 

On 3 October 2022 Mr. Peter Lees (non-executive director) ("Mr Lees") was
granted 24,560 Restricted Stock Units under the terms of the Plan ("Plan
Award") all of which vested on 4 October 2023, as disclosed in the
announcement of 4 October 2022.

 

On 8 December 2023, Mr. Lees sold 15,300 ordinary shares (the "Disposal") at a
price of 62.25 pence per ordinary share, in part to cover the tax and national
insurance liability which arose upon the vesting of the Plan Award.

 

Due to an administrative oversight, there was a delay to the notification of
the Disposal. Following the Disposal, Mr Lees will be the beneficial owner of
69,260 ordinary shares, representing 0.06% of the total issued share capital
of the Company.

 

The Disposal details are shown below:

 

 Name of Director  Total Number of ordinary shares held    Number of ordinary shares sold on 8 December 23  Disposal Price per ordinary share  No. Of ordinary shares remaining
 Peter Lees        84,560                                  15,300                                           62.25 pence                        69,260

 

 

 

 

 

For further information, please contact:

 

 Cirata                                     Via FTI Consulting
 Stephen Kelly, Chief Executive Officer
 Ijoma Maluza, Chief Financial Officer
 Daniel Hayes, Investor Relations

 FTI Consulting                             +44 (0)20 3727 1137
 Matt Dixon /Kwaku Aning / Usama Ali

 Stijfel (Nomad and Joint Broker)           +44 (0)20 7710 7600
 Fred Walsh / Richard Short / Tom Marsh

 Liberum (Joint Broker)                     +44 (0)20 3100 2000
 Max Jones / Ben Cryer / Nikhil Varghese

 

About Cirata

 

Cirata, accelerates data-driven revenue growth by automating data transfer and
integration to modern cloud analytics and AI platforms without downtime or
disruption. With Cirata, data leaders can leverage the power of AI and
analytics across their entire enterprise data estate to freely choose
analytics technologies, avoid vendor, platform, or cloud lock-in while making
AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of
products and technology solutions make strategic adoption of modern data
analytics efficient and automated. For more information about Cirata,
visit www.cirata.com (http://www.cirata.com)

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Peter Lees

 2    Reason for the notification

 a)   Position/status                                              Non-Executive Director (PDMR for notification)

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Cirata plc

 b)   LEI                                                          213800Y1A75RSC698O04

 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 10 p each

      Identification code

                                                                   ISIN: JE00B6Y3DV84
 b)   Nature of the transaction                                    Sale of Ordinary Shares in relation to the 2013 Cirata plc US Equity Incentive

                                                            Plan

 c)   Price(s) and volume(s)                                       Price(s)     Volume(s)

                                                                   62.25 pence  15,300
 d)   Aggregated information                                       N/A

 e)   Date of the transaction                                      8 December 2023

 f)   Place of the transaction                                     London Stock Exchange (XLON)

d)

 

Aggregated information

 

N/A

e)

 

Date of the transaction

8 December 2023

f)

Place of the transaction

London Stock Exchange (XLON)

 

 

 

 

 

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