Exercise of Options, Director Dealing and TVR
03/02/2020 14:03
RNS Number : 7886B
GRC International Group PLC
03 February 2020
3 February 2020
GRC International Group plc
Exercise of Options, Director Dealing Notification
and Total Voting Rights
GRC International Group plc (the "Company"), a supplier of IT governance, risk management and compliance products and services announces that Steve Watkins, a director of the Company, has exercised options over 1,680,000 ordinary shares of 0.1 pence in the Company ("Ordinary Shares") at a price of 0.31429 pence per share, with 898,646 Ordinary Shares being immediately sold at a price of 13 pence per Ordinary Share to cover a personal tax liability. Both transactions took place on 31 January 2020.
Application has been made to the London Stock Exchange for the admission of the 1,680,000 Ordinary Shares issued. It is anticipated that admission to trading of, and dealings in, the Ordinary Shares will commence on AIM on or around 6 February 2020.
Following the issue of these 1,680,000 Ordinary Shares, the total number of voting rights in the Company will be 66,164,172 and shareholders may use this figure 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.
Following the exercise of options and subsequent sale, the number of Ordinary Shares in which Steve Watkins has a beneficial interest over is 4,426,897 Ordinary Shares, representing 6.7 per cent of the current total voting rights of the Company.
Further details on the exercise are included in the notification below, made in accordance with the requirements of the EU Market Abuse Regulation.
Enquiries:
| GRC International Group plc | +44 (0) 330 999 0222 |
| Alan Calder, Chief Executive Officer Christopher Hartshorne, Finance Director | |
| Grant Thornton UK LLP (Nominated Adviser) | +44 (0) 20 7383 5100 |
| Philip Secrett Jamie Barklem Ben Roberts | |
| Dowgate Capital Limited (Broker) | +44 (0) 20 3903 7715 |
| James Serjeant |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Steve Watkins | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Executive Director | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | GRC International Group plc | |||
| b) | LEI | 21380035NES3I6H4PB87 | |||
| 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 | |||
| Identification code | GB00BG06MV41 | ||||
| b) | Nature of the transaction | Exercise of Options | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| £0.0031429 | 1,680,000 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | N/A | ||||
| - Price | |||||
| e) | Date of the transaction | 31 January 2020 | |||
| f) | Place of the transaction | Outside a trading venue | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a) | Name | Steve Watkins | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Executive Director | |||
| b) | Initial notification /Amendment | Initial | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | GRC International Group plc | |||
| b) | LEI | 21380035NES3I6H4PB87 | |||
| 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 | |||
| Identification code | GB00BG06MV41 | ||||
| b) | Nature of the transaction | Disposal of shares | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
| £0.13 | 898,646 | ||||
| d) | Aggregated information | ||||
| - Aggregated volume | N/A | ||||
| - Price | |||||
| e) | Date of the transaction | 31 January 2020 | |||
| f) | Place of the transaction | London Stock Exchange | |||