REG - GRC Intnl.Group PLC - Exercise of Options, Director Dealing and TVR

Grc InternationalAnnouncement

03/02/2020 14:05

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



 




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