Director/PDMR Shareholding
04/08/2023 17:00
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RNS Number : 4127I IQGeo Group PLC 04 August 2023
IQGeo Group plc
(the "Company" or the "Group")
Director/PDMR Shareholding
IQGeo Group plc (AIM: IQG), a leading developer of geospatial productivity and
collaboration software for telecoms and utility network operators, announces
that Richard Petti, Chief Executive Officer of the Company has purchased 3,406
Ordinary Shares of 2 pence in the Company ("Ordinary Shares") at an average
price of 299 pence per Ordinary Share. Following this transaction, Mr Petti's
beneficial interest in the Company is 224,483 Ordinary Shares, representing
0.36 per cent. of the total issued share capital. Mr Petti also holds options
over 2,060,000 Ordinary Shares.
In addition, the Company has also been notified today that Kestrel Partners
LLP ("Kestrel") has also purchased for, on behalf of its discretionary
clients, an aggregate of 41,696 Ordinary Shares at an average price of 296
pence per share. Mr Royde is a partner of, and holds a beneficial interest in,
Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is
therefore deemed to have a beneficial interest in Kestrel Opportunities'
entire legal holding in IQGeo.
Following this transaction, Kestrel Opportunities holds (and consequently Mr
Royde is deemed to have a beneficial interest in) 11,726,984 Shares in the
Company, and other clients of Kestrel, in which Mr Royde has no beneficial
interest, hold 4,658,704 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 16,385,688
Shares in the Company, which represents 26.62 per cent. of the Company's
issued share capital.
Kestrel's interest in the Shares in the Company is held through the following
nominees:
Holding type Nominee No. of shares % of issued share capital
Indirect Bank of New York Nominees Ltd 11,726,984 19.06%
Indirect JIM Nominees Limited 355,203 0.57%
Indirect Bank of New York Nominees Ltd 4,069,727 6.61%
Indirect Northern Trust Company AVFC 233,774 0.38%
Further to the above, Deborah Chapman, the wife of Haywood Chapman, Chief
Financial Officer of the Company, has for personal reasons, sold 35,000
ordinary shares at an average price of 290 pence per share. Following the
above transaction, Mr Chapman's beneficial interest in the Company is 96,228
Ordinary Shares, representing 0.16 per cent. of the total issued share
capital. Mr Chapman also holds options over 850,000 shares.
For further information contact:
IQGeo Group
plc
+44 1223 606655
Richard Petti
Haywood Chapman
finnCap
Ltd
+44 20 7220 0500
Henrik Persson, Seamus Fricker (Corporate Finance)
Tim Redfern, Charlotte Sutcliffe (ECM)
Notes to Editors
About IQGeo
Telecommunications and utility operators are "Building better networks" with
IQGeo's award-winning software solutions. The ability to powerfully model any
network requirement, integrate every system and data source, and support field
and office teams with continual innovation is helping operators create the
networks of the future. Our solutions ensure greater cross-team collaboration
and process efficiency throughout the network lifecycle, from planning and
design to construction, operations, and sales.
Whether it's highly competitive fiber and 5G broadband rollouts or complex
utility grid modernization projects, IQGeo's enterprise solutions, our
OSPInsight fiber design software, and our Comsof automated planning software
are proven industry leaders. We partner with large multinationals and smaller
regional operators to deliver the digital innovation they need to increase
network resilience, operational safety, and business ROI.
Headquartered in Cambridge, with offices in Denver, Ghent, Toronto, Frankfurt
and Tokyo, we work with some of the largest network infrastructure operators
in the world. For more information visit: www.iqgeo.com/
The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU No.
596/2014) which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.
Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them are set
out below pursuant to the EU Market Abuse regulation.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Richard Petti
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IQGEO Group plc
b) LEI 213800P2PCLCEFANB194
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 2p Ordinary Shares
Identification code
ISIN: GB00B3NCXX73
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
299 pence 3,406
d) Aggregated information As above in 4(c)
- Aggregated volume
- Price
e) Date of the transaction 3 August 2023
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
As above in 4(c)
e)
Date of the transaction
3 August 2023
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Kestrel Partners LLP
2 Reason for the notification
a) Position/status PCA - Max Royde (non-executive director IQGeo Group plc)
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IQGEO Group plc
b) LEI 213800P2PCLCEFANB194
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 2p Ordinary Shares
Identification code
ISIN: GB00B3NCXX73
b) Nature of the transaction Purchase
c) Price(s) and volume(s) 04 August 2023
Price(s) Volume(s)
290 pence 17,500 shares
300 pence 24,196 shares
d) Aggregated information Total 41,696 shares @ GBP 296 pence
- Aggregated volume
- Price
e) Date of the transaction 04 August 2023
f) Place of the transaction London Stock Exchange (XLON)
d)
Aggregated information
- Aggregated volume
- Price
Total 41,696 shares @ GBP 296 pence
e)
Date of the transaction
04 August 2023
f)
Place of the transaction
London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Deborah Chapman
2 Reason for the notification
a) Position/status Person closely associated (PCA) to Haywood Chapman, Chief Financial Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IQGEO Group plc
b) LEI 213800P2PCLCEFANB194
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 2p Ordinary Shares
Identification code
ISIN: GB00B3NCXX73
b) Nature of the transaction Sale of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
290 pence 35,000
d) Aggregated information As above in 4(c)
- Aggregated volume
- Price
e) Date of the transaction 3 August 2023
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Richard Petti
2 Reason for the notification
a) Position/status Chief Executive Officer
b) Initial notification /Amendment Initial
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name IQGEO Group plc
b) LEI 213800P2PCLCEFANB194
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 2p Ordinary Shares
Identification code
ISIN: GB00B3NCXX73
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
299 pence 3,406
d) Aggregated information As above in 4(c)
- Aggregated volume
- Price
e) Date of the transaction 3 August 2023
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
d)
Aggregated information
- Aggregated volume
- Price
As above in 4(c)
e)
Date of the transaction
3 August 2023
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
1
Details of the person discharging managerial responsibilities / person closely
associated
a)
Name
Richard Petti
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification /Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a)
Name
IQGEO Group plc
b)
LEI
213800P2PCLCEFANB194
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
2p Ordinary Shares
ISIN: GB00B3NCXX73
b)
Nature of the transaction
Purchase of Ordinary Shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
299 pence 3,406
d)
Aggregated information
- Aggregated volume
- Price
As above in 4(c)
e)
Date of the transaction
3 August 2023
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)
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