REG - Keywords Studios PLC - Sale of ordinary shares by Directors (the "Sale") <Origin Href="QuoteRef">KWS.L</Origin>

Keywords StudiosAnnouncement

24/05/2017 07:07

RNS Number : 0391G
Keywords Studios PLC
24 May 2017
24 May 2017    FOR IMMEDIATE RELEASE
Keywords Studios PLC 
("Keywords" or "the Company")
Sale of ordinary shares by Directors (the "Sale")
Keywords (AIM: KWS), the international technical services provider to the global video games industry, announces that it has been informed that PEQ Holdings Ltd. ("PEQ"), the holding company of the founders of Keywords led by Giorgio Guastalla, Non-Executive Director of Keywords, and Andrew Day, CEO of Keywords, successfully sold 3,978,000 and 500,000ordinary shares in Keywords, respectively (the "Sale Shares") at 820 pence per share, such Sale Shares in aggregate being approximately 8.05per cent of the existing issued share capital of the Company.
Following the Sale, PEQ and Andrew Day will retain beneficial interests in approximately 7.2 per cent and 5.9 per cent, respectively, of the entire issued share capital of Keywords. PEQ and Andrew Day have agreed to lock-in arrangements in relation to the balance of their ordinary shares of 180 days.
Andrew Day, CEO of Keywords, commented:
"The Sale will help broaden the Company's shareholder register and help satisfy some of the institutional demand for the Company's shares. Giorgio and I retain significant holdings in the Company following the Sale ensuring we are aligned with new and existing shareholders to continue to drive the Company forward."
ANNEX
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Andrew Day
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
Keywords Studios PLC
b)
LEI
NA
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
Ordinary Shares of 1 pence
GB00BBQ38507
b)
Nature of the transaction
Sale of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
820 pence
500,000
d)
Aggregated information
- Aggregated volume
- Price
NA
e)
Date of the transaction
24 May 2017
f)
Place of the transaction
London Stock Exchange
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Giorgio Guastalla (through PEQ Holdings Ltd)
2
Reason for the notification
a)
Position/status
Non-Executive Director 
b)
Initial notification /Amendment
Initial
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Keywords Studios PLC
b)
LEI
NA
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
Ordinary Shares of 1 pence
GB00BBQ38507
b)
Nature of the transaction
Sale of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
820 pence
3,978,000
d)
Aggregated information
- Aggregated volume
- Price
NA
e)
Date of the transaction
24 May 2017
f)
Place of the transaction
London Stock Exchange
For further information, please contact:
Keywords Studios (www.keywordstudios.com)
Andrew Day, Chief Executive Officer
David Broderick, Chief Financial Officer
Tel: +353 190 22 730
Numis Securities
Stuart Skinner/ Kevin Cruickshank (Nominated Adviser)
James Black / Tom Ballard (Corporate Broker)
Tel: +44 20 7260 1000
Berenberg
Chris Bowman/Ben Wright/Marie Stolberg (Sole Bookrunner & Placing Agent)
Tel: +44 20 3207 7800
MHP Communications
Katie Hunt / Ollie Hoare
Tel: +44 20 3128 8794


This information is provided by RNS
The company news service from the London Stock Exchange
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