REG - Kinovo PLC - SIP, PDMR Shareholding, Exercise of Options & TVR

KinovoAnnouncement

20/08/2024 07:00

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RNS Number : 9815A  Kinovo PLC  20 August 2024

20 August 2024

 

 

("Kinovo", the "Company" or the "Group")

 

Share Incentive Plan, Director/PDMR Shareholding, Exercise of Options and
Total Voting Rights

Share Incentive Plan

Kinovo Plc (AIM: KINO), the specialist property services Group that delivers
compliance and sustainability solutions, announces the issue and allotment of
248,101 new ordinary shares of 10 pence each in the Company ("Ordinary
Shares") for the benefit of participants in the Company's Share Incentive Plan
(the "SIP") including Persons Discharging Managerial Responsibilities of the
Company (each, a "PDMR").

The SIP is an all-employee trust arrangement approved by HM Revenue and
Customs, under which the trust will acquire Ordinary Shares on behalf of each
participating employee, at the prevailing market price per share at the start
of the accumulation period, using contributions deducted from pre-tax salary
in each calendar month ("Partnership Shares"), with each participating
employee being entitled to one Ordinary Share for each Partnership Share
("Matching Shares"), subject to the SIP rules including a minimum holding
period of three years, using newly issued shares ("SIP New Ordinary Shares").
34% of eligible staff participated in the 2023/24 SIP.

Details of the number of Partnership Shares purchased by the PDMRs at a price
of 44.5 pence per Ordinary Share and the number of Matching Shares allocated
to the PDMRs for no consideration, are set out against their names in the
table below.

 Name           Title                    Number of Partnership Shares  Number of Matching Shares
 David Bullen   Chief Executive Officer  4,045                         4,045
 Clive Lovett   Group Finance Director   4,045                         4,045
 Lee Venables   Chief Operating Officer  4,045                         4,045
 Alison Beach   Director - Subsidiary    4,045                         4,045
 John Lord      Director - Subsidiary    4,045                         4,045
 Nicole Rooney  Director - Subsidiary    4,045                         4,045

 

Application has been made to the London Stock Exchange for the 248,101
Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission
is expected to become effective on or around 21 August 2024. The SIP New
Ordinary Shares will rank pari passu in all respects with the Company's
existing Ordinary Shares.

CSOP Exercise of Options

Kinovo has also received notice by a former employee of the Company to
exercise options over 25,000 ordinary shares of 10p each under the Company's
CSOP ("CSOP New Ordinary Shares").

Application has been made for the 25,000 CSOP New Ordinary Shares to be
admitted to trading on AIM which is expected to occur on 21 August 2024. The
25,000 CSOP New Ordinary Shares will rank pari passu with the Company's
existing shares.

Total Voting Rights

Following Admission of the 248,101 SIP New Ordinary Shares and the 25,000 CSOP
New Ordinary Shares, the issued share capital of the Company will be
63,291,315 Ordinary Shares with one voting right each. The Company does not
hold any shares in treasury.

The above figure may be used by shareholders in the Company 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 share capital
of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         David Bullen
 2   Reason for notification
 a.  Position/Status                                              CEO
 b.  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Kinovo Plc
 b.  LEI                                                          213800JDWVCVYWS87928

 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 of 10 pence each

Identification Code
 

                                                                  GB00BV9GHQ09

 
 b.  Nature of the transaction                                    Purchase and allocation of Partnership and Matching Shares (no consideration),
                                                                  respectively, under the SIP.
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  44.5 p    4,045 (Partnership Shares)
                                                                  Nil       4,045 (Matching Shares)
 d.  Aggregated information                                       Not applicable - single transaction

     - Aggregated Volume

     - Price
 e.  Date of the transaction                                      14 August 2024
 f.  Place of the transaction                                     London Stock Exchange
 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         Clive Lovett
 2   Reason for notification
 a.  Position/Status                                              Group Finance Director
 b.  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Kinovo Plc
 b.  LEI                                                          213800JDWVCVYWS87928

 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 of 10 pence each

Identification Code
 

                                                                  GB00BV9GHQ09

 
 b.  Nature of the transaction                                    Purchase and allocation of Partnership and Matching Shares (no consideration),
                                                                  respectively, under the SIP.
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  44.5p     4,045 (Partnership Shares)
                                                                  Nil       4,045 (Matching Shares)
 d.  Aggregated information                                       Not applicable - single transaction

     - Aggregated Volume

     - Price
 e.  Date of the transaction                                      14 August 2024
 f.  Place of the transaction                                     London Stock Exchange

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
596/2014

1

Details of the person discharging managerial responsibilities/person closely
associated

a.

Name

Clive Lovett

2

Reason for notification

a.

Position/Status

Group Finance Director

b.

Initial notification/ Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor

a.

Name

Kinovo Plc

b.

LEI

213800JDWVCVYWS87928

 

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 10 pence each

 

GB00BV9GHQ09

 

b.

Nature of the transaction

Purchase and allocation of Partnership and Matching Shares (no consideration),
respectively, under the SIP.

c.

Price(s) and volume(s)

 Price(s)  Volume(s)
 44.5p     4,045 (Partnership Shares)
 Nil       4,045 (Matching Shares)

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         Lee Venables
 2   Reason for notification
 a.  Position/Status                                              COO
 b.  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Kinovo Plc
 b.  LEI                                                          213800JDWVCVYWS87928

 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 of 10 pence each

Identification Code
 

                                                                  GB00BV9GHQ09

 
 b.  Nature of the transaction                                    Purchase and allocation of Partnership and Matching Shares (no consideration),
                                                                  respectively, under the SIP.
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  44.5p     4,045 (Partnership Shares)
                                                                  Nil       4,045 (Matching Shares)
 d.  Aggregated information                                       Not applicable - single transaction

     - Aggregated Volume

     - Price
 e.  Date of the transaction                                      14 August 2024
 f.  Place of the transaction                                     London Stock Exchange

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         Alison Beach
 2   Reason for notification
 a.  Position/Status                                              Director - Subsidiary
 b.  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Kinovo Plc
 b.  LEI                                                          213800JDWVCVYWS87928

 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 of 10 pence each

Identification Code
 

                                                                  GB00BV9GHQ09

 
 b.  Nature of the transaction                                    Purchase and allocation of Partnership and Matching Shares (no consideration),
                                                                  respectively, under the SIP.
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  44.5p     4,045 (Partnership Shares)
                                                                  Nil       4,045 (Matching Shares)
 d.  Aggregated information                                       Not applicable - single transaction

     - Aggregated Volume

     - Price
 e.  Date of the transaction                                      14 August 2024
 f.  Place of the transaction                                     London Stock Exchange

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

 

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         John Lord
 2   Reason for notification
 a.  Position/Status                                              Director - Subsidiary
 b.  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Kinovo Plc
 b.  LEI                                                          213800JDWVCVYWS87928

 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 of 10 pence each

Identification Code
 

                                                                  GB00BV9GHQ09

 
 b.  Nature of the transaction                                    Purchase and allocation of Partnership and Matching Shares (no consideration),
                                                                  respectively, under the SIP.
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  44.5p     4,045 (Partnership Shares)
                                                                  Nil       4,045 (Matching Shares)
 d.  Aggregated information                                       Not applicable - single transaction

     - Aggregated Volume

     - Price
 e.  Date of the transaction                                      14 August 2024
 f.  Place of the transaction                                     London Stock Exchange

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

 

 Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No.
 596/2014
 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a.  Name                                                         Nicole Rooney
 2   Reason for notification
 a.  Position/Status                                              Director - Subsidiary
 b.  Initial notification/ Amendment                              Initial Notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a.  Name                                                         Kinovo Plc
 b.  LEI                                                          213800JDWVCVYWS87928

 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 of 10 pence each

Identification Code
 

                                                                  GB00BV9GHQ09

 
 b.  Nature of the transaction                                    Purchase and allocation of Partnership and Matching Shares (no consideration),
                                                                  respectively, under the SIP.
 c.  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  44.5p     4,045 (Partnership Shares)
                                                                  Nil       4,045 (Matching Shares)
 d.  Aggregated information                                       Not applicable - single transaction

     - Aggregated Volume

     - Price
 e.  Date of the transaction                                      14 August 2024
 f.  Place of the transaction                                     London Stock Exchange

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

 

 

Enquiries

 Kinovo plc
 Sangita Shah, Chairman                                          +44 (0)20 7796 4133

 David Bullen, Chief Executive Officer                           (via Hudson Sandler)

 Canaccord Genuity Limited (Nominated Adviser and Sole Broker)   +44 (0)20 7523 8000
 Adam James

 Andrew Potts

 Harry Rees

 Hudson Sandler (Financial PR)                                   +44 (0)20 7796 4133
 Dan de Belder

 Harry Griffiths

 Will Reynish

 

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