REG - Literacy Capital PLC - Director/PDMR Shareholding

Literacy CapitalAnnouncement

30/01/2025 07:00

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RNS Number : 1242V  Literacy Capital PLC  30 January 2025

30 January 2025

Literacy Capital plc ("Literacy" or the "Company")

Director / PDMR Shareholding

 

The Company announces that Paul Pindar, the Chairman of the Company, entered
into an agreement to pledge 15,000,000 Ordinary Shares of £0.001 each in the
Company ("Ordinary Shares") of his holding as security against a personal loan
facility with HSBC to provide liquidity for personal property investment
commitments. The arrangement came into effect on 29 January 2025.

Mr Pindar's shareholding in the Company of 15,500,000 Ordinary Shares remains
unchanged. He is the Company's largest shareholder. Mr Pindar, together with
his wife, Sharon Pindar, own 17,000,000 Ordinary Shares, representing over 28%
of the Company's issued share capital. They have not sold any shares in
Literacy Capital since the Company's Admission to the London Stock Exchange in
June 2021.

 

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                                                         Paul Pindar
 2.                       Reason for the notification
 a)                       Position/status                                              Chairman
 b)                       Initial notification / Amendment                             Initial Notification
 3.                       Details of the issuer, emission allowance market participant, auction
                          platform, auctioneer or auction monitor
 a)                       Name                                                         Literacy Capital plc
 b)                       LEI                                                          2549006P3DFN5HLFGR54
 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                                          ISIN: GB00BMF1L080
 b)                       Nature of the transaction                                    The pledge of 15,000,000 Ordinary Shares as security against a personal loan
                                                                                       facility with HSBC. Mr Pindar remains the beneficial owner of the shares
                                                                                       subject to the pledge and retains full voting rights.
 c)                       Price(s) and volume(s)                                       Price: NA

                                                                                       Volume: 15,000,000
 d)                       Aggregate information                                        As above
                          - Aggregate volume
                          - Total Exercise Price
 e)                       Date of the transaction                                      29 January 2025
 f)                       Place of the transaction                                     Off-market
 g)                       Additional information                                       NA

 

-ENDS-

 

For further information, please contact:

 

Literacy Capital plc / Book Asset Management LLP

Richard Pindar / Aasha Tailor

+44 (0) 20 3960 0280

 

MHP Group

Reg Hoare / Ollie Hoare / Matthew Taylor

book@mhpgroup.com (mailto:book@mhpgroup.com)

+44 (0) 7817 458 804 / + 44 (0) 7827 662 831

 

Singer Capital Markets Securities Limited

Alaina Wong

+44 (0) 20 7496 3000

 

 

A copy of this announcement will be available on the Company's website at
www.literacycapital.com (http://www.literacycapital.com) .

 

 

Neither the content of the Company's website, nor the content on any website
accessible from hyperlinks on its website for any other website, is
incorporated into, or forms part of, this announcement nor, unless previously
published by means of a recognised information service, should any such
content be relied upon in reaching a decision as to whether or not to acquire,
continue to hold, or dispose of, securities in the Company.

 

LEI: 2549006P3DFN5HLFGR54

 

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