REG - Sabien Technology - Issue of shares to directors

Sabien TechnologyAnnouncement

30/06/2025 15:00

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RNS Number : 0315P  Sabien Technology Group PLC  30 June 2025

30 June 2025

Sabien Technology Group plc

("Sabien" or the "Company")

 

Issue of shares to directors

 

Sabien (AIM: SNT), a leading provider of energy reduction technologies,
announces the issue of new ordinary shares of 3p each in the capital of the
Company ("Ordinary Shares") to the Sabien board of directors (the "Board" or
the "Directors") in satisfaction of their aggregated outstanding remuneration
of £135,990.

 

In line with the Company's cost saving strategy as well as to allow Sabien to
follow its growth plans without unduly diluting shareholders in a difficult
funding environment, the Board have agreed to receive their outstanding
remuneration in new Ordinary Shares. This follows the Company's notification
on 19 November 2024, where it was noted that as part of the Company's ongoing
cost strategy it reserves the right in the future to issue new Ordinary Shares
to the Board in satisfaction of their outstanding remuneration.

 

In total, 1,766,102 new Ordinary Shares have been issued to the Board (the
"Board Shares") at a deemed issue price of 7.7p per new Ordinary Share, the
average of the last five days' closing share prices. The following amounts
will be settled in new Ordinary Shares with fractional entitlements rounded
down:

 

 DIRECTOR            COUNTERPARTY              OUTSTANDING REMUNERATION  PRICE PER NEW ORDINARY SHARE PENCE  NEW ORDINARY SHARES ISSUED  TOTAL BENEFICIAL INTEREST POST ISSUE  PERCENTAGE OF ENLARGED SHARE CAPITAL OF ADMISSION

                                               £
 Richard Parris      Parris Group Limited      57,500                    7.7                                 746,753                     7,140,175                             26.65%
 Edward Sutcliffe    TVI Group Limited         22,240                    7.7                                 288,829                     473,418                               1.77%
 Charles Goodfellow  Woodlands Lery Limited    22,500                    7.7                                 292,208                     571,695                               2.13%
 Ranald              Bridgend Finance Limited  33,750                    7.7                                 438,312                     707,542                               2.64%

 McGregor-Smith
                                               135,990                                                       1,766,102

 

Any VAT payable on the remuneration will be paid in cash.

 

Admission to trading on AIM

Application will be made to the London Stock Exchange plc for the 1,766,102
Board Shares to be admitted to trading on AIM ("Admission").

 

It is currently anticipated that Admission will become effective and that
dealings in the 1,766,102 new Ordinary Shares will commence on AIM at 8.00
a.m. on or around 4 July 2025.

 

Total voting rights

On Admission, the Company will have 26,793,485 Ordinary Shares in issue,
each with one voting right. There are no shares held in treasury. Therefore,
the Company's total number of Ordinary Shares in issue and voting rights will
be 26,793,485 and this figure may be used by Shareholders from Admission 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.

 

The FCA notification, made in accordance with the requirements of the UK
Market Abuse Regulation, is set out at the end of this announcement.

 For further Information, please contact:

 Sabien Technology Group plc                           +44 20 7993 3700

 Richard Parris, Executive Chairman                    investors@sabien.com (mailto:investors@sabien.com)

 Allenby Capital Limited (Nominated Adviser)

 John Depasquale / Nick Harriss / Vivek Bhardwaj       +44 203 328 5656

 Peterhouse Capital Limited (Broker)

 Duncan Vasey / Lucy Williams                          +44 207 469 0930

 

About Sabien Technology Group plc

Sabien Technology Group plc provides energy reduction solutions designed to
help businesses achieve their sustainability goals, with a particular focus on
reducing energy consumption and carbon emissions.

 

The Sabien Technology Group plc holds the Green Economy Mark from the London
Stock Exchange, recognising companies generating over 50% of their revenues
from sustainable products and services.

 

Website: www.sabien.com (http://www.sabien.com/)

 

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Name                   Position
                                                                   Richard Parris         Executive Chairman
                                                                   Edward Sutcliffe       Chief Financial Officer
                                                                   Charles Goodfellow     Non-Executive Director
                                                                   Ranald McGregor-Smith  Non-Executive Director
 2    Reason for the notification
 a)   Position/status                                              See above.

 b)   Initial notification /Amendment                              Initial notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Sabien Technology Group Plc
 b)   LEI                                                          213800S5QG1SMGHFHY68
 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 3 pence each in Sabien Technology Group Plc ("Ordinary

                                                            Shares")

      Identification code

                                                                   Identification code (ISIN) for Sabien Technology Group Plc ordinary shares:
                                                                   GB00BN6JG812
 b)   Nature of the transaction                                    Issue of new Ordinary Shares

 c)   Price(s) and volume(s)                                       Name                   Number of new Ordinary Shares  Price
                                                                   Richard Parris         746,753                        7.7 pence
                                                                   Edward Sutcliffe       288,829                        7.7 pence
                                                                   Charles Goodfellow     292,208                        7.7 pence
                                                                   Ranald McGregor-Smith  438,312                        7.7 pence
 d)   Aggregated information

      - Aggregated volume                                          -       See above

      - Price                                                      -       See above
 e)   Date of the transaction                                      30 June 2025
 f)   Place of the transaction                                     Outside a trading venue

2

Reason for the notification

a)

Position/status

See above.

 

b)

 

Initial notification /Amendment

Initial notification

3

 

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

a)

Name

Sabien Technology Group Plc

b)

LEI

213800S5QG1SMGHFHY68

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 3 pence each in Sabien Technology Group Plc ("Ordinary
Shares")

 

Identification code (ISIN) for Sabien Technology Group Plc ordinary shares:
GB00BN6JG812

b)

Nature of the transaction

Issue of new Ordinary Shares

 

c)

Price(s) and volume(s)

 Name                   Number of new Ordinary Shares  Price
 Richard Parris         746,753                        7.7 pence
 Edward Sutcliffe       288,829                        7.7 pence
 Charles Goodfellow     292,208                        7.7 pence
 Ranald McGregor-Smith  438,312                        7.7 pence

d)

Aggregated information

- Aggregated volume

- Price

 

-       See above

-       See above

e)

Date of the transaction

30 June 2025

f)

Place of the transaction

Outside a trading venue

 

 

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