REG - System1 Group PLC - Exercise of Options, Directors Dealings and TVR

System1Announcement

23/04/2021 09:45

RNS Number : 4357W
  
System1 Group PLC
  
23 April 2021
  
 

 



Press Release 



 
 



23 April 2021



 
 
System1 Group PLC (AIM: SYS1)
 ("System1", or "the Company", or "the Group")
 
Exercise of Options, Directors Dealings and Total Voting Rights
 
The Company announces that John Kearon, Chief Executive Officer of the Company, has exercised 116,568 options over ordinary shares of 1 pence each ("Ordinary Shares") and has sold 116,568 Ordinary Shares, in part to fund the relevant tax, at a price of 240 pence per Ordinary Share.
A total of 116,568 Ordinary Shares which were previously held in treasury have been utilised to satisfy the exercise of the share options.
Following the exercise of options and sale of 116,568 Ordinary Shares, Mr. Kearon holds 2,918,235 Ordinary Shares, representing 22.74 per cent. of the issued share capital of the Company (following issue of the 116,568 new Ordinary Shares).
Following the above, the Company now holds 393,853 Ordinary Shares as treasury shares and its total number of Ordinary Shares with voting rights is now 12,832,920, which may be used by shareholders 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, System1 Group PLC under the FCA's Disclosure Guidance and Transparency Rules.
 
The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation. 
 
The Company can be found at www.system1group.com.
 
For further information, please contact:



System1 Group PLC


Tel: +44 (0)20 7043 1000


 




John Kearon, Chief Executive Officer






 




Chris Willford, Chief Financial Officer






 














Canaccord Genuity Limited


Tel: +44 (0)20 7523 8000




Simon Bridges / Andrew Potts











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



1.


Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA")




a)


Name


John Kearon




2.


Reason for the notification




a)


Position / status


Chief Executive Officer




b)


Initial notification / amendment


Initial notification




3.


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




a)


Name


System1 Group PLC




b)


Legal Entity Identifier


213800TDLR42C3Q9ZB74




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


Ordinary Shares
GB00B1GVQH21




b)


Nature of the transaction


(a)  Exercise of options 
(b)  Sale of ordinary shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




a) 0p
(b) 240p 


116,568 shares
 116,568 shares








d)


Aggregated information
-  Aggregated volume
-  Aggregated price
-  Aggregated total


 
116,568 Ordinary Shares exercised at a price of 0 pence per Ordinary Share 
116,568 Ordinary Shares sold at a price of 240 pence per Ordinary Share




e)


Date of the transaction


22 April 2021




f)


Place of the transaction


London Stock Exchange



 
 

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