Director/PDMR Shareholding
06/03/2026 17:13
RNS Number : 7461V
Tooru PLC
06 March 2026
6 March 2026
Tooru plc
("Tooru" or the "Company")
Director's Dealings / PDMR Shareholding
Tooru, an AIM listed company focused on the branded health and wellness sector, announces that it has been informed by Scott Livingston, the Company's CEO, that between 27 February 2026 and 04 March 2026 he acquired a total of 10,160,333 (including 1,513,838 into SIPP) ordinary shares of 0.01p each (the "Ordinary Shares") in the Company at an average price of 0.2422p per Ordinary Share.
Following these purchases, Scott Livingston now has a direct interest in 194,053,933 Ordinary Shares, representing 8.86 per cent. of the Company's issued share capital.
Concert Party
As disclosed in the Company's circular dated 8 May 2025 for the purposes of the City Code on Takeovers and mergers (the "Takeover Code") S-Ventures plc and Scott Livingston and his close relatives, who at the time held in aggregate an interest in 35.14 per cent. of the Company's then issued share capital, were deemed to be acting in concert.
As a result of the Placing, Conversion and WRAP Retail Offer the results of which were announced on 11 February 2026, the aggregated interest of the Concert Party was diluted to 32.44 per cent.
Pursuant to Note 11 to Rule 9.1 of the Takeover Code, following dilution of the interest of the Concert Party, and subject to certain conditions and limitations, a subsequent acquisition of an interest in further shares without incurring an obligation to make an offer under Rule 9 is permissible.
Scott Livingston has relied on Note 11 to Rule 9.1 dispensation when acquiring the Ordinary Shares as set out above. Following this purchase the Concert Party is interested in aggregate in 32.90 per cent. of the Company's issued share capital.
Enquiries:
| Tooru plc Scott Livingston, CEO | Tel: +44 (0) 20 3475 0230 |
| Beaumont Cornish Limited(Nominated Adviser) Roland Cornish / Asia Szusciak / Felicity Geidt | Tel: +44 (0) 20 7628 3396 |
| Oberon Capital(Joint Broker) Nick Lovering / Adam Pollock / Aimee McCusker | Tel: +44 (0) 20 3179 5300 |
| Fortified Securities(Joint Broker) Guy Wheatley / Mark Wheeler | Tel: +44 (0) 20 7186 9950 |
| Shard Capital Partners LLP(Joint Broker) Damon Heath / Erik Woolgar | Tel: +44 (0) 20 7186 9950 |
| Details of the person discharging managerial responsibilities / person closely associated | ||||||||||||||||||||||||||||||||||
| a) | Name | Scott Livingston | ||||||||||||||||||||||||||||||||
| 2 | Reason for notification | |||||||||||||||||||||||||||||||||
| a) | Position / status | Chief Executive Officer of Tooru plc | ||||||||||||||||||||||||||||||||
| b) | Initial notification/Amendment | Initial | ||||||||||||||||||||||||||||||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||||||||||||||||||||||||||
| a) | Name | Tooru Plc | ||||||||||||||||||||||||||||||||
| b) | LEI | 2138005S1G2RM953YX87 | ||||||||||||||||||||||||||||||||
| 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 £0.0001 ISIN: GB00BKKD0862 | ||||||||||||||||||||||||||||||||
| b) | Nature of the transaction | Purchases | ||||||||||||||||||||||||||||||||
| c) | Price(s) and volumes(s) |
| ||||||||||||||||||||||||||||||||
| d) | Aggregated information Aggregate volume Price(s) | Total 10,160,333 ORDs Average price 0.2422p | ||||||||||||||||||||||||||||||||
| e) | Date of the transaction | Between 2026-02-27 and 2026-03-04 | ||||||||||||||||||||||||||||||||
| f) | Place of the transaction | AIMX | ||||||||||||||||||||||||||||||||