SMV.L

Smoove plc
Smoove PLC - Directors’ Dealings & Holdings in Company
9th October 2023, 14:29
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 4590P
Smoove PLC
09 October 2023
 

Smoove Plc

 

Directors' Dealings & Holdings in Company

 

Smoove plc (LSE: SMV, "Company" or "SMV") received notification on 06 October 2023 from Kestrel Partners LLP ("Kestrel") that on 06 October 2023 it purchased for its discretionary clients a total of 1,300,000 ordinary shares of 0.4p each ("Shares") in the Company at an average price of 52 pence per share. The notification also included the matters set out below.

 

Mr Scott, a non-executive director of SMV, is a partner of Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in SMV.

 

Following this notification, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 10,683,634 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 6,327,461 Shares in the Company.

 

On a combined basis, Kestrel indirectly holds voting rights over 17,011,095 Shares in the Company, which represents 29.84 per cent of the Company's issued share capital.

 

Kestrel's interest in the Shares in the Company is held through the following nominees:

 

Holding type

Nominee

No. of shares

% of issued share capital

Indirect

Bank of New York Nominees Ltd

10,683,634

18.74%

Indirect

JIM Nominees Limited

397,434

0.70%

Indirect

Indirect                                  

Bank of New York Nominees Ltd

Northern Trust Company AVFC

4,381,527

1,548,500

7.68%

2.72%





 

It was disclosed in the announcement of 4 October 2023 that Kestrel has signed an agreement with Digcom UK Holdings Limited (an indirect subsidiary of PEXA Group Limited). Pursuant to the agreement Kestrel irrevocably committed to vote the 15,711,095 shares in the Company (that it controlled on 4 October) in favour of the resolutions to implement the terms of the recommended cash acquisition by Digcom of the entire issued and to be issued share capital of the Company to be sanctioned by was of a court sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Irrevocable"). The additional 1,300,000 shares disclosed as being purchased in this announcement will, under the terms of the Irrevocable, also be irrevocably committed to be voted in favour of the resolutions.

 

For further information contact:

Smoove plc

Via Walbrook PR

Jesper With-Fogstrup, CEO


Michael Cress, CFO




Panmure Gordon (UK) Limited (Nomad & Broker)

Tel: 020 7886 2500

Dominic Morley

Rupert Dearden




Walbrook PR Limited 

smoove@walbrookpr.com or Tel: 020 7933 8780

Tom Cooper/ Nick Rome

 

 

 

 

 

ANNEX

 

Template for 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

 

 

Kestrel Partners LLP ('Kestrel')

 

2

 

Reason for the notification

 

a)

 

Position/status

 

 

PCA - Oliver Rupert Andrew Scott (non-executive director of Smoove plc and Partner in Kestrel)

b)

 

Initial notification /Amendment

 

 

Initial

3

 

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

 

a)

 

Name

 

 

Smoove plc

b)

 

LEI

 

 

213800TDUOUSIQT2OT29

 

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

 

 

0.4p Ordinary Shares

 

 

 

ISIN: GB00BNG8T458

 

b)

 

Nature of the transaction

 

Purchase

c)

 

Price(s) and volume(s)

 

Purchase

06 October 2023

Price(s) pence

 

Volume(s)

52 pence

1,300,000 shares

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

Total Purchase of 1,300,000 shares at an average of 52 pence.

 

e)

 

Date of the transaction

 

06 October 2023

 

f)

 

Place of the transaction

London AIM

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCUKUSROBURRAA]]>
TwitterFacebookLinkedIn