Director/PDMR dealings
Updated : 07:06
For immediate release | 31 May 2019 |
Keystone Law Group plc
('Keystone' or the 'Company')
Director/PDMR dealings
The board of Keystone Law Group plc was today informed of the following transaction in ordinary shares of 0.2 pence each ("Ordinary Shares") in the capital of the Company:
· Root Capital Fund II Limited Partnership ("Root Capital"), classified as a Person Closely Associated with Simon Philips, a Non-Executive Director of the Company, sold 1,000,000 Ordinary Shares. Root Capital's interest is now in 2,150,000 Ordinary Shares, representing 6.87% of the Company's issued share capital.
This transaction, which was undertaken today in response to market demand, was completed at a price of 450 pence per Ordinary Share.
Root Capital has agreed not to sell any further Ordinary Shares until the publication of the Company's interim results for the six months ending 31 July 2019. In addition, Root Capital's interest is governed by an orderly market agreement which continues until 27 November 2019.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
- Ends -
For further information:
Keystone Law Group plc |
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James Knight, Chief Executive Officer | Tel: +44 (0) 20 3319 3700 | |
Ashley Miller, Finance Director |
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Panmure Gordon (UK) Limited (Nominated Adviser and Broker) |
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Dominic Morley / Ryan Lever (Corporate Advisory) | Tel: +44 (0) 20 7886 2500 | |
Erik Anderson (Corporate Broking) | ||
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Media enquiries:
Buchanan |
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Henry Harrison-Topham / Steph Watson | Tel: +44 (0) 20 7466 5000 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them.
1
| Details of the person discharging managerial responsibilities / person closely associated | |
a)
| Name | Root Capital Fund II Limited Partnership |
2
| Reason for the notification | |
a)
| Position/status
| Person Closely Associated Simon Philips is a Non-Executive Director and PDMR of Keystone Law Group plc, managing partner of Root Capital LLP and a limited partner in Root Capital Fund II Limited Partnership. Root Capital LLP is the general partner of Root Capital Fund II Limited Partnership.
|
b)
| Initial notification /Amendment
| Initial Notification |
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a)
| Name
| Keystone Law Group plc |
b)
| LEI | 213800RTARHELL51S215 |
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 0.2 pence each in the capital of the Company |
b) | Identification code
| GB00BZ020557 |
c)
| Nature of the transaction
| Sale of Ordinary Shares |
d)
| Price(s) and volume(s) | Price: £4.50 Volume(s) - 1,000,000
|
d)
| Aggregated information - Aggregated volume - Price | N/a
|
e)
| Date of the transaction | 30 May 2019 |
f)
| Place of the transaction | London Stock Exchange, AIM (XLON) |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Name of authorised official of issuer responsible for making notification.
Ashley Miller
Finance Director, Keystone Law Group plc
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.