TIDMIQG

RNS Number : 3622W

IQGeo Group PLC

17 August 2022

17 August 2022

IQGEO Group Plc

Directors' Dealings

Further to the Results of Fundraising announcement dated 12 August, IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 17 August 2022 from Kestrel Partners LLP ("Kestrel") that on the 12 August 2022 it had agreed to purchase, on behalf of its discretionary clients, an aggregate of 748,000 ordinary shares of 2p each ("Shares") in the Company at a price of GBP1.25 per share.

Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in IQGEO.

Following the admission of the Placing Shares (as defined in the Results of Fundraising announcement) Kestrel Opportunities will hold (and consequently Mr Royde will be deemed to have a beneficial interest in) 11,726,984 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest will hold 4,391,522 Shares in the Company.

On a combined basis, Kestrel indirectly will hold voting rights over 16,118,506 Shares in the Company, representing 26.27 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     Nominee                      No. of shares   % of issued share 
  type                                                              capital 
             Bank of New York Nominees 
 Indirect     Ltd                            11,726,984              19.11% 
 Indirect    JIM Nominees Limited               321,795               0.53% 
             Bank of New York Nominees 
 Indirect     Ltd                             4,069,727               6.63%

The PDMR dealing notification, as announced on 12 August 2022 is replicated below.

For further information contact:

 
 IQGEO Group plc                             +44 1223 606655 
 Richard Petti 
 Haywood Chapman 
 
 finnCap Ltd                                 +44 207 220 0500 
 Henrik Persson, Seamus Fricker (Corporate Finance) 
 Tim Redfern, Richard Chambers (ECM)

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                     Kestrel Partners LLP 
     -----------------------  ---------------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status          PCA - Max Royde (non-executive director IQGeo 
                                Group plc) 
     -----------------------  ---------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ---------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                     IQGEO Group plc 
     -----------------------  ---------------------------------------------- 
 b)   LEI                      213800P2PCLCEFANB194 
     -----------------------  ---------------------------------------------- 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------- 
 a)   Description              2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     -----------------------  ---------------------------------------------- 
 b)   Nature of the            Purchase of shares 
       transaction 
     -----------------------  ---------------------------------------------- 
 c)   Price(s) and              16 August 2022 
       volume(s)                 Price(s)   Volume(s) 
                                           --------------- 
                                 1.25       748,000 shares 
                                           --------------- 
     -----------------------  ---------------------------------------------- 
 d)   Aggregated information   Total 748,000 shares @ GBP 1.25 
       - Aggregated 
       volume 
       - Price 
     -----------------------  ---------------------------------------------- 
 e)   Date of the              16 August 2022 
       transaction 
     -----------------------  ---------------------------------------------- 
 f)   Place of the             London Stock Exchange (XLON) 
       transaction 
     -----------------------  ----------------------------------------------

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END

DSHUBAURUWUWAAR

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August 17, 2022 08:30 ET (12:30 GMT)

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