Aeorema Communications Plc Completion of vendor placing (6433Q)
13 September 2017 - 8:36PM
UK Regulatory
TIDMAEO
RNS Number : 6433Q
Aeorema Communications Plc
13 September 2017
Aeorema Communications plc / Index: AIM / Epic: AEO / Sector:
Media
13 September 2017
Aeorema Communications plc ('Aeorema' or the 'Company')
Completion of vendor placing and director dealings and
appointment of Joint Broker
Further to the announcement released earlier today, Aeorema
Communications plc, the AIM-traded live events agency, announces
that 3,426,500 ordinary shares in the Company have been sold by
out-going Board members Peter Litten and Gary Fitzpatrick, though a
placing conducted by Allenby Capital Limited at a price of 18p per
ordinary share (the "Placing"). The incoming Joint Managing
Directors, Steve Quah and Andrew Harvey, and existing non-executive
director Richard Owen, have, in aggregate, purchased 281,010 of
these shares and the balance was purchased by new and existing
shareholders of the Company.
The changes in the shareholdings of the directors of the Company
are set out in the table below:
Director Number of Share Purchase Number of % of Share
Shares Purchased Price shares held Capital
following held following
the Director the Director
Purchase Purchase
--------------- ------------------ --------------- -------------- ----------------
Steve Quah 181,010 18p 481,010 5.31%
--------------- ------------------ --------------- -------------- ----------------
Andrew Harvey 50,000 18p 130,000 1.44%
--------------- ------------------ --------------- -------------- ----------------
Richard
Owen* 50,000 18p 80,000 0.88%
--------------- ------------------ --------------- -------------- ----------------
*30,000 ordinary shares are held by Reverse Take-Over
investments plc, of which Richard Owen is a director
The Board of Aeorema is now interested in 2,416,010 ordinary
shares in the Company in aggregate, representing 26.69 per cent. of
the issued share capital. In addition, Steve Quah holds options
over 300,000 ordinary shares in the Company, representing 3.31 per
cent. of its current issued share capital.
Following completion of the Placing, Peter Litten and Gary
Fitzpatrick have stepped down from their Board positions and no
longer have an interest in the Company's issued share capital.
Appointment of a joint broker
The Company is pleased to announce the appointment of Allenby
Capital Limited as joint broker to the Company with immediate
effect.
Chairman Mike Hale said:
"With a robust cash position of in excess of GBP1.2 million, as
at our year end in June 2017, a reinvigorated Board and management
team, industry leading products, and a prospective growth outlook,
I believe the coming year will be an active one for our Company. I
am pleased to report that my confidence in Aeorema's prospects is
shared by my fellow board members and new and existing
shareholders, as highlighted by the share purchases. With all the
foundations in place for growth, I look forward to working with our
new Joint Managing Directors to expand our industry leading live
events operations whilst also identifying prospective value
accretive growth opportunities. We look forward to updating
shareholders on these exciting developments in due course.
"Finally, I would like to take this opportunity to give my great
thanks to Peter and Gary for their consistent hard work and
commitment. We wish them well in their future endeavours and look
forward to enjoying their continued support going forward as we
move into a new phase of growth."
**S**
For further information visit www.aeorema.com or contact:
Mike Hale Aeorema Communications Tel: +44 (0)
plc 20 7291 0444
----------------------- ------------------------ ---------------
Marc Milmo / Catherine Cantor Fitzgerald Tel: +44 (0)
Leftley Europe (Nominated 20 7894 7000
Adviser and Joint
Broker)
----------------------- ------------------------ ---------------
Jeremy Porter / Allenby Capital Limited Tel: +44 (0)20
John Depasquale (Joint Broker) 3328 5656
/ Liz Kirchner
----------------------- ------------------------ ---------------
Isabel de Salis St Brides Partners Tel: +44 (0)
/ Charlotte Page Ltd 20 7236 1177
----------------------- ------------------------ ---------------
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 Steve Quah
--- --------------------------- --------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Director
--- --------------------------- --------------------------
b) Initial notification Initial notification
/Amendment
--- --------------------------- --------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------
a) Name Aeorema Communications
plc
--- --------------------------- --------------------------
b) LEI n/a
--- --------------------------- --------------------------
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 Ordinary shares of 12.5p
the financial instrument, each
type of instrument
Identification ISIN code: GB00B4QHH456
code
--- --------------------------- --------------------------
b) Nature of the transaction
--- --------------------------- --------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
18p 181,010
--------- ----------
--- --------------------------- --------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- --------------------------
e) Date of the transaction 13 September 2017
--- --------------------------- --------------------------
f) Place of the transaction London Stock Exchange
--- --------------------------- --------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Andrew Harvey
--- --------------------------- --------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Director
--- --------------------------- --------------------------
b) Initial notification Initial notification
/Amendment
--- --------------------------- --------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------
a) Name Aeorema Communications
plc
--- --------------------------- --------------------------
b) LEI n/a
--- --------------------------- --------------------------
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 Ordinary shares of 12.5p
the financial instrument, each
type of instrument
Identification ISIN code: GB00B4QHH456
code
--- --------------------------- --------------------------
b) Nature of the transaction
--- --------------------------- --------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
18p 50,000
--------- ----------
--- --------------------------- --------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- --------------------------
e) Date of the transaction 13 September 2017
--- --------------------------- --------------------------
f) Place of the transaction London Stock Exchange
--- --------------------------- --------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -------------------------------------------------------
a) Name Richard Owen
--- --------------------------- --------------------------
2 Reason for the notification
--- -------------------------------------------------------
a) Position/status Director
--- --------------------------- --------------------------
b) Initial notification Initial notification
/Amendment
--- --------------------------- --------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- -------------------------------------------------------
a) Name Aeorema Communications
plc
--- --------------------------- --------------------------
b) LEI n/a
--- --------------------------- --------------------------
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 Ordinary shares of 12.5p
the financial instrument, each
type of instrument
Identification ISIN code: GB00B4QHH456
code
--- --------------------------- --------------------------
b) Nature of the transaction
--- --------------------------- --------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
18p 50,000
--------- ----------
--- --------------------------- --------------------------
d) Aggregated information N/A
- Aggregated volume
- Price
--- --------------------------- --------------------------
e) Date of the transaction 13 September 2017
--- --------------------------- --------------------------
f) Place of the transaction London Stock Exchange
--- --------------------------- --------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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