Bidstack Group PLC Directors' dealings (3258R)
28 October 2019 - 9:25PM
UK Regulatory
TIDMBIDS
RNS Number : 3258R
Bidstack Group PLC
28 October 2019
Certain 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 ("MAR"). Upon
publication of this Announcement, this information is considered to
be in the public domain.
28 October 2019
Bidstack Group Plc
('Bidstack' or the 'Company')
Directors' dealings
Bidstack Group Plc (AIM: BIDS.L), the in-game advertising group,
announces that it has been informed today that James Draper, CEO,
and Francesco Petruzzelli, CTO, on Friday 25 October 2019, each
sold 1,500,000 ordinary shares at a price of 20 pence per share to
realise gross sale proceeds of GBP300,000 each. The sale represents
an aggregate of 1.23% of the Company's issued share capital.
On completion of the reverse takeover of Bidstack Limited by
Bidstack Group Plc on 19 September 2018, both Mr Draper and Mr
Petruzzelli entered into lock-in agreements which prevented them
from selling any shares for 12 months following completion of the
reverse takeover. These hard lock-ins expired on 19 September
2019.
Following the share sale, the remaining interests of Mr Draper
and Mr Petruzzelli in the share capital of the Company will be as
follows:
Number of % of current Number Aggregate % of diluted
Ordinary total voting of options number of share
Shares rights shares and capital*
options
James Draper 39,760,562 16.26% 5,000,000 44,760,562 16.47%
Francesco Petruzzelli 5,750,000 2.35% 22,299,500 28,049,500 10.32%
current total voting rights are 244,540,312
* represents current total voting rights plus the aggregate
number of options owned by Mr Draper and Mr Petruzzelli
James Draper, CEO, commented:
"Both Francesco and I have supported Bidstack financially for
over four years during the early stage growth phase of the business
and, given the progress made to date, for personal reasons we have
taken this decision to sell a small proportion of our holdings. We
both still have a significant financial interest in Bidstack and
are confident in and excited by the Company's prospects. In respect
of the balance of our holdings, we both remain subject to the
orderly market undertakings contained in our lock-in agreements
until September 2020."
The information contained in this notification is disclosed in
accordance with Article 19 of the EU Market Abuse Regulation.
FORM FOR NOTIFYING DEALINGS BY PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name James Draper
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status Chief Executive
--------------------------------- ------------------------------------
b) Initial notification/Amendment Initial Notification
--------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Bidstack Group Plc
--------------------------------- ------------------------------------
b) LEI 213800Q47UWF61LMRR02
--------------------------------- ------------------------------------
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 Ordinary Shares of 0.5 pence each
instrument
--------------------------------- ------------------------------------
b) Identification code GB00BZ7M6059
--------------------------------- ------------------------------------
c) Nature of the transactions Disposal
--------------------------------- ------------------------------------
d) Price(s) and volume(s) Price: 20 pence per share
Volume: 1,500,000 shares
--------------------------------- ------------------------------------
e) Aggregated information As for d) above
- Aggregated volume
- Price
--------------------------------- ------------------------------------
f) Date of the transactions 25 October 2019
--------------------------------- ------------------------------------
g) Place of the transactions London Stock Exchange
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Francesco Petruzzelli
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status Chief Technical Officer
--------------------------------- ------------------------------------
b) Initial notification/Amendment Initial Notification
--------------------------------- ------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Bidstack Group Plc
--------------------------------- ------------------------------------
b) LEI 213800Q47UWF61LMRR02
--------------------------------- ------------------------------------
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 Ordinary Shares of 0.5 pence each
instrument
--------------------------------- ------------------------------------
b) Identification code GB00BZ7M6059
--------------------------------- ------------------------------------
c) Nature of the transactions Disposal
--------------------------------- ------------------------------------
d) Price(s) and volume(s) Price: 20 pence per share
Volume: 1,500,000 shares
--------------------------------- ------------------------------------
e) Aggregated information As for d) above
- Aggregated volume
- Price
--------------------------------- ------------------------------------
f) Date of the transactions 25 October 2019
--------------------------------- ------------------------------------
g) Place of the transactions London Stock Exchange
--------------------------------- ------------------------------------
- Ends -
Contacts:
Bidstack Group Plc
James Draper, CEO via Buchanan
SPARK Advisory Partners Limited
(Nomad)
Mark Brady/Neil Baldwin/James
Keeshan +44 (0) 203 368 3550
Stifel Nicholas Europe Limited
(Broker)
Fred Walsh/Neil Shah +44 (0) 20 7710 7600
Buchanan Communications Limited
Chris Lane / Stephanie Watson
/ Kim van Beeck
bidstack@buchanan.uk.com +44 (0) 20 7466 5000
Notes to editors
Bidstack is an advertising technology company which provides
dynamic, targeted and automated native in-game advertising for the
global video games industry across multiple platforms. Its
proprietary API technology is capable of inserting adverts into
natural advertising space within video games across multiple video
games platforms (mobile, PC and console).
Bidstack's customers are games publishers and developers and
advertising agencies, brands and programmatic advertising
platforms. Bidstack contracts exclusive access to the native
in-game advertising space within video games from their developers
or publishers and sells that advertising space either direct to
specific brands and their agencies or through programmatic
advertising platforms.
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contact rns@lseg.com or visit www.rns.com.
END
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