TIDMBIH

RNS Number : 2699F

Boston International Holdings PLC

14 July 2021

For immediate release

14 July 2021

BOSTON INTERNATIONAL HOLDINGS PLC

("BIH" or the "Company")

Director's Dealings

The Board of BIH announces that further to the Company's announcement of 8 July 2021 (RNS Number: 6524E), Admission has taken place this morning in respect of the 20,000,000 New Ordinary Shares allotted and issued to Mr Borden James pursuant to conversion of his Director's Loan.

Accordingly, as previously announced, as part of the Fundraising, Mr James subscribed for GBP200,000 principal of Convertible Loan Notes using the proceeds of sale of the New Ordinary Shares issued to him, which he sold immediately on Admission at a price of 1p per share to new investors introduced by Peterhouse.

Following the sale, Mr James has no interest in ordinary shares in the Company. As of today, Mr James holds GBP200,000 principal of Convertible Loan Notes in his own name, which have a final repayment date of 30 September 2022, further details of which are set out in the Company's announcement dated 8 July 2021. In addition, via Boston Merchant (HK) Ltd, which is 98.04% owned by Mr James, he holds GBP95,714 principal of Convertible Loan Notes that have a final repayment date of 30 March 2022 and further details of which are set out in the announcement (replacement) published on 1 April 2021 (RNS Number: 3914U).

The information in the table below relating to the transactions by Mr James has been filed with the FCA in accordance with Article 19(1) of UK MAR.

Defined terms in this announcement shall have the same meanings as in the Company's announcement of 8 July 2021, RNS Number: 6524E.

--ENDS--

For more information please contact:

 
Boston International Holdings Plc 
Chris Pitman, Chairman                         +44 (0) 7768 104329 
 
Beaumont Cornish Limited (Financial Adviser) 
Roland Cornish                                 +44 (0) 20 7628 3396 
 
Peterhouse Capital Limited (Broker)            +44 (0) 20 7469 0930 
Lucy Williams / Duncan Vasey / Eran Zucker 
 
 
 
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                        William Borden James 
     --------------------------  ------------------------------------------------------------- 
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                        Boston International Holding plc 
     --------------------------  ------------------------------------------------------------- 
b)   LEI                         213800OVVYT6ZUJUXD69 
     --------------------------  ------------------------------------------------------------- 
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          Ordinary Shares of 1 pence each 
      financial instrument,       ISIN: GB00BD70S874 
      type of instrument 
      Identification code 
     --------------------------  ------------------------------------------------------------- 
b)   Nature of the transaction   Issue of 20,000,000 shares pursuant to conversion 
                                  of Director's Loan and immediate sale of 
                                  20,000,000 shares 
     --------------------------  ------------------------------------------------------------- 
c)   Price(s) and volume(s)      1 pence per Ordinary Share Price(s)   Volumes(s)  Transaction 
                                                          Issue pursuant 
                                                           to conversion 
                                                           of Director's 
                                   1p         20,000,000   Loan 
                                             -----------  -------------- 
                                   1p         20,000,000  Sale 
                                             -----------  -------------- 
     --------------------------  ------------------------------------------------------------- 
d)   Aggregated information 
  - Aggregated volume             40,000,000 
  - Price                          1p 
 ------------------------------  ------------------------------------------------------------- 
e)   Date of the transaction     2021-July-14 
     --------------------------  ------------------------------------------------------------- 
f)   Place of the transaction    Outside a trading venue 
     --------------------------  ------------------------------------------------------------- 
 

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END

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July 14, 2021 11:05 ET (15:05 GMT)

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