Beeks Financial Cloud Group PLC Proposed Secondary Placing (9504P)
15 October 2019 - 10:58PM
UK Regulatory
TIDMBKS
RNS Number : 9504P
Beeks Financial Cloud Group PLC
15 October 2019
This announcement contains inside information
Beeks Financial Cloud Group plc
Proposed Secondary Placing
Beeks Financial Cloud Group plc (the "Company") announces that
it has been advised by Gordon McArthur, Chief Executive Officer of
the Company, that he intends to sell approximately 2,640,484
Ordinary Shares in the Company (the "Sale Shares") at a price of 84
pence per share. The Sale Shares represent approximately 5.19 per
cent. of the issued share capital of the Company.
Gordon McArthur is currently interested in 30,115,677* Ordinary
Shares, representing approximately 59.21 per cent. of the issued
share capital of the Company. Following the proposed transaction,
Mr McArthur has agreed not to dispose of any of his remaining
shareholding for a period of at least 12 months.
*Includes 740,000 Ordinary Shares held by Gordon McArthur's
wife, Claire McArthur, representing 1.45 per cent. of the issued
share capital
A further announcement will be made in due course.
For further information please contact:
Beeks Financial Cloud Group
plc
Gordon McArthur, CEO via Alma PR
Fraser McDonald, CFO
+44(0)131 220
Cenkos Securities plc 6939
Derrick Lee / Peter Lynch
+44(0)20 3405
Alma PR 0212
Caroline Forde / Josh Royston
/ Helena Bogle
ABOUT BEEKS FINANCIAL CLOUD
Beeks Financial Cloud is a UK-based low-latency
Infrastructure-as-a-Service (IaaS) provider for automated trading
in Forex, Futures, Equities, Fixed income and cryptocurrency
financial products. With eleven data centres globally and
low-latency connectivity between sites, the Beeks Financial Cloud
focuses on reducing barriers to entry and time to market for
institutional clients. For more information, visit:
www.beeksfinancialcloud.com.
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END
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