Beeks Financial Cloud Group
plc
("Beeks"
or the "Company")
Directors Dealings and
Exercise of Share Options
22
March 2024 --- Beeks Financial Cloud
Group plc (AIM: BKS), a cloud computing and connectivity provider
for financial markets, announces that today it is issuing a total
of 520,729 ordinary shares of 0.125 pence each ("Ordinary Shares")
following the exercise of options under the Beeks Financial Cloud
Employee Share Option Plan, at an exercise price of 0.125 pence per
Ordinary Share (the "Option Shares"). 240,000 of the Option Shares
were held by Fraser McDonald, Chief Financial Officer of the
Company and a person discharging managerial
responsibilities.
Concurrently, Mr. McDonald sold
284,118 ordinary shares of 0.125 pence each ("Ordinary Shares") at
a price of 165 pence per share. In addition, Gordon McArthur, Chief
Executive Officer sold 2,200,000 ordinary shares of 0.125 pence
each ("Ordinary Shares") also at a price of 165 pence per
share.
These PDMR dealings were undertaken
both for personal reasons and also to satisfy institutional
investor demand. Pursuant to these transactions and upon Admission
(as defined below), Mr. McArthur will retain a substantial
shareholding of 21,653,440 Ordinary Shares, representing 32.6% of
the total enlarged issued share capital of the Company. This
shareholding now excludes 740,000 Ordinary Shares that continues to
be held by Mr. McArthur's former spouse. Upon Admission, Mr.
McDonald will no longer retain a holding of Ordinary Shares in the
Company and retains unexercised options over 719,742 ordinary
shares. Both Directors remain fully committed to the Company and
its growth prospects.
Application will be made for the
520,729 new Ordinary Shares to be admitted to trading on AIM
("Admission"), and dealings are expected to commence on or around
28 March 2024. The new Ordinary Shares will rank pari passu with
the Company's existing Ordinary Shares.
Following Admission, the Company
will have 66,427,517 ordinary shares of 0.125 pence each in issue.
The Company has no shares in treasury, therefore the figure of
66,427,517 should be used by shareholders for the calculations by
which they will determine if they are required to notify their
interest in, or a change of their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency
Rules.
For
further information please contact:
|
Beeks Financial Cloud Group plc
|
|
|
Gordon McArthur, CEO
|
via Alma PR
|
|
Fraser McDonald, CFO
|
|
|
|
|
|
Canaccord Genuity
|
+44 (0)20 7523 8000
|
|
Adam James / Alex Orr
|
|
|
|
|
|
Alma PR
|
+44(0)20 3405 0205
|
|
Caroline Forde / Hilary Buchanan /
Joe Pederzolli
|
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Gordon McArthur
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial
notification/amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Beeks Financial Cloud Group
plc
|
|
b)
|
LEI
|
213800XD729OTYVOMR79
|
|
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
instrument, type of instrument
|
Ordinary shares of 0.125
pence each
|
|
Identification code
|
GB00BZ0X8W18
|
|
b)
|
Nature of the Transaction
|
Sale of ordinary shares
|
|
c)
|
Price(s) and volume(s)
|
Shares sold: 2,200,000 shares
at 165 pence
|
|
d)
|
Aggregated information
Aggregated volume Price
|
n/a
|
|
e)
|
Date of the transaction
|
22 March 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
(LON:BKS)
|
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Fraser McDonald
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
Chief Financial Officer
|
|
b)
|
Initial
notification/amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Beeks Financial Cloud Group
plc
|
|
b)
|
LEI
|
213800XD729OTYVOMR79
|
|
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
instrument, type of instrument
|
Ordinary shares of 0.125
pence each
|
|
Identification code
|
GB00BZ0X8W18
|
|
b)
|
Nature of the Transaction
|
Exercise of options and subsequent
sale of ordinary shares
|
|
c)
|
Price(s) and volume(s)
|
Options exercised: 240,000 options
Ordinary shares sold: 284,118 shares
at 165pence each
|
|
d)
|
Aggregated information
Aggregated volume Price
|
n/a
|
|
e)
|
Date of the transaction
|
22 March 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
(LON:BKS)
|
About Beeks
Cloud computing is crucial to
Capital Markets and finance.
Beeks Group is a leading managed
cloud provider exclusively within this fast-moving sector. Our
Infrastructure-as-a-Service model is optimised for low-latency
private cloud compute, connectivity and analytics, providing the
flexibility to deploy and connect to exchanges, trading venues and
public cloud for a true hybrid cloud experience.
ISO 27001 certified, we provide
world-class security aligned to global security
requirements.
Founded in 2011, Beeks Group is
listed on the London Stock Exchange (LSE: BKS) and has enjoyed
continued growth each year. Beeks Group now employs over 100 team
members across the globe with the majority based at our Renfrew
HQ.
For more information,
visit: www.beeksfinancialcloud.com