27 June 2024
Literacy Capital plc
("Literacy" or the "Company")
PDMR Dealing
Announcement
Exercise of Warrants &
Total Voting Rights
The Company announces that Oliver
Cox and Thomas Vernon, who are both Persons Discharging Managerial
Responsibility ("PDMRs")
and LLP Members of Book Asset Management LLP (the "Investment Manager"), exercised on 26
June 2024, in aggregate, 100,000 warrants over new ordinary shares
of £0.001 each in the Company ("Ordinary Shares") at an exercise price
of £1.60 per share (the "Warrant
Exercise"). Further details on the warrants are set out in
Part VI of the Company's IPO prospectus document, which is
available for download on its website at https://www.literacycapital.com/.
Admission
An application has been made for the
100,000 new Ordinary Shares to be admitted to trading on the
Specialist Fund Segment of
the London Stock
Exchange's Main
Market ("Admission") and it is expected that
Admission will become effective on or around 8.00 a.m. on 2 July
2024.
The allotment of these new Ordinary
Shares has no impact on the reported net asset value ("NAV") per share as at 31 March 2024, as
the NAV per share accounts for the impact of any outstanding
warrants being exercised.
Total Voting Rights
From Admission, the Company's issued
share capital will total 60,100,000 Ordinary Shares of £0.001
each. The Company holds no Ordinary Shares
in treasury. Therefore, the total number of Ordinary Shares with
voting rights in the Company will be 60,100,000 and this
figure may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
The notification below, made in
accordance with the requirements of the UK version of Regulation
(EU) No 596/2014 of the European Parliament and of the Council of
16 April 2014 on market abuse (market abuse regulation) and
repealing Directive 2003/6/EC of the European Parliament and of the
Council and Commission Directives 2003/124/EC, 2003/125/EC and
2004/72/EC, which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018, as amended, provides further
detail.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
a)
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Oliver Cox
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR, LLP Member of the Investment
Manager
|
|
b)
|
Initial notification /
Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Literacy Capital plc
|
|
b)
|
LEI
|
2549006P3DFN5HLFGR54
|
|
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
|
| Identification code |
ISIN: GB00BMF1L080
|
|
b)
|
Nature of the transaction
|
Oliver Cox has exercised 50,000
warrants to subscribe for Ordinary Shares in the Company. The
warrants were issued with an exercise price of £1.60.
|
|
c)
|
Price(s) and volume(s)
|
|
Price (s)
|
Volume (s)
|
|
£1.60
|
50,000
|
|
|
d)
|
Aggregate information
|
|
|
- Aggregate volume
|
50,000 shares in
aggregate
|
|
- Total Price
|
£80,000
|
|
e)
|
Date of the transaction
|
26/06/2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
|
g)
|
Additional information
|
NA
|
a)
|
2.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Thomas Vernon
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status
|
PDMR, LLP Member of the Investment
Manager
|
|
b)
|
Initial notification /
Amendment
|
Initial notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Literacy Capital plc
|
|
b)
|
LEI
|
2549006P3DFN5HLFGR54
|
|
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
|
| Identification code |
ISIN: GB00BMF1L080
|
|
b)
|
Nature of the transaction
|
Thomas Vernon has exercised 50,000
warrants to subscribe for Ordinary Shares in the Company. The
warrants were issued with an exercise price of £1.60.
|
|
c)
|
Price(s) and volume(s)
|
|
Price (s)
|
Volume (s)
|
|
£1.60
|
50,000
|
|
|
d)
|
Aggregate information
|
|
|
- Aggregate volume
|
50,000 shares in
aggregate
|
|
- Total Price
|
£80,000
|
|
e)
|
Date of the transaction
|
26/06/2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange
|
|
g)
|
Additional information
|
NA
|
-ENDS-
For
further information, please contact:
|
Literacy Capital plc / Book Asset Management
LLP:
Richard Pindar / Tom
Vernon
|
+44 (0) 20 3960 0280
|
|
MHP
Group:
Reg Hoare / Ollie Hoare / Matthew
Taylor
|
+44 (0) 20 3128 8100
book@mhpgroup.com
|
|
Singer Capital Markets Securities Limited:
Robert Peel
|
+44 (0) 20 7496 3000
|
LEI: 2549006P3DFN5HLFGR54
A copy of this announcement will be
available on the Company's website at https://www.literacycapital.com/.
Neither the content of the Company's website, nor the content on
any website accessible from hyperlinks on its website for any other
website, is incorporated into, or forms part of, this announcement
nor, unless previously published by means of a recognised
information service, should any such content be relied upon in
reaching a decision as to whether or not to acquire, continue to
hold, or dispose of, securities in the Company.