DCD Media PLC Directorate Change and Dealings (6462H)
19 August 2016 - 5:39PM
UK Regulatory
TIDMDCD
RNS Number : 6462H
DCD Media PLC
19 August 2016
DCD Media PLC
19 August 2016
DCD Media Plc
("DCD Media", the "Company" or the "Group")
Directorate Change
Director / PDMR Shareholding
Notification of Major Interest in Shares
DCD Media, the independent TV distribution and production
company, announces that its major shareholder Timeweave Ltd
("Timeweave") has increased its shareholding in the Company. DCD
Media also announces that David Green has resigned as non-executive
director of the Company, with immediate effect.
The Board would like to thank David for his guidance and
contribution to the Company and wishes him well for the future.
Timeweave has acquired 132,197 ordinary shares of GBP1 each
("Ordinary Shares"), representing 5.20 per cent. of the issued
share capital of the Company, belonging to Mr Green, at a price of
90.8p per Ordinary Share. In addition, Timeweave acquired the
503,428 deferred shares of GBP1 each belonging to Mr Green for an
aggregate consideration of GBP1. As a result of the transaction,
Timeweave's shareholding has increased to 1,694,377 Ordinary
Shares, representing approximately 66.67 per cent. of the Company's
issued share capital.
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -----------------------------------------------------------------
a) Name David Ian Stewart Green
--- ------------------------------- --------------------------------
2. Reason for the notification
--- -----------------------------------------------------------------
a) Position / Director
status
--- ------------------------------- --------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- --------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
--- -----------------------------------------------------------------
a) Name DCD Media plc
--- ------------------------------- --------------------------------
b) LEI N/A
--- ------------------------------- --------------------------------
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 Ordinary Shares; and
of the financial Deferred Shares of GBP1
instrument
GB00BBD7QB75
Identification
Code
--- ------------------------------- --------------------------------
b) Nature of Sale of shares from David
the transaction Green to Timeweave Limited
--- ------------------------------- --------------------------------
c) Price(s) and Type Price Volume
volume(s) ---------- -------- --------
Ordinary 90.8 p 132,197
---------- -------- --------
Deferred 0.0002p 503,428
---------- -------- --------
--- ------------------------------- --------------------------------
d) Aggregated See above
information
Aggregated
volume Price
--- ------------------------------- --------------------------------
e) Date of the
transaction
--- ------------------------------- --------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- --------------------------------
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information please contact:
Angelica Tziotis
Investor Relations/ Media Relations
DCD Media plc
Tel: +44 (0)20 20 3869 0190
ir@dcdmedia.co.uk
Stuart Andrews/Carl Holmes/Giles Rolls
finnCap
Tel: +44 (0)20 7220 0500
This information is provided by RNS
The company news service from the London Stock Exchange
END
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