Damille Investments II Limited PCA Dealing (4432J)
09 September 2016 - 9:05PM
UK Regulatory
TIDMDIL2
RNS Number : 4432J
Damille Investments II Limited
09 September 2016
DAMILLE INVESTMENTS II LIMITED (LSE:DIL2) (the "Company")
9 September 2016
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 Damille Partners Limited
--- ------------------------- -------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Person Closely Associated
with Brett Miller and Rhys
Davies, directors of the
Company
--- ------------------------- -------------------------------
b) Initial notification Initial notification
/Amendment
--- ------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Damille Investments II Limited
--- ------------------------- -------------------------------
b) LEI ISIN GG00B7617Z91
--- ------------------------- -------------------------------
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 Ordinary Shares of no par
the financial value
instrument, type
of instrument
ISIN GG00B7617Z91
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Acquisition
transaction
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------ ----------
GBP1.1204 384,247
------------ ----------
--- ------------------------- -------------------------------
d) Aggregated information
- Aggregated volume 384,247
- Price GBP1.1204
--- ------------------------- -------------------------------
e) Date of the transaction 8 September, 2016
--- ------------------------- -------------------------------
f) Place of the transaction Outside a trading venue -
Guernsey
--- ------------------------- -------------------------------
The Ordinary Shares were sold out of treasury to Damille
Partners Limited ("Damille") at the prevailing net asset value as
at 31 August, 2016 of GBP1.1204 in satisfaction of the performance
fees payable to Damille under the Services Agreement between the
Company, Damille and Messrs B Miller and R Davies, directors of the
Company and principals of Damille.
334,757 Ordinary Shares were sold in settlement of the
performance fee for the performance period ended on 31 August,
2016, being the "Second Performance Period".
When calculating the performance fee payable in respect of the
Second Performance Period, it was identified that the performance
fee in respect of the performance period ended on 30 November 2012
(the "First Performance Period") had been incorrectly calculated by
the Company's administrator at that time, so that too few Ordinary
Shares had been issued to Damille on 12 February, 2013. The
monetary value of that underpayment to Damille was quantified as
GBP55,448.41.
Therefore, an additional 49,490 Ordinary Shares were sold in
full and final settlement of the outstanding performance fee
payable in respect of the First Performance Period as explained
above.
By order of the Board
Damille Investments II Limited
For further information contact:
Administrative Enquiries: Shareholder Enquiries:
JTC (Guernsey) Limited Nimrod Capital LLP
Tel: +44 (0) 1481 702 400 Tel: +44 (0) 20 7382 4565
fundservicesgsy@jtcgroup.com info@nimrodcapital.com
END OF ANNOUNCEMENT
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