TIDMCKT

RNS Number : 9847C

Checkit PLC

14 February 2020

Checkit plc

("Checkit" or the "Company")

PDMR Dealing and Concert Party Holdings

Checkit plc (AIM:CKT) the global technology group, announces that Keith Daley, Executive Chairman, has purchased 2,000,000 ordinary shares of 5 pence each ("Ordinary Shares") at an average price of 32 pence per Ordinary Share (the "Purchase").

Following the Purchase, Mr Daley's total beneficial interest in the Company is 10,528,339 Ordinary Shares representing 16.97% of the Company's total issued share capital as at today's date.

Concert party holdings

The Company has previously notified its shareholders of the existence of a concert party comprising Keith Daley, John Wilson and the Elektron 2012 Employee Benefit Trust (the "EBT"). The Company announces that following consultation with the Panel on Takeovers and Mergers (the "Panel"), the Panel has agreed that the EBT is no longer considered to be a member of the concert party.

Following the Purchase, the Concert Party will have control of voting rights over 11,216,869 Ordinary Shares, representing approximately 18.08% of the Company's issued share capital.

-END-

 
                                                 +44 (0) 1223 371 
 Checkit plc                                      000 
 www.checkit.net 
 Keith Daley (Executive Chairman) 
 Andrew Weatherstone (Chief Financial Officer 
  and Company Secretary) 
 
                                                 +44 (0) 7710 164 
 Yellowstone Advisory (Investor Relations)        120 
 Alex Schlich 
 
                                                 +44 (0) 20 7496 
 N+1 Singer (Nominated Adviser & Broker)          3000 
 Shaun Dobson / George Tzimas (Corporate 
  Finance) 
 Rachel Hayes (Corporate Broking) 
 
   Notification   and   public   disclosure   of  transactions  by persons  discharging   managerial 
responsibilities   and  persons closely  associated  with  them: 
 
       Details of the person discharging managerial responsibilities 
   1    / person closely associated 
 a)    Name                            Keith Daley 
      ------------------------------  ----------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------- 
 a)    Position/status                 Executive Chairman 
      ------------------------------  ----------------------------------- 
 b)    Initial notification            Initial Notification 
        /Amendment 
      ------------------------------  ----------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      ------------------------------------------------------------------- 
 a)    Name                            Checkit plc 
      ------------------------------  ----------------------------------- 
 b)    LEI                             213800556WJOWQNT2R68 
      ------------------------------  ----------------------------------- 
 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              Ordinary Shares of 5 pence each 
        financial instrument, 
        type of instrument 
                                        GB00B0C5RG72 
        Identification code 
      ------------------------------  ----------------------------------- 
 b)    Nature of the transaction       Purchase of shares 
      ------------------------------  ----------------------------------- 
 c)    Price(s) and volume(s)            Price(s)      Volume(s) 
                                          32.0 pence    2,000,000 
                                                       ---------- 
      ------------------------------  ----------------------------------- 
 d)    Aggregated information          N/A single transaction 
 
        - Aggregated volume 
        - Price 
      ------------------------------  ----------------------------------- 
 e)    Date of the transaction         13 February 2020 
      ------------------------------  ----------------------------------- 
 f)    Place of the transaction        London Stock Exchange 
      ------------------------------  -----------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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February 14, 2020 02:00 ET (07:00 GMT)

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