Kin Group PLC Director/PDMR Shareholding - Issue of Warrants (5698W)
15 November 2017 - 9:33PM
UK Regulatory
TIDMKIN
RNS Number : 5698W
Kin Group PLC
15 November 2017
RNS ANNOUNCEMENT: The information communicated in this
announcement contains inside information for the purposes of
Article 7 of Regulation 596/2014.
For immediate release
15 November 2017
Kin Group Plc ("the Company")
Director/PDMR shareholding - Issue of warrants
Kin Group Plc announces that, following a meeting of the
Remuneration Committee, the Company has today issued warrants to
subscribe for Ordinary Shares ("Warrants") to the Directors
totalling 1,000,411 Warrants, representing 4% of the current issued
share capital of the Company. The Warrants are exercisable at a
price of 5 pence per share, being the price at which the Company's
Placing of 20,000,000 shares to raise GBP1 million (before
expenses), which completed this morning, was effected, and may be
exercised, subject to the provisions of the Company's share dealing
code, at any time within one year from issue.
Donald Stewart has been issued with 250,103 Warrants,
representing 1% of the current issued share capital of the
Company.
John Taylor has been issued with 500,205 Warrants, representing
2% of the current issued share capital of the Company.
Lindsay Mair has been issued with 250,103 Warrants, representing
1% of the current issued share capital of the Company.
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Donald Stewart
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Non-executive Chairman
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Kin Group Plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800Q47UWF61LMRR02
--- -------------------------------------------------------- -------------------------------------------------------
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 Warrants to subscribe for Ordinary shares of 0.5 pence
instrument per share par value
Identification code
GB00BZ7M6059
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Issue of Warrants
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
5.0p 250,103
--------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 250,103 Warrants to subscribe for Ordinary shares of
0.5 pence per share par value
5.0 pence per Ordinary share
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 15 November 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name John Taylor
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Non-executive Director
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Kin Group Plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800Q47UWF61LMRR02
--- -------------------------------------------------------- -------------------------------------------------------
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 Warrants to subscribe for Ordinary shares of 0.5 pence
instrument per share par value
Identification code
GB00BZ7M6059
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Issue of Warrants
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
5.0p 500,205
--------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 500,205 Warrants to subscribe for Ordinary shares of
0.5 pence per share par value
5.0 pence per Ordinary share
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 15 November, 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person closely associated
--- -----------------------------------------------------------------------------------------------------------------
a) Name Lindsay Mair
--- -------------------------------------------------------- -------------------------------------------------------
2 Reason for the notification
--- -----------------------------------------------------------------------------------------------------------------
a) Position/status Non-executive Director
--- -------------------------------------------------------- -------------------------------------------------------
b) Initial notification/Amendment Initial notification
--- -------------------------------------------------------- -------------------------------------------------------
3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
--- -----------------------------------------------------------------------------------------------------------------
a) Name Kin Group Plc
--- -------------------------------------------------------- -------------------------------------------------------
b) LEI 213800Q47UWF61LMRR02
--- -------------------------------------------------------- -------------------------------------------------------
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 Ordinary shares of 0.5 pence per share par value
instrument
Identification code
GB00BZ7M6059
--- -------------------------------------------------------- -------------------------------------------------------
b) Nature of the transaction Issue of Warrants
--- -------------------------------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
5.0p 250,103
--------- ----------
--- -------------------------------------------------------- -------------------------------------------------------
d) Aggregated information- Aggregated volume
- Price 250,103 Warrants to subscribe for Ordinary shares of
0.5 pence per share par value
0.5 pence per Ordinary share
--- -------------------------------------------------------- -------------------------------------------------------
e) Date of the transaction 15 November 2017
--- -------------------------------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--- -------------------------------------------------------- -------------------------------------------------------
For further information please contact:
Donald Stewart
(Chairman) Kin Group Plc 07786 575372
SPARK Advisory
Mark Brady/Neil Partners Limited
Baldwin (nominated adviser) 020 3368 3551
Eran Zucker/Fungai Peterhouse Corporate
Ndoro Finance Limited 020 7469 0930
Or visit our website: www.kingroupplc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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