TIDMNASA
RNS Number : 8782X
Nasstar PLC
29 November 2017
Nasstar plc
("Nasstar", "Company" or "Group")
PDMR Dealings
29(th) November 2017
Nasstar (stock code: NASA), a provider of hosted managed and
cloud computing services, announces that Lord Daresbury, Chairman
of the Company, has sold 3,200,000 ordinary shares of 1p each in
the capital of the Company ("Ordinary Shares") at a price of 9.97
pence per Ordinary Share (the "Sale") in order to satisfy a
personal tax liability. Included in the Sale are 2,274,042 Ordinary
Shares held by Daresbury SWE9501 Limited, a Trust, of which Lord
Daresbury is the sole beneficiary. Lord Daresbury remains committed
to the Company and has no intention of selling any further Ordinary
Shares in the foreseeable future.
The Company also announces that Brownwood LLP ("Brownwood"), a
partnership beneficially owned by the Redwood family and other
PDMRs of the Company, has today purchased 925,958 Ordinary Shares
at a price of 10.0 pence per Ordinary Share (the "Purchase").
Following the Purchase, Brownwood is interested in 925,958 Ordinary
Shares. The disclosable shareholders of Brownwood are as
follows:
Individual Position Percentage
Shareholding
in Brownwood
-------------------- ---------------------- --------------
Nigel Redwood (and
his partner) CEO of the Company 25.00%
-------------------- ---------------------- --------------
Niki Redwood FD of the Company 25.00%
-------------------- ---------------------- --------------
Technical Director
Stephen Brown (and of the Company (and
his wife) PDMR) 25.00%
-------------------- ---------------------- --------------
Following the Sale and Purchase, the revised shareholdings of
the relevant Directors of the Company are as follows:
Individual Ordinary Shares held Percentage
of total
voting rights
of the Company
------------------- --------------------- ----------------
Nigel Redwood * 10,706,920 1.86%
------------------- --------------------- ----------------
Niki Redwood*(++) 10,716,883 1.87%
------------------- --------------------- ----------------
Lord Daresbury** 1,588,562 0.28%
------------------- --------------------- ----------------
* Includes their pro-rata allocation of Ordinary Shares owned by
Brownwood.
Includes 571,459 Ordinary Shares held in trust for the benefit
of Nigel Redwood's minor daughter.
(++) Includes 1,714,378 Ordinary Shares held in trust for the
benefit of Niki Redwood's minor children.
** Includes 1,003,564 Ordinary Shares held by Lord Daresbury's
Family Trust.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR").
For further information, please contact:-
Nasstar plc +44 (0) 1952 225 000
Nigel Redwood, Chief Executive Officer
Niki Redwood, Finance Director
finnCap Limited (Nominated Adviser & Broker) +44 (0) 20 7220 0500
Julian Blunt, James Thompson (Corporate Finance)
Stephen Norcross (Corporate broking)
About Nasstar plc
Nasstar (www.nasstar.com) and its wholly owned operating
businesses provide hosted managed and cloud computing services,
integrating private and public clouds supplying a robust, secure
and stable hosted Information Technology service to business
customers. The Group provides a true end to end service for clients
providing them with enhanced IT performance and greater cost
control over their IT function. The Group owns its primary data
centre, is head quartered in Telford with regional offices in
Northampton, London and Bournemouth whilst 24 x 7 support is
delivered from its Auckland office in New Zealand. Nasstar is an
accredited Microsoft Gold Partner, is the 2016 Citrix Networking
Partner of the Year and is certified to ISO 27001.
Nasstar specialises in building bespoke cloud hosted services to
manage a client's entire application set, tailor made to suit
specific industries, designing public, private and hybrid cloud
solutions to meet the objectives of the client. The solution is a
highly scalable service that provides benefits including "Anywhere
Access" to computing; a standardised corporate solution that can be
accessed globally in multiple languages; generating cost savings
when compared to the traditional IT ownership model whilst
replacing capital expenditure with a simple usage based payment
model.
Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in
December 2005, acquired e-know.net Limited in a reverse takeover in
January 2014, Kamanchi Limited in July 2014, VESK in October 2015
and Modrus Limited in September 2016.
1) Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated
with them ('PCA')
a) Name Daresbury SWE9501 Limited
2. Reason for notification
b) Position / status PCA to the Chairman
c) Initial notification / amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
b) Name Nasstar Plc
c) LEI 213800464LOG9B2Q8J17
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 ordinary shares of 1p each
Identification code
GB00B0T1S097
b) Nature of the transaction Sale of ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.0997 2,274,042
d) Aggregated information n/a
e) Date of the transaction 27 November 2017
f) Place of the transaction London Stock Exchange, AIM (XLON)
1) Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated
with them ('PCA')
a) Name Lord Peter Daresbury
2. Reason for notification
b) Position / status Chairman
c) Initial notification / amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
b) Name Nasstar Plc
c) LEI 213800464LOG9B2Q8J17
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 ordinary shares of 1p each
Identification code
GB00B0T1S097
b) Nature of the transaction Sale of ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.997 925,958
d) Aggregated information n/a
e) Date of the transaction 29 November 2017
f) Place of the transaction London Stock Exchange, AIM (XLON)
1) Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated
with them ('PCA')
a) Name Brownwood LLP
2. Reason for notification
b) Position / status PCA to CEO, FD & Technical Director
c) Initial notification / amendment Initial Notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
b) Name Nasstar Plc
c) LEI 213800464LOG9B2Q8J17
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 ordinary shares of 1p each
Identification code
GB00B0T1S097
b) Nature of the transaction purchase of ordinary shares
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.10 925,958
d) Aggregated information n/a
e) Date of the transaction 29 November 2017
f) Place of the transaction London Stock Exchange, AIM (XLON)
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHFMMZMFLLGNZM
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