Path Investments plc Subscription for GBP55,000 of Convertible Loan Stock (4343H)
03 December 2020 - 8:44PM
UK Regulatory
TIDMPATH
RNS Number : 4343H
Path Investments plc
03 December 2020
Path Investments plc
("Path" or the "Company")
Subscription for GBP55,000 of Convertible Unsecured Loan
Stock
Path Investments plc (TIDM: PATH) , the energy and natural
resources investment company, announces that certain investors,
including directors of the Company, have subscribed for GBP55,000
of the Company's 2018 nominal convertible unsecured loan stock
instrument, as described in the Company's 2018 Annual Report.
The directors who have participated are Brent Fitzpatrick and
Jack Allardyce, who have each subscribed for GBP5,000. In addition,
Ocean Park Developments, a company ultimately owned by Mr
Fitzpatrick has subscribed for GBP5,000. The funds raised will be
applied towards the costs of the Company's proposed re-Admission,
as announced on 5 November 2020.
The notification set out below, made pursuant to Article 19(3)
of the Market Abuse Regulation, provides further details.
1. Details of Director/PDMR
(a) Name Brent Fitzpatrick
--------------------------- -------------------------------------------------------
2. Reason for notification
------------------------------------------------------------------------------------
(b) Position / status Chairman
--------------------------- -------------------------------------------------------
(c) Initial notification Initial notification
/ amendment
--------------------------- -------------------------------------------------------
3. Details of the Issuer
------------------------------------------------------------------------------------
(a) Name Path Investments plc
--------------------------- -------------------------------------------------------
(b) LEI 21380058VQBP76M7TN11
--------------------------- -------------------------------------------------------
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 transaction(s)
have been conducted
------------------------------------------------------------------------------------
(a) Description of Ordinary shares of 0.1 pence each
the financial instrument, ISIN GB00BYQD5059
type of instrument, PATH
Identification
code
--------------------------- -------------------------------------------------------
(b) Nature of the transaction Subscription pursuant to the Company's
2018 nominal convertible unsecured loan
stock instrument
--------------------------- -------------------------------------------------------
(c) Price(s) and volume Price Volume
Nil n/a
--------------------------- -------------------------------------------------------
(d) Aggregated information N/A (single transaction)
--------------------------- -------------------------------------------------------
(e) Date of the transaction 2.12. 2020
--------------------------- -------------------------------------------------------
(f) Place of the transaction Outside of trading venue
--------------------------- -------------------------------------------------------
1. Details of Director/PDMR
(a) Name Jack Allardyce
--------------------------- -------------------------------------------------------
2. Reason for notification
------------------------------------------------------------------------------------
(b) Position / status Executive Director
--------------------------- -------------------------------------------------------
(c) Initial notification Initial notification
/ amendment
--------------------------- -------------------------------------------------------
3. Details of the Issuer
------------------------------------------------------------------------------------
(a) Name Path Investments plc
--------------------------- -------------------------------------------------------
(b) LEI 21380058VQBP76M7TN11
--------------------------- -------------------------------------------------------
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 transaction(s)
have been conducted
------------------------------------------------------------------------------------
(a) Description of Ordinary shares of 0.1 pence each
the financial instrument, ISIN GB00BYQD5059
type of instrument, PATH
Identification
code
--------------------------- -------------------------------------------------------
(b) Nature of the transaction Subscription pursuant to the Company's
2018 nominal convertible unsecured loan
stock instrument
--------------------------- -------------------------------------------------------
(c) Price(s) and volume Price Volume
Nil n/a
--------------------------- -------------------------------------------------------
(d) Aggregated information N/A (single transaction)
--------------------------- -------------------------------------------------------
(e) Date of the transaction 2.12.2020
--------------------------- -------------------------------------------------------
(f) Place of the transaction Outside of trading venue
--------------------------- -------------------------------------------------------
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014.
For further information please contact:
Path Investments plc C /O IFC
Christopher Theis
IFC Advisory Limited (Financial PR & IR) 020 3934 6630
Tim Metcalfe
Zach Cohen
Grant Thornton UK LLP (Financial Adviser)
Jamie Barklem 020 7865 2692
Harrison Clarke 020 7184 4384
Keith, Bayley, Rogers & Co. Limited (Broker)
07776 30 22
Brinsley Holman 28
07506 43 41
Graham Atthill-Beck 07
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END
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