Sigma Capital Group PLC Director Share Purchase (3270M)
08 May 2020 - 1:12AM
UK Regulatory
TIDMSGM
RNS Number : 3270M
Sigma Capital Group PLC
07 May 2020
07 May 2020
AIM: SGM
Sigma Capital Group plc
("Sigma" or "the Company")
Director Share Purchase
Sigma, the private rented sector, residential development and
urban regeneration specialist, announces that it was today notified
that Ian Sutcliffe, Non-executive Chairman of the Company, has
purchased a total of 240,000 ordinary shares of 1 pence each
("Ordinary Shares") in the Company at an average price of 90.5
pence per Ordinary Share.
Following this purchase and yesterday's purchase announcement of
760,000 Ordinary Shares, Ian Sutcliffe now has a total beneficial
holding of 1,000,000 Ordinary Shares in the Company, representing
1.12% of the total issued share capital.
Enquiries:
Sigma Capital Group Graham Barnet, Chief Executive T: 0333 999 9926
plc
KTZ Communications Katie Tzouliadis, Dan Mahoney T: 020 3178 6378
(PR Adviser)
N+1 Singer James Maxwell, James Moat, T: 020 7496 3000
(Nomad and Broker) Ben Farrow
About Sigma Capital Group plc
www.sigmacapital.co.uk
Sigma Capital Group plc ("Sigma") is a private rented sector,
residential development, and urban regeneration specialist, with
offices in Edinburgh, Manchester and London. Sigma's principal
focus is on the delivery of large scale housing schemes for the
private rented sector. It has a well-established track record in
assisting with property-related regeneration projects in the public
sector, acting as a bridge between the public and private sectors.
Its subsidiary, Sigma PRS Management Limited, is Investment Adviser
to The PRS REIT plc. In April 2019, Sigma launched the Sigma
Scottish PRS Fund, the first dedicated vehicle to focus on the
creation of new rental homes for families in the private rented
sector in Scotland, and in October 2019 Sigma announced the
expansion of its build-to-rent activities in London.
About Sigma PRS Management Ltd
Sigma PRS Management Limited is a wholly-owned subsidiary of
AIM-quoted Sigma Capital Group plc and is Investment Adviser to The
PRS REIT plc. It sources investments and operationally manages the
assets of The PRS REIT plc and advises the Alternative Investment
Fund Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in
accordance with The PRS REIT plc's Investment Policy. The
Investment Manager is G10 Capital Limited. Sigma PRS Management Ltd
is an appointed representative of G10 Capital Limited, which is
authorised and regulated by the Financial Conduct Authority
(FRN:648953)
About The PRS REIT plc
(www.theprsreit.com)
The PRS REIT is a closed-ended real estate investment trust
established to invest in the Private Rented Sector and to provide
shareholders with an attractive level of income together with the
potential for capital and income growth. It has raised a total of
GBP500m (gross) through its Initial Public Offering, on 31 May
2017, and a subsequent placing in February 2018. Both fundraisings
were supported by the UK Government's Homes England with direct
investments.
LEI: 21380037Q91HU97WZX58
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
The following disclosures are made in accordance with Article 19
of the EU Market Abuse Regulation 596/2014
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Ian Sutcliffe
---------------------------------- --------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------
a) Position/status Non-executive Chairman
---------------------------------- --------------------------------------------
b) Initial notification Initial
/Amendment
---------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------------------
a) Name Sigma Capital Group plc
---------------------------------- --------------------------------------------
b) LEI 213800CICQ43GEU1AO02
---------------------------------- --------------------------------------------
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 1p each ("Ordinary
financial instrument, Shares")
type of instrument
Identification code GB0004225073
---------------------------------- --------------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
---------------------------------- --------------------------------------------
c) Price(s) and volume(s)
------------------------ ---------------
Price(s) Volume(s)
------------------------ ---------------
86.2 pence 50,000
---------------------------------------------------------------- ---------------
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 6 May 2020
---------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------- --------------------------------------------
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 1p each ("Ordinary
financial instrument, Shares")
type of instrument
Identification code GB0004225073
---------------------------------- --------------------------------------------
b) Nature of the transaction Purchase of Ordinary Shares
---------------------------------- --------------------------------------------
c) Price(s) and volume(s)
------------------------ ---------------
Price(s) Volume(s)
------------------------ ---------------
91.683 pence 190,000
---------------------------------------------------------------- ---------------
d) Aggregated information
- Aggregated volume N/A
- Price
e) Date of the transaction 7 May 2020
---------------------------------- --------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------- --------------------------------------------
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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