ThinkSmart Limited PDMR Dealings (1267A)
22 December 2017 - 6:00PM
UK Regulatory
TIDMTSL
RNS Number : 1267A
ThinkSmart Limited
22 December 2017
22 December 2017
ThinkSmart Limited
("ThinkSmart" or the "Company" and together with its
subsidiaries the "Group")
PDMR Dealings
As announced on 8 December 2017, ThinkSmart Limited (AIM: TSL)
today bought back and cancelled 750,000 and 500,000 ordinary shares
of no present value each in the Company ("Ordinary Shares") in
accordance with the Loan Funded Share Plan. The Ordinary Shares
were issued to the trustee of ThinkSmart's Loan Funded Share Plan
on 4 July 2013 and 18 September 2014 respectively to hold on trust
for Mr Montarello, subject to certain performance criteria. The
750,000 and 500,000 Ordinary Shares subsequently failed to vest due
to not meeting the required performance criteria and so have been
cancelled reducing Mr Montarello's beneficial shareholding in the
Company and also the number of Ordinary Shares in issue.
Mr Montarello's total shareholding now comprises of 29,061,036
Ordinary Shares, representing 27.88% of the Company's issued share
capital of 104,228,744 Ordinary Shares.
The Company's issued capital consists 104,228,744 Ordinary
Shares with voting rights. The Company hold no shares in
Treasury.
Post this cancellation, the total number of voting rights in the
Group is 104,228,744. This figure may be used by shareholders as
the denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the Group under the FCA's Disclosure Guidance and
Transparency Rules.
The notification set out below is provided in accordance with
the requirements of the EU Market Abuse Regulation.
Notification of a Transaction pursuant to Article 19(1) of
Regulation (EU) No. 596/2014
1. Details of the Person discharging managerial
responsibilities ("PDMR") / person closely
associated with them ("PCA")
--- ---------------------------------------------------------------------
a) Name ThinkSmart LTI Pty Limited
--- ------------------------------ -------------------------------------
2. Reason for the notification
--- ---------------------------------------------------------------------
a) Position / status PCA
--- ------------------------------ -------------------------------------
b) Initial notification Initial notification
/ amendment
--- ------------------------------ -------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------------
a) Name ThinkSmart Limited
--- ------------------------------ -------------------------------------
b) Legal Entity 213800ZBZQVXHDZHET73
Identifier
--- ------------------------------ -------------------------------------
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 Ordinary shares of NPV each
the financial in the Company
instrument AU000XINEAE8
--- ------------------------------ -------------------------------------
b) Nature of the Buy-back and subsequent cancellation
transaction of unvested Ordinary Shares
issued under the ThinkSmart
Limited 2013 and 2014Loan
Funded Share Plans
--- ------------------------------ -------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ------------------------
$0.2652 750,000 Ordinary Shares
--------- ------------------------
$0.362 500,000 Ordinary Shares
--------- ------------------------
--- ------------------------------ -------------------------------------
d) Aggregated information
* Aggregated volume 1,250,000 Ordinary Shares
$0.30392 per Ordinary Share
* Aggregated price
* Aggregated total
--- ------------------------------ -------------------------------------
e) Date of the transaction(s) 22 December 2017
--- ------------------------------ -------------------------------------
f) Place of the London Stock Exchange, AIM
transaction
--- ------------------------------ -------------------------------------
For further information please contact:
ThinkSmart Limited Via Instinctif Partners
Ned Montarello
Canaccord Genuity (Nominated
Adviser, Financial Adviser
and Joint Broker) +44 (0)20 7523 8350
Sunil Duggal
David Tyrrell
Andrew Buchanan
Richard Andrews
Peel Hunt LLP (Joint Broker) +44 (0) 20 7418 8900
Charles Batten
Guy Wiehahn
Rishi Shah
Instinctif Partners +44 (0)20 7457 2020
Giles Stewart
Rui Videira
This information is provided by RNS
The company news service from the London Stock Exchange
END
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