Business
Share Buy Back and Director/PDMR Shareholding
Share Buy Back and Director/PDMR Shareholding.
About this update from Celebrus Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 5138T D4T4 Solutions PLC 21 March 2019 \n\nD4t4 Solutions Plc\n(the \"Company\" or \"D4t4\")\n \n'ALL ABOUT THE DATA'\n'SOLUTIONS FOR COMPLEX DATA PROBLEMS'\n \nExercise of options, Issue of Equity, Transaction in Own Shares, Total Voting Rights, Directors' Dealings \nand Share Buyback Programme\n \nD4t4 Solutions Plc (AIM: D4T4) announces that on 21 March 2019, the Company issued and allotted 1,255,482 new ordinary shares of 2 pence each in the Company (\"New Ordinary Shares\") pursuant to the exercise of options by certain Directors and employees of the Company as outlined below (the \"Options Exercise\"). Following such Options Exercise, certain of the Directors and employees have agreed to sell 435,882 of the New Ordinary Shares to the Company at a price of 237.5 pence per New Ordinary Share, conditional upon admission of the New Ordinary Shares to AIM which is expected to take place on 21 March 2019. The New Ordinary Shares so purchased will be held in treasury by the Company and will be used to satisfy future exercises of share options. \n\n\n\nName\n\n\nPosition\n\n\nExercise Price\n\n\nNumber of Ordinary Shares Exercised \n\n\nNumber of Ordinary Shares Sold\n\n\nResultant Beneficial Holding\n\n\n\n\nPeter Kear\n\n\nChief Executive Officer\n\n\n18.5p\n\n\n35,000\n\n\n-\n\n\n1,665,752\n\n\n\n\nPeter Kear\n\n\nChief Executive Officer\n\n\n51.0p\n\n\n400,000\n\n\n110,000\n\n\n\n\nJim Dodkins\n\n\nChief Technology Officer\n\n\n51.0p\n\n\n400,000\n\n\n200,000\n\n\n690,266\n\n\n\n\nJohn Lythall\n\n\nNon-Executive Director\n\n\n51.0p\n\n\n380,000\n\n\n100,000\n\n\n2,213,960\n\n\n\n \nFollowing the Options Exercise the Company has 1,790,455 options over Ordinary Shares outstanding.\nRelated Party Transaction\nThe purchase of New Ordinary Shares by the Company into treasury from Peter Kear, Jim Dodkins and John Lythalll is considered a related party transaction pursuant to Rule 13 of the AIM Rules for Companies (\"AIM Rules\") (the \"Transaction\"). Accordingly, Carmel Warren, Mark Boxall, Matthew Tod, Peter Simmonds, Roger McDowell and Peter Whiting who are independent directors for the purposes of the Transaction, consider, having consulted with finnCap Ltd, the Company's Nominated Adviser for the purposes of the AIM Rules, that the terms of the Transaction are fair and rea...