Business
Proposed Director Dealings and Issue of Equity
Proposed Director Dealings and Issue of Equity.
About this update from Cirata Plc
[{"type":"text","content":"\n \n \n RNS Number : 9346T\n WANdisco Plc\n 23 July 2020\n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA (UNLESS AN EXEMPTION UNDER THE RELEVANT SECURITIES LAWS IS AVAILABLE) OR IN ANY OTHER JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.\n \n \n \n \n \n This Announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this Announcement, this inside information is now considered to be in the public domain.\n \n \n \n \n \n 23 July 2020\n \n \n WANdisco plc\n \n \n (\"WANdisco\" or the \"Company\")\n \n \n \n \n \n Proposed Director Dealings and Issue of Equity\n \n \n \n \n \n Certain Directors and employees of the Company (together, the \"Selling Shareholders\"), have today indicated their intention to sell up to approximately 993,758 ordinary shares in the Company at 500 pence per share (\"Vendor Placing\") following the release of Restricted Stock Units (\"RSUs\") vesting under the Company's options schemes (together, the \"Vendor Placing Shares\"), representing up to approximately 1.9 per cent. of the Company's existing issued ordinary share capital. \n \n \n \n \n \n A full schedule of the Selling Shareholders that are persons discharging managerial responsibilities (\"PDMR\") can be found at the base of this announcement. Under the Vendor Placing, the PDMRs are intending to sell up to 514,104 ordinary shares and the other employees up to 479,654 ordinary shares. The PDMR's have advised the Company that their sales of ordinary shares in the Company are in part to cover their costs of the RSU release and associated taxes and that they intend to retain 25 per cent. of vested post tax shares. Following the sale, they would in aggregate hold 4,698,899 ordinar...