Business
Director's Dealing and Concert Party Update
Director's Dealing and Concert Party Update.
About this update from Cavendish Plc
[{"type":"text","content":"\n \n \n RNS Number : 1090M\n finnCap Group PLC\n 06 May 2020\n \n \n \n 6 May 2020\n \n \n finnCap Group plc\n Director's Dealing and Concert Party Update\n \n finnCap Group plc (AIM: FCAP) (the \"Company\") today announces that Sam Smith, a director of the Company, has transferred 300,000 Ordinary Shares in the Company from her own name into her SIPP at a value of 15.1 pence per share. The shares transferred represent 0.18% of the issued share capital of the Company. \n \n \n Following this transfer of shares, Sam Smith's beneficial interest over 16,014,286 Ordinary Shares, representing 9.42% of the current total voting rights of the Company, remains unchanged. The Company's Ordinary Shares referred to above are finnCap Group plc ordinary shares of 1 penny each and the total number of shares in issue is 170,007,010. \n \n \n Further details on the transfer are included in the notification below, made in accordance with the requirements of the EU Market Abuse Regulation.\n \n \n In addition, the Company announces that, following recent discussions, the Takeover Panel has agreed that the finnCap Concert Party, as previously described in the admission document dated 29 November 2018, now comprises of Sam Smith, Jon Moulton and Tom Hayward and their respective families and connected persons. \n \n \n Consequently, the finnCap Concert Party holds, in aggregate, 39,630,492 Shares representing 23.31% of the issued share capital of the Company. Sam Smith and Tom Hayward also hold, in aggregate, options over 2,631,866 Shares pursuant to the finnCap Group's various employee share option plans. Should all of these options vest pursuant to their terms and be exercised in full together, the holding of the finnCap Concert Party would increase to 42,262,358 Shares representing 24.48% of the Company's issued share capital as enlarged by that exercise and assuming no other shares had been issued by finnCap. Since the finnCap Concert Party is now interested in shares carrying less than 30% of the voting rights of the Company, members of the finnCap Concert Party are able to make purchases of shares to increase their interest up to 29.99% without triggering the requirement to make a mandatory offer to all shares pursuant to Rule 9 of the Takeover Code.\n \n Contacts\n \n finnCap Group plc Tel...