Business
Share Transfer, Director/PDMR dealing and RPT
Share Transfer, Director/PDMR dealing and RPT.
About this update from Tsp Advanced Technologies Plc
[{"type":"text","content":"\n\n \n \n17 June 2024\nTruSpine Technologies plc\n(\"TruSpine\" or the \"Company\")\n \nShare Transfer Agreement, Director/PDMR dealing and Related Party Transaction\n \nTruSpine Technologies Plc, the medical device company focused on the spinal (vertebral) stabilisation market, announces that, the Company together with Geoff Miller, Non-executive Chairman of the Company and a shareholder of the Company (\"Shareholder\") entered into an agreement, pursuant to which the Shareholder has agreed to transfer 1,500,000 ordinary shares at a price of 1.5 pence per share, for an aggregate consideration of £22,500, to Geoff Miller (the \"Share Transfer Agreement\").\n \nDirector/PDMR dealing\n \nAs Geoff Miller is the Company's Non-executive Chairman, the Share Transfer Agreement constitutes a director dealing. Following the transaction, Mr Miller will hold 14,111,828 ordinary shares in the Company, representing 9.22 per cent. of the Company's current issued share capital. In addition, Mr Miller holds £136,573 of the Company's Convertible Loan Notes as announced on 14 March 2024.\n \nRelated Party Transaction\n \nThe entering into the Share Transfer Agreement (the \"Transaction\") is a related party transaction for the purposes of Rule 4.6 of the AQSE Growth Market Access Rulebook, by virtue of the Company and Geoff Miller, Non-executive Chairman of the Company, being a party to the Share Transfer Agreement. The directors of TruSpine independent of the Transaction confirm that, having exercised reasonable care, skill and diligence, the Transaction is fair and reasonable insofar as the shareholders of TruSpine are concerned.\n \nThis announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.\n \n-END-\n \nEnquiries:\n ...