3 March 2020
Maestrano Group PLC
("Maestrano" or the "Company")
Director dealing
Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, was notified on 3 March 2020 that on 2 March 2020 M4soft Pty Ltd, a company associated with Ian Buddery, Chairman, bought 1,650,000 Maestrano ordinary shares of £0.01 each ("Ordinary Shares") at a price of £0.0212 per Ordinary Shares.
Following this acquisition, Ian Buddery and parties associated with him hold 8,470,140 Ordinary Shares representing 5.8 per cent. of the Company's total voting rights.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details.
Enquiries:
Maestrano Group plc
Ian Buddery, Chairman c/o IFC
Andrew Pearson, CEO c/o IFC
Grant Thornton (Nominated Adviser)
Colin Aaronson / Jamie Barklem / Niall McDonald +44 (0)20 7383 5100
Arden Partners (Broker)
Ruari McGirr / Ciaran Walsh +44 (0)20 7614 5900
IFC Advisory Limited (Financial PR & IR)
Graham Herring / Zach Cohen +44 (0)20 3934 6630
graham.herring@investor-focus.co.uk
Zach.cohen@investor-focus.co.uk
About Maestrano
Maestrano offers a patented cloud-based platform for master data management and business analytics, together with specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.
Further information on the Company is available at: www.maestrano.com
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
Notification of Transactions of Persons Discharging Managerial Responsibility and Persons Closely Associated with them
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
M4Soft Pty |
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2 |
Reason for the notification |
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a) |
Position/status |
M4Soft Pty Ltd is an entity connected with Ian Buddery, Chairman |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Maestrano Group Plc |
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b) |
LEI |
213800ZUBMOCVHSSJC14 |
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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 |
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a) |
Description of the financial instrument, type of instrument |
Ordinary shares of £0.01 each |
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Identification code |
GB00BYZQM590 |
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b) |
Nature of the transaction |
Share purchase |
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c) |
Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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2.12 pence |
1,650,000 |
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d) |
Aggregated information |
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- Aggregated volume |
Aggregate volume: 1,650,000 Aggregate price: 2,12 pence Aggregate total: 34,980.00 |
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- Price |
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e) |
Date of the transaction |
2 March 2020 |
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f) |
Place of the transaction |
London Stock Exchange |
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