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Drumz Plc - Director/PDMR Shareholding

·2-min read

1 October 2020

Drumz plc
('Drumz' or the 'Company')

Director Dealing

Further to the announcement made by the Company today which outlined Angus Forrest’s intention to participate in the Placing, the Company can confirm that Mr Forrest, CEO, subscribed for 3,636,363 Ordinary Shares at the Issue Price of 0.55 pence per share. In addition, as part of his subscription, Mr Forrest received warrants to subscribe for 1,818,181 Ordinary Shares at an exercise price of 1.2 pence each. The warrants must be exercised within a period of 12 months from the date of issue.

Capitalised terms and expressions used in this announcement will have the same meaning as in the announcement made earlier today which outlined the Placing.

Following the subscription, Mr Forrest holds 29,893,921 Ordinary Shares representing approximately 8.7% of the Company’s issued share capital as enlarged by the Placing. In addition, Mr Forrest holds 1,818,181 warrants over Ordinary Shares.

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

For further information please contact:

Drumz Plc

Angus Forrest

+44 (0) 20 3582 0566

WH Ireland (NOMAD & Broker)

www.whirelandcb.com

Mike Coe / Chris Savidge

020 7220 1666

Peterhouse Capital Limited (Joint broker)

Lucy Williams / Duncan Vasey

020 7469 0936

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Angus Forrest

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Drumz plc

b)

LEI

213800JHJFKALDJA5X97

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

a)

Description of the financial instrument, type of instrument

Identification code


Ordinary Shares of 0.1p each


GB00B06CZD75

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

Ordinary Shares

0.55

3,636,363

Warrants

1.2

1,818,181

Price(s)

Volume(s)

Ordinary Shares

0.55

3,636,363

Warrants

1.2

1,818,181

d)

Aggregated information

Ordinary Shares:
- Aggregated volume
- Price

Warrants:
- Aggregated volume
- Price




3,636,363
£20,000


1,818,181
£21,818

e)

Date of the transaction

1 October 2020

f)

Place of the transaction

London Stock Exchange, AIM