UK Markets closed

Drumz Plc - Director/PDMR Shareholding

  • Oops!
    Something went wrong.
    Please try again later.
·5-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • DRUM.L

30 November 2021

Drumz plc

('Drumz' or the 'Company')

Director/PDMR Dealing

Further to the announcement made by the Company today which outlined that the directors of the Company’s intend to participate in the Placing, the Company can confirm that the Directors have subscribed for, in aggregate, 7,000,001 Ordinary Shares at an issue price of 0.6 pence per share. In addition, as part of their subscription, the Directors received warrants to subscribe for, in aggregate, 7,000,001 Ordinary Shares at an exercise price of 1.0 pence each. Details of each Directors participation in the placing is set out below:

The directors of the Company (“Directors”)

Number of Ordinary Shares subscribed for pursuant to the placing

Total number of Ordinary shares held

Percentage of issued share capital held

Number of warrants subscribed for pursuant to the placing

Total number of warrants held

Simon Bennett, Non-Executive Chairman

2,000,000

2,000,000

0.5%

2,000,000

2,000,000

Angus Forrest, Chief Executive

1,666,667

31,560,588

7.5%

1,666,667

1,666,667

Nish Malde, Non-Executive Director

1,666,667

14,356,631

3.4%

1,666,667

1,666,667

John Wakefield, Non-Executive Director

1,666,667

1,666,667

0.4%

1,666,667

1,666,667

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.

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 / Sarah Mather

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

0.6p

1,666,667


Warrants

1.0p (exercise price)

1,666,667

d)

Aggregated information

Ordinary Shares:
- Aggregated volume
- Price

Warrants:
- Aggregated volume
- Price




1,666,667
0.6p


1,666,667
1.0p (exercise price)

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Simon Bennett

2

Reason for the notification

a)

Position/status

Non-Executive Chairman

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

0.6p

2,000,000


Warrants

1.0p (exercise price)

2,000,000

d)

Aggregated information

Ordinary Shares:
- Aggregated volume
- Price

Warrants:
- Aggregated volume
- Price




2,000,000
0.6p


2,000,000
1.0p (exercise price)

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nish Malde

2

Reason for the notification

a)

Position/status

Non-Executive Director

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

0.6p

1,666,667


Warrants

1.0p (exercise price)

1,666,667

d)

Aggregated information

Ordinary Shares:
- Aggregated volume
- Price

Warrants:
- Aggregated volume
- Price




1,666,667
0.6p


1,666,667
1.0p (exercise price)

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Wakefield

2

Reason for the notification

a)

Position/status

Non-Executive Director

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

0.6p

1,666,667


Warrants

1.0p (exercise price)

1,666,667

d)

Aggregated information

Ordinary Shares:
- Aggregated volume
- Price

Warrants:
- Aggregated volume
- Price




1,666,667
0.6p


1,666,667
1.0p (exercise price)

e)

Date of the transaction

30 November 2021

f)

Place of the transaction

London Stock Exchange, AIM

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting