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Bowen Fintech Plc announced that its non-executive director, Aamir Quraishi, sold 1,000,000 ordinary shares on 3 March 2023. The shares were transacted at a price of 8 pence per ordinary share. Following this sale, Mr. Quraishi holds no ordinary shares in the company, but retains warrants granted at IPO.
| Date | 6 Mar 2023 |
| Time | 07:00:04 |
| Category | Director/PDMR dealings |
| ID | 9271R |
6 March 2023
Bowen Fintech Plc
("Bowen" or the "Company")
Director Shareholding
Bowen (LSE: BWN), a special purpose acquisition company formed to acquire businesses in the technology innovations sector with a focus on the financial services industry, announces that Aamir Quraishi, non-executive director, has notified the Company that he has sold 1,000,000 ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") at a price of 8 pence per Ordinary Share.
Following this transaction, Aamir Quraishi does not hold any Ordinary Shares. He continues to hold the warrants granted to him at the time of the IPO as set out in the Prospectus dated 25 October 2022.
Enquiries:
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Bowen Fintech Plc |
c/o +44 (0)204 582 3500 |
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Aamir Quraishi, Non-executive Chairman |
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Optiva Securities Ltd - Broker |
+44 (0)203 137 1903 |
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Vishal Balasingham |
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Gracechurch Group - Financial PR |
+44 (0)204 582 3500 |
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Harry Chathli, Claire Norbury |
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Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Aamir Quraishi |
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2
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Reason for the notification
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a)
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Position/status
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Non-executive Chairman |
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b)
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Initial notification /Amendment
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Initial Notification |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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Bowen Fintech Plc |
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b)
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LEI
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213800LD3K77KC1EVD56 |
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4
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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)
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Description of the financial instrument, type of instrument |
Ordinary shares of 1 penny each |
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Identification code |
GB00BMYX7295 |
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b)
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Nature of the transaction
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Sale of Ordinary Shares |
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c)
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Price(s) and volume(s) |
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Price(s) |
Volume(s) |
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8 pence per Ordinary Share |
1,000,000 Ordinary Shares |
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d)
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Aggregated information |
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- Aggregated volume |
N/A |
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- Price |
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e)
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Date of the transaction
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3 March 2023 |
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f)
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Place of the transaction
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London Stock Exchange |
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