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PDMR dealing and TR1 announcement
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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 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
Trevor Brown |
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2 |
Reason for the notification |
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a) |
Position/status |
CEO |
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b) |
Initial notification /Amendment |
Initial |
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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 |
IQ-AI Ltd |
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b) |
LEI |
213800SPW48XRJS2QH57 |
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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 Identification code |
Ordinary Shares of £0.01 each
ISIN: JE00BD4H0R42 |
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b) |
Nature of the transaction |
Sale of shares |
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c) |
Price(s) and volume(s) |
£0.011 Volume: 45,761,083 |
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d) |
Aggregated information - Aggregated volume - Price |
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e) |
Date of the transaction |
11 October 2024 |
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f) |
Place of the transaction |
Main Market |
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
JE00BD4H0R42
Issuer Name
IQ-AI LIMITED
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Trevor Edward Brown
City of registered office (if applicable)
Country of registered office (if applicable)
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
11-Oct-2024
6. Date on which Issuer notified
11-Oct-2024
7. Total positions of person(s) subject to the notification obligation
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% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
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Resulting situation on the date on which threshold was crossed or reached |
0.000000 |
0.000000 |
0.000000 |
0 |
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Position of previous notification (if applicable) |
20.640000 |
0.000000 |
20.640000 |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
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Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
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JE00BD4H0R42 |
0 |
0 |
0.000000 |
0.000000 |
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Sub Total 8.A |
0 |
0.000000% |
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8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
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Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
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Sub Total 8.B1 |
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8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
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Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
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Sub Total 8.B2 |
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9. Information in relation to the person subject to the notification obligation
1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
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Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
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10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
On 11 October 2024, the percentage of voting rights held by Trevor Edward Brown dropped to 0%.
The total votes rights figure used for the purposes of this notification was 221,709,789
12. Date of Completion
11-Oct-2024
13. Place Of Completion
London United Kingdom
IQ-AI Limited announced that its CEO, Trevor Brown, sold 45,761,083 ordinary shares at £0.011 per share on 11 October 2024 on the Main Market. This transaction resulted in Mr. Brown's voting rights in IQ-AI Limited decreasing from a previously held 20.64% to 0% on the same date.
| Date | 14 Oct 2024 |
| Time | 12:05:29 |
| Category | Holding(s) in company |
| ID |
| 0916I |