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Location Sciences Group PLC announced on 1 June 2022 that its CEO, Mr Mark Slade, sold 4,444,444 ordinary shares at 0.19p each, and CFO, Mr David Rae, sold 666,667 ordinary shares at 0.22p each for stated tax reasons. Following these transactions, Mr Slade holds 21,760,000 shares (0.84%) and Mr Rae holds 13,000,000 shares (0.50%) of the Company's issued ordinary share capital.
| Date | 1 Jun 2022 |
| Time | 13:25:58 |
| Category | Director/PDMR dealings |
| ID | 6012N |
1 June 2022
Location Sciences Group PLC
("Location Sciences" or the "Company" or the "Group")
Director/PDMR Shareholding
Location Sciences (AIM: LSAI) announces that it has today been notified of the following transactions by Mr Mark Slade and Mr David Rae, respectively Chief Executive Officer and Chief Financial Officer of the Company.
On 1 June 2022, Mr Mark Slade sold 4,444,444 ordinary shares of 0.1 pence each in the Company ("Shares") at a price of 0.19p per share and Mr David Rae sold 666,667 Shares at a price of 0.22p per share. These transactions were undertaken for tax reasons.
Following these share sales, Mr Mark Slade's total shareholding in the Company is 21,760,000 Shares, representing 0.84% of the issued ordinary share capital of the Company and Mr David Rae's total shareholding in the Company is 13,000,000 Shares, representing 0.50% of the issued ordinary share capital of the Company.
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 |
Mark Slade |
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2. |
Reason for the Notification |
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a) |
Position/status |
Executive Director - Chief Executive Officer |
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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 |
Location Sciences Group PLC |
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b) |
LEI |
213800MKYV25HW2IAX70 |
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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 GBP0.001
|
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Identification code |
ISIN: GB00BGT36S19 |
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b) |
Nature of the transaction |
Sale of shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: |
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- Aggregated volume |
4,444,444 |
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- Price |
0.19p |
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e) |
Date of the transaction |
1 June 2022 |
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f) |
Place of the transaction |
Outside a trading venue |
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1. |
Details of the person discharging managerial responsibilities / person closely associated |
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|
a) |
Name |
David Rae |
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|
2. |
Reason for the Notification |
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|
a) |
Position/status |
Executive Director - Chief Financial Officer |
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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 |
|||||
|
a) |
Name |
Location Sciences Group PLC |
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|
b) |
LEI |
213800MKYV25HW2IAX70 |
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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 |
|||||
|
a) |
Description of the Financial instrument, type of instrument |
Ordinary shares of GBP0.001
|
||||
|
Identification code |
ISIN: GB00BGT36S19 |
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|
b) |
Nature of the transaction |
Share sale |
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c) |
Price(s) and volume(s) |
|
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d) |
Aggregated information: |
|
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|
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- Aggregated volume |
666,667 |
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|
|
- Price |
0.22p |
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e) |
Date of the transaction |
1 June 2022 |
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f) |
Place of the transaction |
Outside a trading venue |
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For further information please contact:
Location Sciences Group PLC via Allenby Capital
Simon Wilkinson, Chairman
Allenby Capital Limited (Nominated Adviser) Tel: +44 (0)20 3328 5656
David Hart
Vivek Bhardwaj
Turner Pope Investments (TPI) Ltd (Broker) Tel: +44 (0)20 3657 0050
James Pope
Andy Thacker