t
22 February 2024
Onward Opportunities Limited
("Onward Opportunities", "ONWD" or the "Company")
Director/PDMR Transactions
Onward Opportunities Limited (AIM: ONWD), the investment company targeting opportunities in smaller companies within the UK, announces that it has today been notified that Laurence Hulse, Investment Director of Dowgate Wealth Limited (the "Portfolio Manager") and a PDMR of the Company, has today sold and repurchased 53,000 Ordinary Shares as a "Bed and ISA" transaction ("the Transfer").
In order to effect the Transfer, Laurence Hulse sold 53,000 ordinary shares of nil par value each in the Company ("Ordinary Shares") at a price of 106 pence per Ordinary Share from his Broker Dealing Account and then repurchased into his Broker Individual Savings Account (ISA) the same number of 53,000 Ordinary Shares at a price of 106.06 pence per Ordinary Share.
There has been no change in beneficial ownership as a result of the Transfer. Following the Transfer Laurence Hulse remains interested in a total of 100,005 Ordinary Shares, representing 0.62% of the Company's issued share capital.
The notifications below, provided in accordance with the requirements of the UK Market Abuse Regulation, provide further details.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014 |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a. |
Name |
1. Laurence Hulse 2. Laurence Hulse |
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2 |
Reason for notification |
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a. |
Position/Status |
1. Investment Director of Dowgate Wealth Limited and PDMR 2. Investment Director of Dowgate Wealth Limited and PDMR |
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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 |
Onward Opportunities Limited |
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b. |
LEI |
213800OP1Q2B3EO9LE92 |
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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 nil par value each |
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b. |
Nature of the transaction |
1. Sale of Ordinary Shares 2. Purchase of Ordinary Shares into ISA |
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c. |
Price(s) and volume(s) |
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d. |
Aggregated information - Aggregated Volume - Price |
Not applicable (Single transaction)
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e. |
Date of the transaction |
1. 22 February 2024 2. 22 February 2024 |
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f. |
Place of the transaction |
1. London Stock Exchange, XLON
2. London Stock Exchange, XLON |
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On 22 February 2024, Onward Opportunities Limited announced that Laurence Hulse, a PDMR, completed a "Bed and ISA" transaction. This involved the sale of 53,000 Ordinary Shares at 106 pence per share, immediately followed by the repurchase of 53,000 Ordinary Shares at 106.06 pence per share. Following the transaction, Mr. Hulse's beneficial ownership remained unchanged, holding 100,005 Ordinary Shares, representing 0.62% of the Company's issued share capital.
| Date | 22 Feb 2024 |
| Time | 14:20:20 |
| Category | Director/PDMR dealings |
| ID | 1574E |