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Smoove Plc received notification that Kestrel Partners LLP purchased a total of 34,000 ordinary shares in the company on 6 and 7 December 2022 at an average price of £0.3870294 per share. Following these transactions, Kestrel indirectly holds voting rights over 19,401,090 shares, representing 29.91% of Smoove Plc's issued share capital. Non-executive director Mr Scott holds a beneficial interest in Kestrel.
| Date | 8 Dec 2022 |
| Time | 09:36:46 |
| Category | Director/PDMR dealings |
| ID | 0648J |
Smoove Plc
Directors' Dealings & Holdings in Company
Smoove plc (LSE: SMV, "Company" or "SMV") received notification on 7 December 2022 from Kestrel Partners LLP ("Kestrel") that on 6 December and 7 December 2022 it purchased for its discretionary clients, a total of 34,000 ordinary shares of 0.4p each ("Shares") in the Company at an average price of £0.3870294 per share. The notification also included the matters set out below.
Mr Scott, a non-executive director of SMV, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in SMV.
Following this notification, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 13,232,144 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 6,168,946 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 19,401,090 Shares in the Company, which represents 29.91 per cent of the Company's issued share capital.
Kestrel's interest in the Shares in the Company is held through the following nominees:
|
Holding type |
Nominee |
No. of shares |
% of issued share capital |
|
Indirect |
Bank of New York Nominees Ltd |
13,232,144 |
20.40% |
|
Indirect |
JIM Nominees Limited |
492,235 |
0.76% |
|
Indirect Indirect |
Bank of New York Nominees Ltd Northern Trust Company AVFC |
5,426,711 250,000 |
8.37% 0.38% |
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For further information contact:
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Smoove plc |
Via Walbrook PR |
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Jesper With-Fogstrup, CEO |
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Michael Cress, Chief Financial Officer |
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Panmure Gordon (UK) Limited (Nomad & Broker) |
Tel: 020 7886 2500 |
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Dominic Morley Erik Anderson |
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Walbrook PR Limited |
smoove@walbrookpr.com or Tel: 020 7933 8780 |
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Tom Cooper/ Nick Rome |
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ANNEX
Template for 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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Kestrel Partners LLP ('Kestrel')
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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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PCA - Oliver Rupert Andrew Scott (non-executive director of Smoove plc and Partner in Kestrel) |
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b)
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Initial notification /Amendment
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Initial |
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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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Smoove plc |
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b)
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LEI
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213800TDUOUSIQT2OT29
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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
Identification code
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0.4p Ordinary Shares
ISIN: GB00BNG8T458
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b)
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Nature of the transaction
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Purchase |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information - Aggregated volume - Price |
Total Purchase of 34,000 shares at an average of £0.3870294.
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e)
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Date of the transaction
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06 December and 07 December 2022
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f)
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Place of the transaction |
London AIM |
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