TIDMNWT

RNS Number : 6197Q

Newmark Security PLC

21 October 2019

21 October 2019

Newmark Security plc

("Newmark" or the "Company")

Director dealing and change to a significant shareholder

Newmark Security plc (AIM: NWT), a leading provider of electronic and physical security systems, announces that Maurice Dwek, Chairman of the Company, has today purchased 34,200,000 ordinary shares of 1p each of the Company ("Ordinary Shares") by way of a transfer at a price of 1p per share from Mr Elie Dwek (brother of Maurice Dwek).

Following the completion of this transfer, Maurice Dwek has a total beneficial interest in 92,799,467 Ordinary Shares, representing 19.8 per cent of the total issued share capital of the Company.

The notification grid below, which has been included in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Mr Elie Dwek is a significant shareholder of the Company pursuant to the AIM Rules for Companies and with this disposal of Ordinary Shares, Mr Dwek is now interested in 35,500,000 Ordinary Shares, representing 7.57 per cent of the total issued share capital of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                       Maurice Dwek 
     -------------------------  -------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status            Chairman 
     -------------------------  -------------------------------------------- 
 b)   Initial notification       Initial notification 
       /Amendment 
     -------------------------  -------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                       Newmark Security plc 
     -------------------------  -------------------------------------------- 
 b)   LEI                        213800CL2XGDB1YCLM67 
     -------------------------  -------------------------------------------- 
 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             Ordinary shares of 1p each in Newmark 
       the financial              Security plc 
       instrument, type 
       of instrument 
                                  Identification code (ISIN) for Newmark 
       Identification             Security plc ordinary shares: GB0006596406 
       code 
     -------------------------  -------------------------------------------- 
 b)   Nature of the              purchase of shares 
       transaction 
     -------------------------  -------------------------------------------- 
 c)   Price(s) and volume(s)       Price(s)   Volume(s) 
                                    1p         34,200,000 
                                   ---------  ----------- 
     -------------------------  -------------------------------------------- 
 d)   Aggregated information       Price(s)   Volume(s) 
       - Aggregated volume          n/a        n/a 
       - Price                                ---------- 
     -------------------------  -------------------------------------------- 
 e)   Date of the transaction    21 October 2019 
     -------------------------  -------------------------------------------- 
 f)   Place of the transaction   Outside of a trading venue 
     -------------------------  -------------------------------------------- 
 

For further information:

 
 Newmark Security plc 
 Marie-Claire Dwek, Chief Executive   Tel: +44 (0) 20 7355 
  Officer                              0070 
  Brian Beecraft, Group Finance        www.newmarksecurity.com 
  Director 
 Allenby Capital Limited              Tel: +44 (0) 20 3328 
  (Nominated Adviser and Broker)       5656 
 James Reeve / Liz Kirchner 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

October 21, 2019 12:55 ET (16:55 GMT)

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