TIDMPTRO
RNS Number : 4298Z
Pelatro PLC
10 January 2020
Pelatro Plc
("Pelatro", the "Company" or the "Group")
Director/PDMR Shareholdings
Pelatro Plc (AIM: PTRO), the global telecom Multichannel
Marketing Hub software specialist, announces the following transfer
of ordinary shares of 2.5 pence each in the capital of the Company
("Ordinary Shares") by certain Directors and PCAs.
The Company was notified on 9 January 2020, that on 7 January
2020 Kiran Menon, Varun Menon and Sudeesh Yezhuvath (together the
"Transferring Shareholders"), transferred their total shareholdings
in Pelatro, an aggregate of 12,993,553 Ordinary Shares, to Bannix
Management LLP ("Bannix"). The transfer of Ordinary Shares was made
for nil consideration. A summary of the shareholdings of the
Transferring Shareholders can be found in the table below.
Legislation in India restricts the direct private ownership of
securities by founding Indian individuals in overseas companies
which have subsidiaries. Bannix is registered in India and has been
established for the sole purpose of holding the Ordinary Shares of
the Transferring Shareholders as a result of this, which are in
exactly the same proportion as their original personal direct
shareholdings in Pelatro. Following this transfer, Bannix has an
interest in 12,993,553 Ordinary Shares in the Company, equivalent
to approximately 39.94%. It holds no other assets and has no other
shareholders.
Subash Menon and Sudeesh Yezhuvath's entire beneficial interest
in the Ordinary Shares of the Company are now through Bannix, and
their underlying beneficial holding in the Company remains
unchanged pursuant to the transfer.
Name Position Current Shareholding % of ISC Resultant % of ISC
Shareholding
Kiran Menon* PCA 4,842,122 14.88% 4,842,122** 14.88%
-------------------- --------------------- --------- -------------- ---------
Varun Menon* PCA 4,842,122 14.88% 4,842,122** 14.88%
-------------------- --------------------- --------- -------------- ---------
Sudeesh Yezhuvath Executive Director 3,309,309 10.17% 3,309,309** 10.17%
-------------------- --------------------- --------- -------------- ---------
*Adult son of Subash Menon, Managing Director of the Company
** Held in Bannix
This notification is made in accordance with the requirements of
the EU Market Abuse Regulation. The FCA notifications, made in
accordance with the requirements of the EU Market Abuse Regulation,
are appended further below.
For further information contact:
Pelatro Plc
Subash Menon, Managing Director & CEO hello@pelatro.com
Nic Hellyer, Finance Director
finnCap Limited (Nominated Adviser and
Broker) +44 (0)20 7220 0500
Carl Holmes/Kate Bannatyne/Matthew Radley
Notes to editors
The Pelatro Group was founded in March 2013 by Subash Menon and
Sudeesh Yezhuvath with the objective of offering specialised,
enterprise class software solutions for customer engagement
principally to telcos who face a series of challenges including
market maturity, saturation and customer churn.
Pelatro provides its "mViva" platform for use by customers in
B2C applications, and is well positioned in the Multichannel
Marketing Hub space (MMH) - this is technology that orchestrates a
customer's communications and offers to customer segments across
multiple channels to include websites, social media, apps, SMS,
USSD and others.
For more information about Pelatro, visit www.pelatro.com
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 Kiran Menon
------------------------------- -------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------
a) Position/status PCA, son of Managing Director Subash
Menon
------------------------------- -------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Pelatro plc
------------------------------- -------------------------------------
b) LEI 213800U45T7TEZX38V60
------------------------------- -------------------------------------
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 Ordinary shares of 2.5p ("Ordinary
Financial instrument, Shares")
type of instrument
Identification code GB00BYXH8F66
------------------------------- -------------------------------------
b) Nature of the transaction Transfer of Ordinary Shares
------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 4,842,122
----------
------------------------------- -------------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------------------------------- -------------------------------------
e) Date of the transaction 7 January 2020
------------------------------- -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Varun Menon
------------------------------- -------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------
a) Position/status PCA, son of Managing Director Subash
Menon
------------------------------- -------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Pelatro plc
------------------------------- -------------------------------------
b) LEI 213800U45T7TEZX38V60
------------------------------- -------------------------------------
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 Ordinary shares of 2.5p ("Ordinary
Financial instrument, Shares")
type of instrument
Identification code GB00BYXH8F66
------------------------------- -------------------------------------
b) Nature of the transaction Transfer of Ordinary Shares
------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 4,842,122
----------
------------------------------- -------------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------------------------------- -------------------------------------
e) Date of the transaction 7 January 2020
------------------------------- -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -------------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Sudeesh Yezhuvath
------------------------------- -------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------
a) Position/status Executive Director
------------------------------- -------------------------------------
b) Initial notification/Amendment Initial notification
------------------------------- -------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------
a) Name Pelatro plc
------------------------------- -------------------------------------
b) LEI 213800U45T7TEZX38V60
------------------------------- -------------------------------------
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 Ordinary shares of 2.5p ("Ordinary
Financial instrument, Shares")
type of instrument
Identification code GB00BYXH8F66
------------------------------- -------------------------------------
b) Nature of the transaction Transfer of Ordinary Shares
------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
N/A 3,309,309
----------
------------------------------- -------------------------------------
d) Aggregated information:
* Aggregated volume See above
* Price
------------------------------- -------------------------------------
e) Date of the transaction 7 January 2020
------------------------------- -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -------------------------------------
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
DSHGPUCPGUPUUBU
(END) Dow Jones Newswires
January 10, 2020 04:30 ET (09:30 GMT)
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