Newmark Security PLC Director shareholding and concert party update (5805O)
01 Junio 2020 - 8:45AM
UK Regulatory
TIDMNWT
RNS Number : 5805O
Newmark Security PLC
01 June 2020
Newmark Security plc
("Newmark", the "Company" or the "Group")
Director shareholding and concert party update
Newmark Security plc (AIM: NWT), a leading provider of products
and services in the security and data sectors, announces that
Michel Rapoport, Non-Executive Director, has purchased 35,500,000
ordinary shares of 1p each of the Company ("Ordinary Shares") by
way of a transfer at a price of 1.06p per share from Mr Elie Dwek
(brother of Maurice Dwek, Chairman of the Company).
Following the completion of this transfer, Michel Rapoport will
have a total beneficial interest in 58,555,000 Ordinary Shares,
representing 12.49 per cent of the total issued share capital of
the Company.
Elie Dwek no longer has a notifiable interest in the Company's
issued share capital.
The Company has agreed with the Takeover Panel Executive that,
as a result of the transfer of shares from Elie Dwek to Michel
Rapoport, Michel Rapoport is now considered to be a member of the
Dwek family concert party under the UK Takeover Code (the "Dwek
Concert Party") pursuant to the provisions of Note 1 on Rule 9.1 of
the UK Takeover Code (the "Code"). Mr Rapoport was not a member of
The Dwek Concert Party prior to the transfer taking place. The Dwek
Concert Party now consists of Maurice Dwek, Elie Dwek, Marie-Claire
Dwek and Michel Rapoport. It has a combined shareholding of
155,854,467 Ordinary Shares, representing 33.25 per cent of the
total issued share capital and voting rights of the Company.
Under Rule 9 of the Code any person who acquires, whether by a
series of transactions over a period of time or not, an interest
(as defined in the Code) in shares which (taken together with
shares in which that person is already interested or in which
persons acting with him are interested) carry 30% or more of the
voting rights of a company which is subject to the Code, that
person is normally required to make a general offer to all the
remaining shareholders to acquire their shares.
Similarly, Rule 9 of the Code also provides that when any
person, together with persons acting in concert with him, is
interested in shares which, in aggregate, carry more than 30% of
the voting rights of such company but does not hold shares carrying
more than 50% of such voting rights, a general offer will normally
be required if any further interest in shares is acquired which
increases the percentage of shares carrying voting rights in which
he, together with persons acting in concert with him, are
interested.
As the Dwek Concert Party has a total interest in more than 30%
of the voting rights of the Company, but less than 50%, for so long
as they remain in concert, no member of The Dwek Concert Party
shall be able to acquire an interest in any other shares without
The Dwek Concert Party being required to make an offer for the
Company pursuant to Rule 9 of the Code.
For further information:
Newmark Security plc
Marie-Claire Dwek, Chief Executive Tel: +44 (0) 20 7355
Officer 0070
Graham Feltham, Group Finance www.newmarksecurity.com
Director
Allenby Capital Limited Tel: +44 (0) 20 3328
(Nominated Adviser and Broker) 5656
James Reeve / Liz Kirchner
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 Michel Rapoport
----------------------- --------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------
a) Position/status Non-Executive Director
----------------------- --------------------------------------------
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 Ordinary shares of 1p each in Newmark
of the financial Security plc
instrument, Identification code (ISIN) for Newmark
type of instrument Security plc ordinary shares: GB0006596406
Identification
code
----------------------- --------------------------------------------
b) Nature of the purchase of shares
transaction
----------------------- --------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 1.06p 35,500,000
--------- -----------
----------------------- --------------------------------------------
d) Aggregated information Price(s) Volume(s)
- Aggregated n/a n/a
volume ----------
- Price
----------------------- --------------------------------------------
e) Date of the 1 June 2020
transaction
----------------------- --------------------------------------------
f) Place of the Outside of a trading venue
transaction
----------------------- --------------------------------------------
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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