TIDMWAND
RNS Number : 9494T
WANdisco Plc
24 July 2020
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT
FOR PUBLICATION, RELEASE, OR DISTRIBUTION, IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN, INTO OR FROM, THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY
JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT
AND THE INFORMATION CONTAINED HEREIN IS FOR INFORMATION PURPOSES
ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE
SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY
SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE
REPUBLIC OF SOUTH AFRICA (UNLESS AN EXEMPTION UNDER THE RELEVANT
SECURITIES LAWS IS AVAILABLE) OR IN ANY OTHER JURISDICTION IN WHICH
ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
24 July 2020
WANdisco plc
("WANdisco" or the "Company")
Results of Director Dealings and Issue of Equity
Further to yesterday's announcement, certain Directors and
employees of the Company (together, the "Selling Shareholders"),
announce that, subject to completion, they have sold in aggregate
993,758 ordinary shares in the Company ( together, the "Vendor
Placing Shares") at a price of 500 pence per share following the
release of Restricted Stock Units ("RSUs") vesting under the
Company's options schemes, raising aggregate gross proceeds of
approximately GBP5 million ( together, the "Vendor Placing").
The trade date for the Vendor Placing share sale was 23 July
2020 and settlement is expected to occur on a T+5 basis on 30 July
2020.
Following the Vendor Placing, the Selling Shareholders that are
persons discharging managerial responsibilities ("PDMR") will have
the following resultant shareholdings:
Selling PDMR Ordinary Price of Ordinary shares Holding - number
shares sold Ordinary retained under of Ordinary
under RSU shares sold RSU Shares
--------------------------- ------------- ------------- --------------- -----------------
David Richards
( Chairman, CEO
and Co-founder) 243,536 500p 32,031 2,151,264
Yeturu Aahlad (
Chief Scientist,
Inventor & Co-Founder 217,961 500p 28,512 2,471,016
Erik Miller ( Chief
Financial Officer) 13,520 500p 1,820 1,820
Bob Corey ( Non-executive
Director) 13,002 500p 17,170 17,170
Karl Monaghan (
Non-executive Director) 26,085 500p 4,087 57,629
Total voting rights
The Vendor Placing Shares will, when issued under the Company's
existing block listing, rank pari passu in all respects with, and
will carry the same voting and dividend rights as the existing
ordinary shares. Following admission of the Vendor Placing Shares,
the Company's enlarged issued share capital will comprise
52,503,554 voting ordinary shares. The aforementioned figure of
52,503,554 voting ordinary shares may be used by shareholders in
the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
change in the interest in, the share capital of the Company under
the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules.
For further information, please contact:
WANdisco plc Via FTI Consulting
David Richards, Chief Executive Officer
and Chairman
Erik Miller, Chief Financial Officer
FTI Consulting +44 (0)20 3727 1137
Matt Dixon / Chris Birt / Kwaku Aning
Stifel (Nomad) +44 (0)20 7710 7600
Fred Walsh / Rajpal Padam
About WANdisco
WANdisco is the LiveData company for machine learning and AI.
WANdisco solutions enable enterprises to create an environment
where data is always available, accurate and protected, creating a
strong backbone for their IT infrastructure and a bedrock for
running consistent, accurate machine learning applications. With
zero downtime and zero data loss, WANdisco Fusion keeps
geographically dispersed data at any scale consistent between
on-premises and cloud environments allowing businesses to operate
seamlessly in a hybrid or multi-cloud environment. WANdisco has
over a hundred customers and significant go-to-market partnerships
with Microsoft Azure, Amazon Web Services, Google Cloud, Oracle,
and others as well as OEM relationships with IBM and Alibaba.
For additional information, please visit www.wandisco.com
IMPORTANT NOTICES
This Announcement or any part of it does not constitute or form
part of any offer to issue or sell, or the solicitation of an offer
to acquire, purchase or subscribe for, any securities in the United
States (including its territories and possessions, any state of the
United States and the District of Columbia). The Vendor Placing
Shares have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "US Securities Act")
or with any securities regulatory authority of any state or
jurisdiction of the United States, and may not be offered, sold or
transferred, directly or indirectly, in the United States except
pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the US Securities Act and in
compliance with any applicable securities laws of any state or
other jurisdiction of the United States. There will be no public
offering of securities in the United States.
This Announcement may contain and the Company may make verbal
statements containing "forward-looking statements" with respect to
certain of the Company's plans and its current goals and
expectations relating to its future financial condition,
performance, strategic initiatives, objectives and results. By
their nature, all forward-looking statements involve risk and
uncertainty because they relate to future events and circumstances
which are beyond the control of the Company, including amongst
other things, United Kingdom domestic and global economic business
conditions, market-related risks such as fluctuations in interest
rates and exchange rates, the policies and actions of governmental
and regulatory authorities, the effect of competition, inflation,
deflation, the timing effect and other uncertainties of future
acquisitions or combinations within relevant industries, the effect
of tax and other legislation and other regulations in the
jurisdictions in which the Company and its respective affiliates
operate, the effect of volatility in the equity, capital and credit
markets on the Company's profitability and ability to access
capital and credit, a decline in the Company's credit ratings; the
effect of operational risks; and the loss of key personnel. As a
result, the actual future financial condition, performance and
results of the Company may differ materially from the plans, goals
and expectations set forth in any forward-looking statements. Any
forward-looking statements made in this Announcement by or on
behalf of the Company speak only as of the date they are made.
Except as required by applicable law or regulation, the Company
expressly disclaims any obligation or undertaking to publish any
updates or revisions to any forward-looking statements contained in
this Announcement to reflect any changes in the Company's
expectations with regard thereto or any changes in events,
conditions or circumstances on which any such statement is
based.
Solely for the purposes of Article 9(8) of Commission Delegated
Directive 2017/593 (the "Delegated Directive") regarding the
responsibilities of Manufacturers under the Product Governance
requirements contained within: (a) Directive 2014/65/EU on markets
in financial instruments, as amended ("MiFID II"); (b) Articles 9
and 10 of the Delegated Directive; and (c) local implementing
measures (the "MiFID II Product Governance Requirements"), and
disclaiming all and any liability, whether arising in tort,
contract or otherwise which any "manufacturer" (for the purposes of
the MiFID II Product Governance Requirements) may otherwise have
with respect thereto, the Ordinary Shares have been subject to a
product approval process, which has determined that the Ordinary
Shares are (i) compatible with an end target market of retail
investors and investors who meet the criteria of professional
clients and eligible counterparties, each as defined in MiFID II;
and (ii) eligible for distribution through all distribution
channels as are permitted by MiFID II (the "Target Market
Assessment"). Notwithstanding the Target Market Assessment,
Distributors (as defined within the MiFID II Product Governance
Requirements) should note that: the price of the Ordinary Shares
may decline and investors could lose all or part of their
investment; the Ordinary Shares offer no guaranteed income and no
capital protection; and an investment in Ordinary Shares is
compatible only with investors who do not need a guaranteed income
or capital protection, who (either alone or in conjunction with an
appropriate financial or other adviser) are capable of evaluating
the merits and risks of such an investment and who have sufficient
resources to be able to bear any losses that may result therefrom.
The Target Market Assessment is without prejudice to the
requirements of any contractual, legal or regulatory selling
restrictions in relation to the proposed vendor placing.
Furthermore, it is noted that, notwithstanding the Target Market
Assessment, the Bookrunners will only procure investors who meet
the criteria of professional clients and eligible counterparties.
For the avoidance of doubt, the Target Market Assessment does not
constitute: (a) an assessment of suitability of appropriateness for
the purposes of MiFID II; or (b) a recommendation to any investor
or group of investors to invest in, or purchase, or take any other
action whatsoever with respect to the Ordinary
Shares. Each distributor is responsible for undertaking its own
target market assessment in respect of the Ordinary Shares and
determining appropriate distribution channels.
Stifel is regulated by the Financial Conduct Authority (the
"FCA") in the United Kingdom and is acting exclusively for the
Company, and Stifel will not be responsible to anyone (including
any purchasers of the Vendor Placing Shares) other than the Company
for providing the protections afforded to its clients or for
providing advice in relation to the Vendor Placing or any other
matters referred to in this Announcement.
No representation or warranty, express or implied, is or will be
made as to, or in relation to, and no responsibility or liability
is or will be accepted by Stifel or by any of its respective
affiliates or agents as to, or in relation to, the accuracy or
completeness of this Announcement or any other written or oral
information made available to or publicly available to any
interested party or its advisers, and any liability therefore is
expressly disclaimed.
The relevant notifications set out below are provided in
accordance with the requirements of Article 19 of the EU Market
Abuse Regulation.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name David Richards
--------------------------------------------- -----------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--------------------------------------------- -----------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name WANdisco plc
--------------------------------------------- -----------------------------
b) LEI 213800Y1A75RSC698O04
--------------------------------------------- -----------------------------
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 financial Ordinary shares of 10p each
instrument, type of instrument
Identification code ISIN: JE00B6Y3DV84
--------------------------------------------- -----------------------------
b) Nature of the transaction Sales of shares
--------------------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
500p 243,536
----------
--------------------------------------------- -----------------------------
d) Aggregated information - Aggregated volume 243,536
- Price 500p
------------------ -------------
- Aggregated total GBP1,217,680
------------------ -------------
--------------------------------------------- -----------------------------
e) Date of the transaction 23 July 2020
--------------------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------------------- -----------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Yeturu Aahlad
--------------------------------------------- -----------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Director
--------------------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--------------------------------------------- -----------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name WANdisco plc
--------------------------------------------- -----------------------------
b) LEI 213800Y1A75RSC698O04
--------------------------------------------- -----------------------------
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 financial Ordinary shares of 10p each
instrument, type of instrument
Identification code ISIN: JE00B6Y3DV84
--------------------------------------------- -----------------------------
b) Nature of the transaction Sales of shares
--------------------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
500p 217,961
----------
--------------------------------------------- -----------------------------
d) Aggregated information - Aggregated volume 217,961
- Price 500p
------------------ -------------
- Aggregated total GBP1,089,805
------------------ -------------
--------------------------------------------- -----------------------------
e) Date of the transaction 23 July 2020
--------------------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------------------- -----------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Erik E Miller
--------------------------------------------- -----------------------------
Reason for the notification
2
----------------------------------------------------------------------------
a) Position/status Director
--------------------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--------------------------------------------- -----------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name WANdisco plc
--------------------------------------------- -----------------------------
b) LEI 213800Y1A75RSC698O04
--------------------------------------------- -----------------------------
Details of the transaction(s): section to be repeated for
4 (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 financial Ordinary shares of 10p each
instrument, type of instrument
Identification code ISIN: JE00B6Y3DV84
--------------------------------------------- -----------------------------
b) Nature of the transaction Sales of shares
--------------------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
500p 13,520
----------
--------------------------------------------- -----------------------------
d) Aggregated information - Aggregated volume 13,520
- Price 500p
------------------ ----------
- Aggregated total GBP67,600
------------------ ----------
--------------------------------------------- -----------------------------
e) Date of the transaction 23 July 2020
--------------------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------------------- -----------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Bob Corey
--------------------------------------------- -----------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Director
--------------------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--------------------------------------------- -----------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name WANdisco plc
--------------------------------------------- -----------------------------
b) LEI 213800Y1A75RSC698O04
--------------------------------------------- -----------------------------
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 financial Ordinary shares of 10p each
instrument, type of instrument
Identification code ISIN: JE00B6Y3DV84
--------------------------------------------- -----------------------------
b) Nature of the transaction Sales of shares
--------------------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
500p 13,002
----------
--------------------------------------------- -----------------------------
d) Aggregated information - Aggregated volume 13,002
- Price 500p
------------------ ----------
- Aggregated total GBP65,010
------------------ ----------
--------------------------------------------- -----------------------------
e) Date of the transaction 23 July 2020
--------------------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------------------- -----------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Karl Monaghan
--------------------------------------------- -----------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Director
--------------------------------------------- -----------------------------
b) Initial notification/Amendment Initial notification
--------------------------------------------- -----------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name WANdisco plc
--------------------------------------------- -----------------------------
b) LEI 213800Y1A75RSC698O04
--------------------------------------------- -----------------------------
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 financial Ordinary shares of 10p each
instrument, type of instrument
Identification code ISIN: JE00B6Y3DV84
--------------------------------------------- -----------------------------
b) Nature of the transaction Sales of shares
--------------------------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
500p 26,085
----------
--------------------------------------------- -----------------------------
d) Aggregated information - Aggregated volume 26,085
- Price 500p
------------------ -----------
- Aggregated total GBP130,425
------------------ -----------
--------------------------------------------- -----------------------------
e) Date of the transaction 23 July 2020
--------------------------------------------- -----------------------------
f) Place of the transaction London Stock Exchange (XLON)
--------------------------------------------- -----------------------------
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
DSHRJMLTMTTTBIM
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July 24, 2020 02:00 ET (06:00 GMT)
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