PATH Path Investments Plc

TIDMPATH

RNS Number : 3769T

Path Investments plc

24 March 2021

24 March 2021

Path Investments plc

("Path" or the "Company")

Director/PDMR Share Transaction

Path Investments plc (TIDM: PATH) announces that it was notified on 24 March 2021 that John Allardyce a director/person discharging managerial responsibility in the Company has, in order to transfer his shareholding in the Company into his ISA and SIPP, sold 6,000,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 0.2615 pence per Ordinary Share and then repurchased into his SIPP 2,400,000 Ordinary Shares at a price of 0.2770 pence per Ordinary Share and 3,600,000 Ordinary Shares into his ISA at a price of 0.2750 pence per Ordinary Share. The transactions took place on 24 March 2021 and further information is contained in the disclosure tables below.

The transactions were entered into in accordance with an exception from the lock up arrangements applicable to Existing Directors as described and defined in the Company's prospectus published on 12 March 2021.

Following the transactions, there has been no change in the number of the Company's shares in which John Allardyce has an interest.

For further information please contact:

 
 Path Investments plc                         C/O IFC 
 Christopher Theis 
  Jack Allardyce 
 
 IFC Advisory (Financial PR & IR)             020 3934 6630 
 Tim Metcalfe 
  Zach Cohen 
 
 Grant Thornton UK LLP (Financial Adviser) 
  Jamie Barklem 
  Samantha Harrison 
  Harrison Clarke                             020 7383 5100 
 
 ETX Capital (Broker)                         020 7392 1400 
 Elliot Hance 
 

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

 
 1.    Details of Director/PDMR 
 (a)   Name                         John Allardyce 
      ---------------------------  ---------------------------------- 
 2.    Reason for notification 
      --------------------------------------------------------------- 
 (b)   Position / status                         Director 
      ---------------------------  ---------------------------------- 
 (c)   Initial notification         Initial notification 
        / amendment 
      ---------------------------  ---------------------------------- 
 3.    Details of the Issuer 
      --------------------------------------------------------------- 
 (a)   Name                         Path Investments plc 
      ---------------------------  ---------------------------------- 
 (b)   LEI                          21380058VQBP76M7TN11 
      ---------------------------  ---------------------------------- 
 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 transaction(s) 
        have been conducted 
      --------------------------------------------------------------- 
 (a)   Description of               Ordinary shares of 0.1 pence each 
        the financial instrument,    ISIN GB00BYQD5059 
        type of instrument,          PATH 
        Identification 
        code 
      ---------------------------  ---------------------------------- 
 (b)   Nature of the transaction    Sale of Ordinary Shares 
      ---------------------------  ---------------------------------- 
 (c)   Price(s) and volume            Price           Volume 
                                       0.2615 pence    6,000,000 
      ---------------------------  ---------------------------------- 
 (d)   Aggregated information 
        Aggregated Volume             6,000,000 
        Price                         GBP15,690.00 
      ---------------------------  ---------------------------------- 
 (e)   Date of the transactions     24 March 2021 
      ---------------------------  ---------------------------------- 
 (f)   Place of the transactions    London Stock Exchange 
      ---------------------------  ---------------------------------- 
 
 
 1.    Details of Director/PDMR 
 (a)   Name                         John Allardyce 
      ---------------------------  ---------------------------------- 
 2.    Reason for notification 
      --------------------------------------------------------------- 
 (b)   Position / status                         Director 
      ---------------------------  ---------------------------------- 
 (c)   Initial notification         Initial notification 
        / amendment 
      ---------------------------  ---------------------------------- 
 3.    Details of the Issuer 
      --------------------------------------------------------------- 
 (a)   Name                         Path Investments plc 
      ---------------------------  ---------------------------------- 
 (b)   LEI                          21380058VQBP76M7TN11 
      ---------------------------  ---------------------------------- 
 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 transaction(s) 
        have been conducted 
      --------------------------------------------------------------- 
 (a)   Description of               Ordinary shares of 0.1 pence each 
        the financial instrument,    ISIN GB00BYQD5059 
        type of instrument,          PATH 
        Identification 
        code 
      ---------------------------  ---------------------------------- 
 (b)   Nature of the transaction    Purchase of Ordinary Shares 
      ---------------------------  ---------------------------------- 
 (c)   Price(s) and volume            Price           Volume 
                                       0.2770 pence    2,400,000 
                                       0.2750 pence    3,600,000 
      ---------------------------  ---------------------------------- 
 (d)   Aggregated information 
        Aggregated Volume             6,000,000 
        Price                         GBP16,548.00 
      ---------------------------  ---------------------------------- 
 (e)   Date of the transactions     24 March 2021 
      ---------------------------  ---------------------------------- 
 (f)   Place of the transactions    London Stock Exchange 
      ---------------------------  ---------------------------------- 
 

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END

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March 24, 2021 10:06 ET (14:06 GMT)

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