TIDMBLTG

RNS Number : 4481Q

Blancco Technology Group PLC

18 October 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

18 October 2023

BLANCCO TECHNOLOGY GROUP PLC

(the "Company" or "Blancco")

SHARE ALLOTMENT, TOTAL VOTING RIGHTS AND DIRECTORS' DEALINGS

Further to the announcement made on 16 October 2023 that the Offer made by Bidco for the entire issued and to be issued share capital of Blancco had become unconditional, Blancco Technology Group (AIM: BLTG) announces that, on 17 October 2023, 1,864,742 Ordinary Shares of 2p each ("the New Ordinary Shares") were issued and allotted, conditional on Admission of the New Ordinary Shares to trading on AIM, to satisfy the vesting of awards and exercise of options held by employees (including certain directors, further details of which are provided below) of the Company pursuant to the Company's performance share plan and save as you earn plan.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will take place on or around 24 October 2023. The employees as beneficial holders of the New Ordinary Shares have given instructions to Blancco Trustees Limited in its capacity as the legal owner of the New Ordinary Shares to accept the Offer.

Following Admission, the New Ordinary Shares will rank equally with the existing Ordinary Shares, the total number of Ordinary Shares in issue will be 77,574,599 and the total number of voting rights will also be 77,574,599. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Group under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms and expressions used but not defined in this announcement have the same meanings as given to them in the Offer Document published by Bidco and dated 8 August 2023.

Directors' dealings

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                  Matt Jones 
     -------------------------------------  -------------------------------- 
 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:                                  Blancco Technology Group 
                                              plc 
     -------------------------------------  -------------------------------- 
 b)   LEI:                                   2138008487QKMQTA5428 
     -------------------------------------  -------------------------------- 
 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 2p each 
       instrument, type of instrument:        GB00B06GNN57 
       Identification code: 
     -------------------------------------  -------------------------------- 
 b)   Nature of the transaction:             Vesting of performance share 
                                              plan awards 
     -------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s):                     Price(s)    Volume(s) 
                                                   nil         523,031 
                                                              ---------- 
     -------------------------------------  -------------------------------- 
 d)    Aggregated information:               Single transaction as in 
         *    Aggregated volume:              4 c) above 
                                              523,031 
                                              nil 
         *    Price: 
     -------------------------------------  -------------------------------- 
 e)   Date of the transaction:               2023-10-17 
     -------------------------------------  -------------------------------- 
 f)   Place of the transaction:              Outside of a trading venue 
     -------------------------------------  -------------------------------- 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
     ----------------------------------------------------------------------- 
 a)   Name:                                  Adam Moloney 
     -------------------------------------  -------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                       Chief Financial Officer 
     -------------------------------------  -------------------------------- 
 b)   Initial notification/Amendment:        Initial notification 
     -------------------------------------  -------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
     ----------------------------------------------------------------------- 
 a)   Name:                                  Blancco Technology Group 
                                              plc 
     -------------------------------------  -------------------------------- 
 b)   LEI:                                   2138008487QKMQTA5428 
     -------------------------------------  -------------------------------- 
 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 2p each 
       instrument, type of instrument:        GB00B06GNN57 
       Identification code: 
     -------------------------------------  -------------------------------- 
 b)   Nature of the transaction:             Vesting of performance share 
                                              plan awards, exercise of 
                                              nil cost options and SAYE 
                                              options 
     -------------------------------------  -------------------------------- 
 c)   Price(s) and volume(s):                     Price(s)    Volume(s) 
                                                   nil         181,490 
                                                              ---------- 
     -------------------------------------  -------------------------------- 
 d)    Aggregated information:               Single transaction as in 
         *    Aggregated volume:              4 c) above 
                                              181,490 
                                              nil 
         *    Price: 
     -------------------------------------  -------------------------------- 
 e)   Date of the transaction:               2023-10-17 
     -------------------------------------  -------------------------------- 
 f)   Place of the transaction:              Outside of a trading venue 
     -------------------------------------  -------------------------------- 
 

For further information:

 
 Blancco Technology Group plc                         Via Buchanan 
  Matt Jones, Chief Executive Officer 
  Adam Moloney, Chief Financial Officer 
  Lorraine Young, Company Secretary 
 Stifel Nicolaus Europe Limited (Joint 
  Financial Adviser and Corporate Broker 
  to Blancco) 
  Nick Adams 
  Nick Harland 
  Richard Short 
  Ben Burnett                                 +44 (0) 20 7710 7600 
 
 
 Buchanan Communications Limited 
  Chris Lane / Jack Devoy 
  blancco@buchanan.uk.com                     +44 (0) 20 7466 5000 
 

About Blancco

Blancco Technology Group plc is a leading global provider of mobile lifecycle solutions and secure data erasure solutions. For more information, please visit www.blancco.com .

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October 18, 2023 02:00 ET (06:00 GMT)

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