TIDMIQG

RNS Number : 6313H

IQGeo Group PLC

31 July 2023

31 July 2023

IQGEO Group Plc

Directors' Dealings

IQGEO Group plc (LSE:IQG, "Company" or "IQGEO") received notification on 28 July 2023 from Kestrel Partners LLP ("Kestrel") that on the 28 July 2023 it purchased for, on behalf of its discretionary clients, an aggregate of 16,060 ordinary shares of 2p each ("Shares") in the Company at an average price of GBP3.01635 per share.

Mr Royde is a partner of, and holds a beneficial interest in, Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in IQGEO.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 11,726,984 Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 4,617,008 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 16,343,992 Shares in the Company, which represents 26.55 per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 
 Holding      Nominee                      No. of shares   % of issued share 
  type                                                               capital 
              Bank of New York Nominees 
 Indirect      Ltd                            11,726,984              19.06% 
 Indirect     JIM Nominees Limited               355,203               0.57% 
 Indirect     Bank of New York Nominees        4,069,727               6.61% 
               Ltd 
  Indirect     Northern Trust Company            192,078               0.31% 
                AVFC

For further information contact:

 
 IQGEO Group plc                             +44 1223 606655 
 Richard Petti 
 Haywood Chapman 
 
 finnCap Ltd                                 +44 207 220 0500 
 Henrik Persson, Seamus Fricker (Corporate Finance) 
 Tim Redfern, Charlotte Sutcliffe (ECM)

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                     Kestrel Partners LLP 
     -----------------------  ---------------------------------------------- 
      Reason for the notification 
  2 
     ----------------------------------------------------------------------- 
 a)   Position/status          PCA - Max Royde (non-executive director IQGeo 
                                Group plc) 
     -----------------------  ---------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ---------------------------------------------- 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                     IQGEO Group plc 
     -----------------------  ---------------------------------------------- 
 b)   LEI                      213800P2PCLCEFANB194 
     -----------------------  ---------------------------------------------- 
      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              2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     -----------------------  ---------------------------------------------- 
 b)   Nature of the            Purchase 
       transaction 
     -----------------------  ---------------------------------------------- 
 c)   Price(s) and              28 July 2023 
       volume(s)                 Price(s)     Volume(s) 
                                             -------------- 
                                 GBP3.01635   16,060 shares 
                                             -------------- 
     -----------------------  ---------------------------------------------- 
 d)   Aggregated information   Total 16,060 shares @ GBP GBP3.01635 
       - Aggregated 
       volume 
       - Price 
     -----------------------  ---------------------------------------------- 
 e)   Date of the              28 July 2023 
       transaction 
     -----------------------  ---------------------------------------------- 
 f)   Place of the             London Stock Exchange (XLON) 
       transaction 
     -----------------------  ----------------------------------------------

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END

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July 31, 2023 02:00 ET (06:00 GMT)

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