TIDMWAND

RNS Number : 7278R

WANdisco Plc

09 November 2021

9 November 2021

WANdisco plc

("WANdisco" or the "Company")

Director Shareholding

WANdisco (LSE: WAND), the LiveData company , announces that David Richards, Chairman and CEO of the Company, entered into a transfer and repurchase agreement with Equities First Holdings ("EFH") on 5 November 2021, a securities based capital provider of finance for private and institutional investors (the "Agreement"), in respect of 350,000 ordinary shares (the "Transferred Shares") of his total shareholding of 2,157,264 ordinary shares in the Company, as security for a loan.

Under the terms of the Agreement, Mr. Richards has transferred the Transferred Shares to EFH for consideration to be determined by the average of the last sale price of the ordinary shares as reported on Bloomberg over the three trading days upon and following receipt of the Transferred Shares by EFH.

Mr. Richards is required to redeem the Transferred Shares at maturity when the loan is repaid at the end of the three year term. Under the terms of the Agreement, EFH is prohibited from short selling or voting the shares during the term of the loan.

For further information, please contact:

 
 WANdisco plc                               via FTI Consulting 
 David Richards, Chief Executive Officer 
  and Chairman 
 Erik Miller, Chief Financial Officer 
 Daud Khan, VP Corporate Development 
 
                                            +44 (0)20 3727 
 FTI Consulting                              1137 
 Matt Dixon / Chris Birt / Kwaku Aning 
 
                                            +44 (0)20 7710 
 Stifel (Nomad and Joint Broker)             7600 
 Fred Walsh / Richard Short 
 
 Panmure Gordon (Joint Broker)              +44 (0)20 7886 
  Erik Anderson / Alina Vaskina              2500 
 

About WANdisco

WANdisco is the LiveData company. 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's products keep 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 more information on WANdisco, visit http://www.wandisco.com . www.wandisco.com

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(END) Dow Jones Newswires

November 09, 2021 02:00 ET (07:00 GMT)

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