TIDMBBB

RNS Number : 0180N

Bigblu Broadband PLC

19 September 2019

Bigblu Broadband plc

("BBB" or the "Company")

Issue of Equity / PDMR Dealing

Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast broadband services, announces that on 13 September 2019 a total of 733,333 options over ordinary shares of GBP0.15 each in the Company ("Ordinary Shares") were exercised and subsequently sold by a number of staff including Directors pursuant to the terms of the Company's Enterprise Management Incentive ("EMI") scheme and the Company's unapproved option scheme as per the table below:

 
 Name of                Type of      Exercise       Number         Aggregate       Number     Price 
  Option                  Award         Price    of Shares    Exercise Price    of Shares      Sold 
  Holder                            per Share    Exercised           Payable         Sold        At 
 Christopher 
  Hunter 
  (Chief 
  Sales Officer)     EMI Option       GBP0.79      108.333     GBP104,999.73      133,333   GBP1.10 
                   ------------  ------------  -----------  ----------------  -----------  -------- 
 Francis 
  Waters 
  (Chief 
  Financial 
  Officer)           EMI Option       GBP0.79      227,272     GBP178,976.70      227,272   GBP1.10 
                   ------------  ------------  -----------  ----------------  -----------  -------- 
 Francis 
  Waters 
  (Chief 
  Financial          Unapproved 
  Officer)               option       GBP0.79        6,060       GBP4.772.75        6,060   GBP1.10 
                   ------------  ------------  -----------  ----------------  -----------  -------- 
 Francis 
  Waters 
  (Chief 
  Financial 
  Officer)           EMI Option       GBP0.30      189,783      GBP56,251.68      189,783   GBP1.10 
                   ------------  ------------  -----------  ----------------  -----------  -------- 
 Jonathan 
  Robinson 
  (Chief 
  Marketing 
  Officer)           EMI Option       GBP0.30      189,783      GBP56,251.68      189,783   GBP1.10 
                   ------------  ------------  -----------  ----------------  -----------  -------- 
 Jonathan 
  Robinson 
  (Chief 
  Marketing 
  Officer)           EMI Option       GBP0.79       12,102       GBP9,268.08       12,102   GBP1.10 
                   ------------  ------------  -----------  ----------------  -----------  -------- 
 Total                                             733,333     GBP391,095.37      733,333 
                                               -----------  ----------------  -----------  -------- 
 

As a result of the above transactions, application has been made for a total of 733,333 new Ordinary Shares to be admitted to trading on AIM on 20 September 2019.

Total voting rights

Following admission, the Company will have a total of 57,570,879 Ordinary Shares in issue with one voting right per share.

The above figure 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 a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.

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

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                         Chris Hunter 
                                     Francis Waters 
                                     Jonathan Robinson 
      ---------------------------  ---------------------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------- 
 a)    Position/status              Chief Sales Officer 
                                     Chief Financial Officer 
                                     Chief Marketing Officer 
      ---------------------------  ---------------------------------------------- 
 b)    Initial notification         Initial Notification 
        /Amendment 
      ---------------------------  ---------------------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      --------------------------------------------------------------------------- 
 a)    Name                         Bigblu Broadband plc 
      ---------------------------  ---------------------------------------------- 
 b)    LEI                          2138008P6X5EX455KU41 
      ---------------------------  ---------------------------------------------- 
 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           Ordinary shares of GBP0.15 each 
        financial instrument, 
        type of instrument 
 
       Identification code          ISIN: GB00BD5JMP10 
 
 b)    Nature of the transaction    Exercise of options 
                                     Disposal of shares 
      ---------------------------  ---------------------------------------------- 
 c.    Price(s) and volume(s)        Name(s)              Price(s)    Volumes(s) 
        Option exercise:              Chris Hunter         GBP0.79     108,333 
        Share sale:                                       ----------  ----------- 
        Option exercise:              Chris Hunter         GBP1.10     108,333 
        Share sale:                                       ----------  ----------- 
        Option exercise:              Francis Waters       GBP0.79     233,332 
        Share sale:                                       ----------  ----------- 
        Option exercise:              Francis Waters       GBP1.10     233,332 
        Share sale:                                       ----------  ----------- 
        Option exercise:              Francis Waters       GBP0.30     189,783 
        Share sale:                                       ----------  ----------- 
                                      Francis Waters       GBP1.10     189,783 
                                                          ----------  ----------- 
                                      Jonathan Robinson    GBP0.30     189,783 
                                                          ----------  ----------- 
                                      Jonathan Robinson    GBP1.10     189,783 
                                                          ----------  ----------- 
                                      Jonathan Robinson    GBP0.79     12,102 
                                                          ----------  ----------- 
                                      Jonathan Robinson    GBP1.10     12,102 
                                                          ----------  ----------- 
      ---------------------------  ---------------------------------------------- 
 d)    Aggregated information: 
 
  - Aggregated volume               733,333 
 
  - Price                           GBP391,095.37 
 
 e)    Date of the transaction      Option exercise: 13 September 2019 
                                     Share sale: 13 September 2019 
      ---------------------------  ---------------------------------------------- 
 f)    Place of the transaction     Option exercise: Outside a trading 
                                     venue 
                                     Share sale: London Stock Exchange, 
                                     AIM Market (XLON) 
      ---------------------------  ---------------------------------------------- 
 

Contacts

 
 Bigblu Broadband plc                        www.bbb-plc.com 
 Andrew Walwyn, Chief Executive Officer      Via Walbrook PR 
  Simon Clifton, Chief Technology 
  Officer 
  Dominic Del Mar, Corporate Development 
                                             Tel: +44 (0)20 7260 1000 
   Numis Securities (Nomad and broker) 
 Oliver Hardy (Corporate Advisory) 
 James Black (Corporate Broking) 
                                             Tel: +44 (0)20 7933 8780 
   Walbrook (Media and Investor Relations) 
 Paul Cornelius / Nick Rome                  or bigblubroadband@walbrookpr.com 
 

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

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September 19, 2019 10:43 ET (14:43 GMT)

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