Bidstack Group PLC Directors' dealings

Fecha : 28/10/2019 @ 05:25
Fuente : UK Regulatory (RNS & others)
Emisora : Bidstack Group Plc (BIDS)
Cotización : 16.25  -0.5 (-2.99%) @ 10:22
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Bidstack Group PLC Directors' dealings

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TIDMBIDS

RNS Number : 3258R

Bidstack Group PLC

28 October 2019

Certain information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon publication of this Announcement, this information is considered to be in the public domain.

28 October 2019

Bidstack Group Plc

('Bidstack' or the 'Company')

Directors' dealings

Bidstack Group Plc (AIM: BIDS.L), the in-game advertising group, announces that it has been informed today that James Draper, CEO, and Francesco Petruzzelli, CTO, on Friday 25 October 2019, each sold 1,500,000 ordinary shares at a price of 20 pence per share to realise gross sale proceeds of GBP300,000 each. The sale represents an aggregate of 1.23% of the Company's issued share capital.

On completion of the reverse takeover of Bidstack Limited by Bidstack Group Plc on 19 September 2018, both Mr Draper and Mr Petruzzelli entered into lock-in agreements which prevented them from selling any shares for 12 months following completion of the reverse takeover. These hard lock-ins expired on 19 September 2019.

Following the share sale, the remaining interests of Mr Draper and Mr Petruzzelli in the share capital of the Company will be as follows:

 
                          Number of    % of current    Number        Aggregate     % of diluted 
                           Ordinary     total voting    of options    number of     share 
                           Shares       rights                        shares and    capital* 
                                                                      options 
 James Draper             39,760,562   16.26%          5,000,000     44,760,562    16.47% 
 Francesco Petruzzelli    5,750,000    2.35%           22,299,500    28,049,500    10.32% 
 

current total voting rights are 244,540,312

* represents current total voting rights plus the aggregate number of options owned by Mr Draper and Mr Petruzzelli

James Draper, CEO, commented:

"Both Francesco and I have supported Bidstack financially for over four years during the early stage growth phase of the business and, given the progress made to date, for personal reasons we have taken this decision to sell a small proportion of our holdings. We both still have a significant financial interest in Bidstack and are confident in and excited by the Company's prospects. In respect of the balance of our holdings, we both remain subject to the orderly market undertakings contained in our lock-in agreements until September 2020."

The information contained in this notification is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.

FORM FOR NOTIFYING DEALINGS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)    Name                              James Draper 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                    Chief Executive 
     ---------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment     Initial Notification 
     ---------------------------------  ------------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                               Bidstack Group Plc 
     ---------------------------------  ------------------------------------ 
 b)   LEI                                213800Q47UWF61LMRR02 
     ---------------------------------  ------------------------------------ 
 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 0.5 pence each 
       instrument 
     ---------------------------------  ------------------------------------ 
 b)   Identification code                GB00BZ7M6059 
     ---------------------------------  ------------------------------------ 
 c)   Nature of the transactions         Disposal 
     ---------------------------------  ------------------------------------ 
 d)   Price(s) and volume(s)             Price: 20 pence per share 
                                          Volume: 1,500,000 shares 
     ---------------------------------  ------------------------------------ 
 e)   Aggregated information             As for d) above 
       - Aggregated volume 
       - Price 
     ---------------------------------  ------------------------------------ 
 f)   Date of the transactions           25 October 2019 
     ---------------------------------  ------------------------------------ 
 g)   Place of the transactions          London Stock Exchange 
     ---------------------------------  ------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)    Name                              Francesco Petruzzelli 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                    Chief Technical Officer 
     ---------------------------------  ------------------------------------ 
 b)   Initial notification/Amendment     Initial Notification 
     ---------------------------------  ------------------------------------ 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                               Bidstack Group Plc 
     ---------------------------------  ------------------------------------ 
 b)   LEI                                213800Q47UWF61LMRR02 
     ---------------------------------  ------------------------------------ 
 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 0.5 pence each 
       instrument 
     ---------------------------------  ------------------------------------ 
 b)   Identification code                GB00BZ7M6059 
     ---------------------------------  ------------------------------------ 
 c)   Nature of the transactions         Disposal 
     ---------------------------------  ------------------------------------ 
 d)   Price(s) and volume(s)             Price: 20 pence per share 
                                          Volume: 1,500,000 shares 
     ---------------------------------  ------------------------------------ 
 e)   Aggregated information             As for d) above 
       - Aggregated volume 
       - Price 
     ---------------------------------  ------------------------------------ 
 f)   Date of the transactions           25 October 2019 
     ---------------------------------  ------------------------------------ 
 g)   Place of the transactions          London Stock Exchange 
     ---------------------------------  ------------------------------------ 
 

- Ends -

Contacts:

 
 
   Bidstack Group Plc 
   James Draper, CEO                            via Buchanan 
 
   SPARK Advisory Partners Limited 
   (Nomad) 
   Mark Brady/Neil Baldwin/James 
   Keeshan                              +44 (0) 203 368 3550 
 
   Stifel Nicholas Europe Limited 
   (Broker) 
   Fred Walsh/Neil Shah                 +44 (0) 20 7710 7600 
 
   Buchanan Communications Limited 
   Chris Lane / Stephanie Watson 
   / Kim van Beeck 
   bidstack@buchanan.uk.com             +44 (0) 20 7466 5000 
 

Notes to editors

Bidstack is an advertising technology company which provides dynamic, targeted and automated native in-game advertising for the global video games industry across multiple platforms. Its proprietary API technology is capable of inserting adverts into natural advertising space within video games across multiple video games platforms (mobile, PC and console).

Bidstack's customers are games publishers and developers and advertising agencies, brands and programmatic advertising platforms. Bidstack contracts exclusive access to the native in-game advertising space within video games from their developers or publishers and sells that advertising space either direct to specific brands and their agencies or through programmatic advertising platforms.

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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