For immediate release
9 November 2020
Aquila Services Group plc
("Aquila" or the "Company")
Director/PDMR Shareholding
Aquila, the quoted parent company of three main trading subsidiaries which provide professional consultancy and support services to organisations and businesses involved in the affordable housing, education, sports and community services sectors announces that it has been informed of the following dealings by a PDMR.
On 29 September 2020, Chris Wood, a director of the Company's subsidiaries, in principal agreed to sell off-market 17,000 shares (held in certificated form) to 5 members of staff, in blocks of 1,000 shares for 24.7p per share being the midmarket price on 21 September 2020 of 26p, less a discount of 5% due to not selling through a broker.
The individual sales and stock transfer forms were subsequently executed and sent out to the individuals on 6 October 2020. Settlement and execution of the transfers was delayed due to the relevant share certificate being mislaid and pending issue of a replacement certificate by the Registrars.
On 4 November 2020, Aquila was informed that following issue of the replacement certificate, the settlement of the transfer of 7,000 shares had taken place on 22 October 2020 and the remaining 10,000 have been lodged with the stamp duty office awaiting approval for subsequent settlement.
Following the sale of 17,000 shares, Mr Wood remains interested in 3,262,440 shares in Aquila representing 8.18% of the Company's issued share capital.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
The information contained in Appendix 1 below is disclosed in accordance with Article 19 of the EU Market Abuse Regulation.
For further information please visit www.aquilaservicesgroup.co.uk. or contact:
Aquila Services Group plc
Claire Banks, Group Finance Directors
Tel: 020 7934 0175
Beaumont Cornish Limited, Financial Adviser
Roland Cornish
Tel: 020 7628 3396
Appendix 1
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Christopher Wood | ||||
| 2 | Reason for notification | |||||
| a) | Position / status | PDMR | ||||
| b) | Initial notification /Amendment | Initial | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Aquila Services Group plc | ||||
| b) | LEI | 213800YHTDDQX5MZZW83 | ||||
| 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 instrument, type of instrument Identification code | Ordinary Shares of £0.05 each
ISIN GB00BPYP3Q26 | ||||
| | Nature of the transaction | Sale of 17,000 ordinary shares | ||||
| | Price(s) and volumes(s) |
| ||||
| d) | Aggregated information | 17,000 ordinary shares | ||||
| e) | Date of the transaction | 2020/10/06 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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