6 September 2021
CloudCoCo Group plc
("CloudCoCo", the "Group" or the "Company")
Director/PDMR shareholding
CloudCoCo (AIM: CLCO), a UK provider of IT and communications solutions to businesses and public sector organisations, announces that with completion of the Placing announced on 17 August 2021, in accordance with the requirements of the UK Market Abuse Regulation, details of Simon and Lady Caroline Duckworth's participation in the Placing for 12,000,000 shares in aggregate are set out in the notification forms below. Simon Duckworth, Non-Executive Chairman of the Company, now has a total beneficial interest in the Company (including shares held by his wife) of 25,850,000 ordinary shares, which represents 3.66 per cent of the issued share capital.
Notification and public disclosure of transaction by person discharging managerial responsibilities.
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Simon Duckworth
|
| 2. | Reason for the Notification | |
| a) | Position/status | Non-Executive Chairman |
| b) | Initial notification/Amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | CloudCoCo Group plc |
| b) | LEI | 213800D4GJKAFHT5TB32 |
| 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 |
Ordinary shares of 1 penny each |
| Identification code | GB00B8GRBX01 | |
| b) | Nature of the transaction | Purchase |
| c) | Price(s) and volume(s) | Price: 1p
Volume: 8,000,000
|
| d) | Aggregated information: ·Aggregated volume ·Price | N/A
|
| e) | Date of the transaction | 3 September 2021 |
| f) | Place of the transaction | Outside a trading venue |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Lady Caroline Duckworth
|
| 2. | Reason for the Notification | |
| a) | Position/status | person closely associated to Simon Duckworth (a PDMR) |
| b) | Initial notification/Amendment | Initial notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | CloudCoCo Group plc |
| b) | LEI | 213800D4GJKAFHT5TB32 |
| 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 |
Ordinary shares of 1 penny each |
| Identification code | GB00B8GRBX01 | |
| b) | Nature of the transaction | Purchase |
| c) | Price(s) and volume(s) | Price: 1p
Volume: 4,000,000
|
| d) | Aggregated information: ·Aggregated volume ·Price | N/A
|
| e) | Date of the transaction | 3 September 2021 |
| f) | Place of the transaction | Outside a trading venue |
Contacts:
| CloudCoCo Group plc Mark Halpin (CEO) Darron Giddens (CFO)
| Via Alma PR |
| Allenby Capital Limited - (Nominated Adviser & Broker) Jeremy Porter / James Reeve - Corporate Finance Tony Quirke / Amrit Nahal - Sales & Corporate Broking
| Tel: +44 (0)20 3328 5656
|
| Alma PR - (Financial PR) David Ison Josh Royston Kieran Breheny | Tel: +44 (0)20 3405 0205 cloudcoco@almapr.co.uk
|
About CloudCoCo Group plc
Supported by a team of industry experts and harnessing a diverse ecosystem of partnerships with blue-chip technology vendors, CloudCoCo makes it easy for businesses and public sector organisations to work smarter, faster and more securely by providing a single point of purchase for their connectivity, telephony, cyber security, cloud, IT hardware and support needs.
CloudCoCo has offices in Warrington and Leeds in the UK.
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