Bigblu Broadband plc
('BBB' or the 'Company')
Director Dealing
Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultra-fast broadband services, announces that, on 14 October 2021, Michael Tobin OBE, Non-Executive Chairman of the Company, purchased 25,316 Ordinary Shares ("Ordinary Shares") in the Company at a price of 74p a share.
Following the transaction, Michael Tobin OBE has a beneficial interest in 489,823 Ordinary Shares, representing 0.84% of the Company's issued share capital.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||
| a)
| Name
| Michael Tobin | |||
| 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
| 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 financial instrument, type of instrument | Ordinary shares of £0.15 each | |||
| | | ||||
| Identification code | GB00BD5JMP10 | ||||
| | | ||||
| b)
| Nature of the transaction
| Acquisition of Shares | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | 74p | 25,316 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 25,316 | ||||
| | | ||||
| - Aggregated Value | £18,733.84 | ||||
| | | ||||
| e)
| Date of the transaction
| 14 October 2021 | |||
| f)
| Place of the transaction
| London Stock Exchange | |||
| Bigblu Broadband Group PLC | |
| Andrew Walwyn, Chief Executive Officer Frank Waters, Chief Financial Officer
| Via Walbrook PR |
| finnCap (Nomad and Broker) Marc Milmo / Simon Hicks / Charlie Beeson (Corporate Finance) Tim Redfern / Richard Chambers (ECM) | Tel: +44 (0)20 7220 0500 |
|
Walbrook PR (PR / IR advisers) | Tel: +44 (0)20 7933 8780 or |
| Nick Rome/Tom Cooper/Nicholas Johnson |
About Bigblu Broadband plc
Bigblu Broadband plc (AIM: BBB.L), is a leading provider of alternative super-fast broadband solutions throughout Europe and Australia. BBB delivers a portfolio of super-fast wireless broadband products for consumers and businesses unserved or underserved by fibre.
High levels of recurring revenue, increasing economies of scale and Government stimulation of the alternative broadband market in many countries provide a solid foundation for significant organic growth as demand for alternative super-fast broadband services increases around the world.
BBB's range of solutions includes satellite, next generation fixed wireless and 4G/5G delivering between 30 Mbps and 150 Mbps for consumers, and up to 1 Gbps for businesses. BBB provides customers ongoing services including hardware supply, installation, pre and post-sale support billings and collections, whilst offering appropriate tariffs depending on each end user requirements.
Importantly, as its core technologies evolve, and more affordable capacity is made available, BBB continues to offer ever-increasing speeds and higher data throughputs to satisfy market demands for 'video-on- demand'. Its alternative broadband offerings present a customer experience that is similar to that offered by wired broadband and the connection can be shared in the normal way with PCs, tablets and smart-phones via a normal wired or wireless router.
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