Bigblu Broadband plc
('BBB' or the 'Company')
Director Dealing, Issue of Equity and Total Voting Rights
Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast and ultra-fast broadband services, announces that, on 25 October 2021, Andrew Walwyn, Chief Executive Officer of the Company, exercised an option over 233,333 ordinary shares of 15 pence each (the "Ordinary Shares") at a price of 33.75p per share under the Satellite Solutions Worldwide Group plc 2015 EMI Share Option Scheme (the "Option Exercise"). Application will be made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on or around the 29 October 2021.
Andrew Walwyn has retained all the shares following this exercise and, as a result, his beneficial interest has increased to 3,245,947 Ordinary Shares, representing 5.6% of the Company's issued share capital.
Further details on the exercise are included in the notifications below.
Total Voting Rights
Following the issue of 233,333 Ordinary Shares pursuant to the Option Exercise, the total number of shares in issue is 58,278,063 and there are no Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares with voting rights in the Company is 58,278,063.
| 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.
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
| a)
| Name
| Andrew Walwyn | ||||
| 2 | Reason for the notification | |||||
| a)
| Position/status
| Chief Executive Officer
| ||||
| 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
Identification code
| Ordinary shares of £0.15 each
GB00BD5JMP10 | ||||
| b)
| Nature of the transaction
| Exercise of option | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information -Aggregated volume
- Aggregate value
|
£78,749.89 | ||||
| e)
| Date of the transaction | 25 October 2021 | ||||
| f)
| Place of the transaction | Outside a trading venue | ||||
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