RNS Number : 6012N
Location Sciences Group PLC
01 June 2022
 

1 June 2022

 

Location Sciences Group PLC

("Location Sciences" or the "Company" or the "Group")

 

Director/PDMR Shareholding

 

Location Sciences (AIM: LSAI) announces that it has today been notified of the following transactions by Mr Mark Slade and Mr David Rae, respectively Chief Executive Officer and Chief Financial Officer of the Company.

On 1 June 2022, Mr Mark Slade sold 4,444,444 ordinary shares of 0.1 pence each in the Company ("Shares") at a price of 0.19p per share and Mr David Rae sold 666,667 Shares at a price of 0.22p per share. These transactions were undertaken for tax reasons.

 

Following these share sales, Mr Mark Slade's total shareholding in the Company is 21,760,000 Shares, representing 0.84% of the issued ordinary share capital of the Company and Mr David Rae's total shareholding in the Company is 13,000,000 Shares, representing 0.50% of the issued ordinary share capital of the Company.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Slade

2. 

Reason for the Notification

a)

Position/status

Executive Director - 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

Location Sciences Group PLC

b)

LEI

213800MKYV25HW2IAX70

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 GBP0.001

 

Identification code

ISIN: GB00BGT36S19

b)

Nature of the transaction

Sale of shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.19p

4,444,444

 

d)

Aggregated information:



-  Aggregated volume

4,444,444


-  Price

0.19p

e)

Date of the transaction

1 June 2022

f)

Place of the transaction

Outside a trading venue

 

1. 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Rae

2. 

Reason for the Notification

a)

Position/status

Executive Director - Chief Financial Officer

b)

Initial notification/Amendment

Initial Notification

3. 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Location Sciences Group PLC

b)

LEI

213800MKYV25HW2IAX70

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 GBP0.001

 

Identification code

ISIN: GB00BGT36S19

b)

Nature of the transaction

Share sale

c)

Price(s) and volume(s)

Price(s)

Volume(s)

0.22p

666,667

 

d)

Aggregated information:



-  Aggregated volume

666,667


-  Price

0.22p

e)

Date of the transaction

1 June 2022

f)

Place of the transaction

Outside a trading venue

 

For further information please contact:

 

Location Sciences Group PLC                      via Allenby Capital

 

Simon Wilkinson, Chairman

 

Allenby Capital Limited (Nominated Adviser)        Tel: +44 (0)20 3328 5656

David Hart

Vivek Bhardwaj

 

Turner Pope Investments (TPI) Ltd (Broker)         Tel: +44 (0)20 3657 0050

James Pope

Andy Thacker

 

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