1 June 2022
Location Sciences Group PLC
("Location Sciences" or the "Company" or the "Group")
Director dealings
Location Sciences (AIM: LSAI) announces that it has today issued 42,500,000 new ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") at an issue price of 0.2 pence per Ordinary Share (the "Issue Price") to Simon Wilkinson and Dr Nigel Burton, conditional upon Admission (as defined below), as payment in lieu of fees ("Fee Shares") and as detailed in the table below. The issue of the Fee Shares is in accordance with the terms of the letters of appointment for Simon Wilkinson and Dr Nigel Burton and is in respect of fees for the second year of their appointment as directors of the Company.
Application for admission to trading and total voting rights
Application has been made for 42,500,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to take effect on or around 9 June 2022 ("Admission").
Following Admission, the Company's issued share capital will comprise 2,647,587,398 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
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 | Simon Wilkinson | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Non-Executive Director - Chairman | ||||
| 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 | Fee shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: | | ||||
| | - Aggregated volume | 25,000,000 | ||||
| | - Price | GBP0.002 | ||||
| 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 | Dr Nigel Burton | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Non-Executive Director | ||||
| 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 | Fee shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information: | | ||||
| | - Aggregated volume | 17,500,000 | ||||
| | - Price | GBP0.002 | ||||
| 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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