15 February 2024
Cirata plc
("Cirata" or the "Company")
Director/PDMR Shareholdings
Notification and public disclosure of transactions by persons discharging managerial responsibilities
Cirata plc (LSE: CRTA) provides the following notification of a transaction by persons discharging managerial responsibilities ("PDMR") relating to the vesting of shares under the 2013 Cirata plc US Equity Incentive Plan ("the Plan").
On 3 October 2022 Mr. Peter Lees (non-executive director) ("Mr Lees") was granted 24,560 Restricted Stock Units under the terms of the Plan ("Plan Award") all of which vested on 4 October 2023, as disclosed in the announcement of 4 October 2022.
On 8 December 2023, Mr. Lees sold 15,300 ordinary shares (the "Disposal") at a price of 62.25 pence per ordinary share, in part to cover the tax and national insurance liability which arose upon the vesting of the Plan Award.
Due to an administrative oversight, there was a delay to the notification of the Disposal. Following the Disposal, Mr Lees will be the beneficial owner of 69,260 ordinary shares, representing 0.06% of the total issued share capital of the Company.
The Disposal details are shown below:
| Name of Director | Total Number of ordinary shares held | Number of ordinary shares sold on 8 December 23 | Disposal Price per ordinary share | No. Of ordinary shares remaining |
| Peter Lees | 84,560 | 15,300 | 62.25 pence | 69,260 |
For further information, please contact:
| Cirata | Via FTI Consulting |
| Stephen Kelly, Chief Executive Officer | |
| Ijoma Maluza, Chief Financial Officer | |
| Daniel Hayes, Investor Relations | |
| | |
| FTI Consulting | +44 (0)20 3727 1137 |
| Matt Dixon /Kwaku Aning / Usama Ali | |
| | |
| Stijfel (Nomad and Joint Broker) | +44 (0)20 7710 7600 |
| Fred Walsh / Richard Short / Tom Marsh | |
| | |
| Liberum (Joint Broker) | +44 (0)20 3100 2000 |
| Max Jones / Ben Cryer / Nikhil Varghese | |
About Cirata
Cirata, accelerates data-driven revenue growth by automating data transfer and integration to modern cloud analytics and AI platforms without downtime or disruption. With Cirata, data leaders can leverage the power of AI and analytics across their entire enterprise data estate to freely choose analytics technologies, avoid vendor, platform, or cloud lock-in while making AI and analytics faster, cheaper, and more flexible. Cirata's portfolio of products and technology solutions make strategic adoption of modern data analytics efficient and automated. For more information about Cirata, visit www.cirata.com
| 1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
| a)
| Name
| Peter Lees | ||||
| 2
| Reason for the notification | |||||
| a)
| Position/status
| Non-Executive Director (PDMR for notification) | ||||
| b)
| Initial notification /Amendment | Initial notification | ||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a)
| Name
| Cirata plc | ||||
| b) | LEI | 213800Y1A75RSC698O04
| ||||
| 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 10 p each
ISIN: JE00B6Y3DV84 | ||||
| b)
| Nature of the transaction
| Sale of Ordinary Shares in relation to the 2013 Cirata plc US Equity Incentive Plan
| ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
| N/A | ||||
| e)
| Date of the transaction | 8 December 2023 | ||||
| f) | Place of the transaction | London Stock Exchange (XLON)
| ||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.