RNS Number : 3417D
Cirata PLC
15 February 2024

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)

Price(s)

Volume(s)

62.25 pence

15,300

d)

Aggregated information

N/A

e)

Date of the transaction

8 December 2023

f)

Place of the transaction

London Stock Exchange (XLON)

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