RNS Number : 9815A
Kinovo PLC
20 August 2024
 

20 August 2024

 

 

("Kinovo", the "Company" or the "Group")

 

Share Incentive Plan, Director/PDMR Shareholding, Exercise of Options and Total Voting Rights

Share Incentive Plan

Kinovo Plc (AIM: KINO), the specialist property services Group that delivers compliance and sustainability solutions, announces the issue and allotment of 248,101 new ordinary shares of 10 pence each in the Company ("Ordinary Shares") for the benefit of participants in the Company's Share Incentive Plan (the "SIP") including Persons Discharging Managerial Responsibilities of the Company (each, a "PDMR").

The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which the trust will acquire Ordinary Shares on behalf of each participating employee, at the prevailing market price per share at the start of the accumulation period, using contributions deducted from pre-tax salary in each calendar month ("Partnership Shares"), with each participating employee being entitled to one Ordinary Share for each Partnership Share ("Matching Shares"), subject to the SIP rules including a minimum holding period of three years, using newly issued shares ("SIP New Ordinary Shares"). 34% of eligible staff participated in the 2023/24 SIP.

Details of the number of Partnership Shares purchased by the PDMRs at a price of 44.5 pence per Ordinary Share and the number of Matching Shares allocated to the PDMRs for no consideration, are set out against their names in the table below.

Name

Title

Number of Partnership Shares

Number of Matching Shares

David Bullen

Chief Executive Officer

4,045

4,045

Clive Lovett

Group Finance Director

4,045

4,045

Lee Venables

Chief Operating Officer

4,045

4,045

Alison Beach

Director - Subsidiary

4,045

4,045

John Lord

Director - Subsidiary

4,045

4,045

Nicole Rooney

Director - Subsidiary

4,045

4,045

 

Application has been made to the London Stock Exchange for the 248,101 Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to become effective on or around 21 August 2024. The SIP New Ordinary Shares will rank pari passu in all respects with the Company's existing Ordinary Shares.

CSOP Exercise of Options

Kinovo has also received notice by a former employee of the Company to exercise options over 25,000 ordinary shares of 10p each under the Company's CSOP ("CSOP New Ordinary Shares").

Application has been made for the 25,000 CSOP New Ordinary Shares to be admitted to trading on AIM which is expected to occur on 21 August 2024. The 25,000 CSOP New Ordinary Shares will rank pari passu with the Company's existing shares.

Total Voting Rights

Following Admission of the 248,101 SIP New Ordinary Shares and the 25,000 CSOP New Ordinary Shares, the issued share capital of the Company will be 63,291,315 Ordinary Shares with one voting right each. The Company does not hold any shares in treasury.

The above 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 FCA's Disclosure Guidance and Transparency Rules.



 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

David Bullen

2

Reason for notification


a.

Position/Status

CEO

b.

Initial notification/ Amendment

Initial Notification

3

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

a.

Name

Kinovo Plc

b.

LEI

213800JDWVCVYWS87928

 

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 10 pence each

 

GB00BV9GHQ09
 

b.

Nature of the transaction

Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the SIP.

c.

Price(s) and volume(s)

Price(s)

Volume(s)

44.5 p

4,045 (Partnership Shares)

Nil

4,045 (Matching Shares)

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction  

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Clive Lovett

2

Reason for notification


a.

Position/Status

Group Finance Director

b.

Initial notification/ Amendment

Initial Notification

3

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

a.

Name

Kinovo Plc

b.

LEI

213800JDWVCVYWS87928

 

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 10 pence each

 

GB00BV9GHQ09
 

b.

Nature of the transaction

Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the SIP.

c.

Price(s) and volume(s)

Price(s)

Volume(s)

44.5p

4,045 (Partnership Shares)

Nil

4,045 (Matching Shares)

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction  

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Lee Venables 

2

Reason for notification


a.

Position/Status

COO

b.

Initial notification/ Amendment

Initial Notification

3

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

a.

Name

Kinovo Plc

b.

LEI

213800JDWVCVYWS87928

 

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 10 pence each

 

GB00BV9GHQ09
 

b.

Nature of the transaction

Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the SIP.

c.

Price(s) and volume(s)

Price(s)

Volume(s)

44.5p

4,045 (Partnership Shares)

Nil

4,045 (Matching Shares)

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction  

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Alison Beach

2

Reason for notification


a.

Position/Status

Director - Subsidiary

b.

Initial notification/ Amendment

Initial Notification

3

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

a.

Name

Kinovo Plc

b.

LEI

213800JDWVCVYWS87928

 

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 10 pence each

 

GB00BV9GHQ09
 

b.

Nature of the transaction

Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the SIP.

c.

Price(s) and volume(s)

Price(s)

Volume(s)

44.5p

4,045 (Partnership Shares)

Nil

4,045 (Matching Shares)

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction  

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

 

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

John Lord  

2

Reason for notification


a.

Position/Status

Director - Subsidiary

b.

Initial notification/ Amendment

Initial Notification

3

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

a.

Name

Kinovo Plc

b.

LEI

213800JDWVCVYWS87928

 

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 10 pence each

 

GB00BV9GHQ09
 

b.

Nature of the transaction

Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the SIP.

c.

Price(s) and volume(s)

Price(s)

Volume(s)

44.5p

4,045 (Partnership Shares)

Nil

4,045 (Matching Shares)

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction  

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

 

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014

1

Details of the person discharging managerial responsibilities/person closely associated

a.

Name

Nicole Rooney  

2

Reason for notification


a.

Position/Status

Director - Subsidiary

b.

Initial notification/ Amendment

Initial Notification

3

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

a.

Name

Kinovo Plc

b.

LEI

213800JDWVCVYWS87928

 

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 10 pence each

 

GB00BV9GHQ09
 

b.

Nature of the transaction

Purchase and allocation of Partnership and Matching Shares (no consideration), respectively, under the SIP.

c.

Price(s) and volume(s)

Price(s)

Volume(s)

44.5p

4,045 (Partnership Shares)

Nil

4,045 (Matching Shares)

d.

Aggregated information

- Aggregated Volume

- Price

Not applicable - single transaction  

 

 

e.

Date of the transaction

14 August 2024

f.

Place of the transaction

London Stock Exchange

                                                                          

 

Enquiries

Kinovo plc


Sangita Shah, Chairman

David Bullen, Chief Executive Officer

+44 (0)20 7796 4133

(via Hudson Sandler)



Canaccord Genuity Limited (Nominated Adviser and Sole Broker)

+44 (0)20 7523 8000

Adam James

Andrew Potts

Harry Rees




Hudson Sandler (Financial PR)

+44 (0)20 7796 4133

Dan de Belder

Harry Griffiths

Will Reynish


 

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