20 February 2025
Argo Group Limited
("Argo" or the "Company")
PDMR/PCA Dealings
Argo Group Limited announces that today Andreas Rialas purchased 15,567,312 ordinary shares of $0.01 each in the Company ("Ordinary Shares") from Farkland Ventures Limited (the beneficiaries of which are potentially Andreas Rialas and his family) and 8,768,363 Ordinary Shares from Kyriakos Rialas. Following this transaction, Andreas Rialas has a direct interest in 27,738,313 Ordinary Shares, representing approximately 80.0% of the Company's issued share capital, and both Farkland Ventures Limited and Kyrialos Rialas have no interest in Ordinary Shares.
The notification tables set out below provide details of these dealings.
For further information:
Argo Group Limited
Jeremy Bradshaw
Telephone: +44 (0)20 7016 7660
Panmure Liberum Limited
Nominated Adviser and Broker
Atholl Tweedie
Telephone: +44 (0)20 7886 2500
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 | Andreas Rialas | |||
| 2 | Reason for the notification | ||||
| a)
| Position/status
| Chief Investment Officer | |||
| b)
| Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name | Argo Group Limited | |||
| b)
| LEI | 2138006AZQPG1K8GHO83 | |||
| 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 $0.01 each in Argo Group Limited
| |||
| | | ||||
| Identification code | IM00B2RDSS92 | ||||
| b)
| Nature of the transaction | (1) Purchase of Ordinary Shares from Kyriakos Rialas (2) Purchase Ordinary Shares from Farkland Ventures Limited | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | (1) | £0.05 | 8,768,363 | | |
| | (2) | £0.05 | 15,567,312 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | 24,335,675 | ||||
| | | ||||
| - Price | £0.05 per Ordinary Share | ||||
| | | ||||
| e)
| Date of the transaction | 20 February 2025 | |||
| f)
| Place of the transaction | London Stock Exchange, AIM (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a)
| Name | Kyriakos Rialas | |||
| 2 | Reason for the notification | ||||
| a)
| Position/status
| 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 | Argo Group Limited | |||
| b)
| LEI | 2138006AZQPG1K8GHO83 | |||
| 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 $0.01 each in Argo Group Limited
| |||
| | | ||||
| Identification code | IM00B2RDSS92 | ||||
| b)
| Nature of the transaction | Sale of Ordinary Shares to Andreas Rialas | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £0.05 | 8,768,363 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction | 20 February 2025 | |||
| f)
| Place of the transaction | London Stock Exchange, AIM (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
| a)
| Name | Farkland Ventures Limited | |||
| 2 | Reason for the notification | ||||
| a)
| Position/status
| PCA of Andreas Rialas, Chief Investment Office | |||
| b)
| Initial notification /Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a)
| Name | Argo Group Limited | |||
| b)
| LEI | 2138006AZQPG1K8GHO83 | |||
| 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 $0.01 each in Argo Group Limited
| |||
| | | ||||
| Identification code | IM00B2RDSS92 | ||||
| b)
| Nature of the transaction | Sale of Ordinary Shares to Andreas Rialas | |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price(s) | Volume(s) | | |
| | | £0.05 | 15,567,312 | | |
| | | | | | |
| d)
| Aggregated information | | |||
| | | ||||
| - Aggregated volume | N/A | ||||
| | | ||||
| - Price | | ||||
| | | ||||
| e)
| Date of the transaction | 20 February 2025 | |||
| f)
| Place of the transaction | London Stock Exchange, AIM (XLON) | |||
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