RNS Number : 2795O
Allied Minds PLC
16 May 2018
 

ALLIED MINDS PLC

PDMR DEALING NOTIFICATION

Allied Minds plc (the "Company") has issued new ordinary shares of one pence each ("Ordinary Shares") to certain persons discharging managerial responsibilities ("PDMRs") following the vesting of conditional awards in the form of restricted share units made under the Company's Long Term Incentive Plan (the "LTIP") in June 2014.

As a result, the Company received notification from the following PDMR in relation to the subscription for Ordinary Shares under the LTIP, and the subsequent sale of a portion of those Ordinary Shares solely to cover federal and state income tax liabilities arising as result of such vesting.

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Michael Turner

2

Reason for the notification

a)

Position/status

General Counsel and Company Secretary

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Allied Minds plc

b)

LEI

213800YB4G7YN21NLL72

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 one pence each




GB00BLRLH124

b)

Nature of the transaction

Subscription for 199,808 ordinary shares of one pence each in the capital of Allied Minds plc pursuant to the vesting of conditional awards in the form of restricted share units which were granted to Michael Turner on 4 June 2015 (20,220 shares) and 15 May 2017 (179,588 shares) pursuant to the terms and conditions of the Allied Minds plc Long Term Incentive Plan adopted on 19 June 2014.

This transaction is not linked to the exercise of a share option programme.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 £0.01 per ordinary share

 199,808

d)

Aggregated information

-

Aggregated volume

-

Price

N/A

 

 

e)

Date of the transaction

15 May 2018

f)

Place of the transaction

Outside a trading venue

 

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Michael Turner

2

Reason for the notification

a)

Position/status

General Counsel and Company Secretary

b)

Initial notification/Amendment

Initial notification

3

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

a)

Name

Allied Minds plc

b)

LEI

213800YB4G7YN21NLL72

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 one pence each




GB00BLRLH124

b)

Nature of the transaction

Sale of a portion of Ordinary Shares issued to Michael Turner on 15 May 2018, pursuant to the vesting of conditional awards in the form of restricted share units which were granted to Michael Turner on 4 June 2015 (20,220 shares) and 15 May 2017 (179,588 shares) pursuant to the terms and conditions of the Allied Minds plc Long Term Incentive Plan adopted on 19 June 2014, solely to cover federal and state income tax liabilities arising as result of vesting of such restricted share units.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

 £1.185420 per ordinary share

 112,491

d)

Aggregated information

-

Aggregated volume

-

Price

N/A

 

 

e)

Date of the transaction

15 May 2018

f)

Place of the transaction

XLON, London Stock Exchange Main Market

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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