Regulatory News
02 May 2018
Director/PDMR dealings
The board of Keystone Law Group plc was today informed of the following transactions in ordinary shares of 0.2 pence each ("Ordinary Shares") in the capital of the Company:
- James Knight, Chief Executive Officer, sold 900,000 Ordinary Shares. Mr Knight's interest is now in 10,932,127 Ordinary Shares, representing 35.0% of the Company's issued share capital.
- Root Capital Fund II Limited Partnership ("Root Capital"), classified as a Person Closely Associated with Simon Philips, a Non-Executive Director of the Company, sold 1,800,000 Ordinary Shares. Root Capital's interest is now in 5,275,000 Ordinary Shares, representing 16.9% of the Company's issued share capital.
These transactions, which were undertaken today in response to market demand, were each completed at a price of 282 pence per Ordinary Share.
Prior to undertaking these transactions, Mr Knight and Root Capital each obtained the consent of the Company and Panmure Gordon (UK) Limited to the lifting of the lock-in agreement ("the Agreement") entered into at the time of the Company's IPO in respect of the Ordinary Shares sold. The Ordinary Shares retained by Mr Knight and Root Capital continue to be subject to the Agreement.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.
For further information:
| Keystone Law Group plc | ||
| James Knight, Chief Executive Officer | Tel: +44 (0) 20 3319 3700 | |
| Ashley Miller, Finance Director | www.keystonelaw.co.uk | |
| Panmure Gordon (UK) Limited (Nominated Adviser and Broker) |
||
| Andrew Potts / Peter Steel / Dominic Morley (Corporate Finance) | Tel: +44 (0) 20 7886 2500 | |
| Erik Anderson (Corporate Broking) | ||
| www.panmure.com | ||
Media enquiries:
| Buchanan | |
| Henry Harrison-Topham / Steph Watson | Tel: +44 (0) 20 7466 5000 |
| [email protected] | www.buchanan.uk.com |
Notification and public disclosure of transactions by persons discharging managerial responsibilities ("PDMRs") and persons closely associated with them.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | James Knight - Chief Executive Officer |
| 2 | Reason for the notification | |
| a) | Position/status | Mr Knight is classified as a PDMR of Keystone Law Group plc. |
| b) | Initial notification /Amendment | Initial Notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Keystone Law Group plc |
| b) | LEI | 213800RTARHELL51S215 |
| 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 0.2 pence each in the capital of the Company |
| b) | Identification code | GB00BZ020557 |
| c) | Nature of the transaction | Sale of Ordinary Shares |
| d) | Price(s) and volume(s) | Price: £2.82 Volume(s) - 900,000 |
| d) | Aggregated information - Aggregated volume - Price |
N/a |
| e) | Date of the transaction | 02 May 2018 |
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) |
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | Root Capital Fund II Limited Partnership |
| 2 | Reason for the notification | |
| a) | Position/status | Person Closely Associated Simon Philips is a Non-Executive Director and PDMR of Keystone Law Group plc, managing partner of Root Capital LLP and a limited partner inRoot Capital Fund II Limited Partnership. Root Capital LLP is the general partner of Root Capital Fund II Limited Partnership. |
| b) | Initial notification /Amendment | Initial Notification |
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| a) | Name | Keystone Law Group plc |
| b) | LEI | 213800RTARHELL51S215 |
| 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 0.2 pence each in the capital of the Company |
| b) | Identification code | GB00BZ020557 |
| c) | Nature of the transaction | Sale of Ordinary Shares |
| d) | Price(s) and volume(s) | Price: £2.82 Volume(s) - 1,800,000 |
| d) | Aggregated information - Aggregated volume - Price |
N/a |
| e) | Date of the transaction | 02 May 2018 |
| f) | Place of the transaction | London Stock Exchange, AIM (XLON) |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Name of authorised official of issuer responsible for making notification.
Ashley Miller
Finance Director, Keystone Law Group plc