TIDMIDOX

RNS Number : 0256Y

IDOX PLC

24 December 2019

Idox Plc

Directors' Dealings & Holdings in Company

Idox plc (LSE:IDOX, "Company" or "Idox") received notification on 24 December 2019 from Kestrel Partners LLP ("Kestrel") that on 20 December 2019 it acquired, on behalf of its discretionary clients, 300,000 ordinary shares of 1p each ("Shares") in the Company at a price of GBP0.34 per share. The notification also included the matters set out below.

Mr Scott, a non-executive director of Idox, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Idox.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 33,537,916 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 11,944,362 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 45,482,278 Shares in the Company, which represents 10.26% per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 
 Holding     Nominee                      No. of shares   % of issued share 
  type                                                              capital 
             Bank of New York Nominees 
 Indirect     Ltd                            33,537,916               7.57% 
 Indirect    JIM Nominees Limited             2,457,229               0.55% 
             Bank of New York Nominees 
 Indirect     Ltd                             9,252,823               2.09% 
             Bank of New York Nominees 
 Indirect     Ltd                               234,310               0.05%

For further information contact:

 
  Idox plc +44 (0) 870 333 7101 
   Chris Stone, Non-Executive Chairman 
   David Meaden, Chief Executive 
   Rob Grubb, Chief Financial Officer 
 
   N+1 Singer (NOMAD and Broker) +44 (0) 20 7496 3000 
   Shaun Dobson / Jen Boorer (Corporate Finance) 
   Tom Salvesen (Corporate Broking)

ANNEX

Template for 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                     Kestrel Partners LLP ('Kestrel') 
     -----------------------  ------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status          PCA - Oliver Rupert Andrew Scott (non-executive 
                                director of Idox plc and Partner in Kestrel) 
     -----------------------  ------------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                     IDOX Plc 
     -----------------------  ------------------------------------------------- 
 b)   LEI                      213800Z3FE6PWVSUGE70 
     -----------------------  ------------------------------------------------- 
 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              1p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
                                ISIN: GB0002998192 
       Identification 
       code 
     -----------------------  ------------------------------------------------- 
 b)   Nature of the            Transfer for a client account managed by Kestrel 
       transaction              to client account held at separate broker. 
                                No change of beneficial ownership. 
     -----------------------  ------------------------------------------------- 
 c)   Price(s) and              Price(s)   Volume(s) 
       volume(s)                 GBP 0.34   300,000 Shares 
                                           --------------- 
     -----------------------  ------------------------------------------------- 
 d)   Aggregated information 
                                 Bought 300,000 Shares in total at GBP0.34 
                                 per share 
       - Aggregated 
       volume 
 
 
       - Price 
     -----------------------  ------------------------------------------------- 
 e)   Date of the              2019-12-20 
       transaction 
     -----------------------  ------------------------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
     -----------------------  -------------------------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 24, 2019 07:49 ET (12:49 GMT)

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