TIDMIDE

RNS Number : 9284Z

IDE Group Holdings PLC

15 January 2020

15 January 2020

IDE Group Holdings Plc

Change in Directors' Holdings

IDE Group Holdings plc (LSE:IDE, "Company" or "IDE") received notification on 15 January 2020 from Kestrel Partners LLP ("Kestrel") that on 14 January 2020 it transferred, on behalf of its discretionary clients, 52,770 ordinary shares of 2.5p each ("Shares") in the Company from accounts managed by Kestrel to the client's broker accounts. This transfer by Kestrel was made at the request of the client and there is no change in ultimate beneficial ownership. In addition, a transfer of 119,415 Shares was conducted between Kestrel discretionary clients at a price of GBP0.0425.

The notification by Kestrel also included the matters set out below:

Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect Shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.

Mr Sebastian White is a Senior Investment Director at Kestrel. He does not have any beneficial interest in Kestrel or in any of Kestrel's clients.

Prior to the transfer of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 34,456,208 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 34,403,438 Shares in the Company, which represents approximately 8.58% 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                            28,189,212               7.03% 
 Indirect    JIM Nominees Limited             1,656,683               0.41% 
             Bank of New York Nominees 
 Indirect     Ltd                               197,535               0.05% 
             Bank of New York Nominees 
 Indirect     Ltd                             4,360,008               1.09% 
 

For further information contact:

 
 IDE Group Holdings plc                              +44 (0)1223 535170 
 Andy Parker, Executive Chairman 
 
 
                                                     +44 (0) 207 220 
 finnCap Ltd                                          0500 
 Nominated Adviser and Broker 
 Corporate finance: Jonny Franklin-Adams / Hannah 
  Boros 
 ECM: Tim Redfern/ Richard Chambers 
 
 
 
 
 

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 - Sebastian White (non-executive director 
                                IDE Group Holdings Plc) 
     -----------------------  ------------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                     IDE Group Holdings Plc 
     -----------------------  ------------------------------------------------- 
 b)   LEI                      213800HA4PK7BHINK929 
     -----------------------  ------------------------------------------------- 
 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              2.5p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
                                ISIN: GB00B4NJ4984 
       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. 
 
                                Transfer between Kestrel clients at GBP0.0425. 
     -----------------------  ------------------------------------------------- 
 c)   Price(s) and              Price(s)     Volume(s) 
       volume(s)                 N/A          52,770 Shares 
                                  GBP0.0425    119,415 Shares 
                                             ---------------- 
     -----------------------  ------------------------------------------------- 
 d)   Aggregated information   Total 172,185 Shares 
 
 
       - Aggregated 
       volume 
 
 
       - Price 
     -----------------------  ------------------------------------------------- 
 e)   Date of the              2020-01-14 
       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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January 15, 2020 09:32 ET (14:32 GMT)

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