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DJ SAPO PLC Director/PDMR Shareholding

TIDMSAPO

RNS Number : 8254G

SAPO PLC

19 March 2020

SAPO plc (the "Company")

Director / PDMR Shareholding

SAPO plc (Aquis: SAPO), announces the following dealing in shares by a person discharging managerial responsibility:

Director: Dr Keith Harris

Transaction: issue of 20,000,000 shares on 17 March 2020 to Dr Keith Harris by the Company

Price: GBP0.01 pence per share. The consideration for the shares is to be left outstanding on terms that it shall be paid to the Company in full by 31 December 2024.

Total shares held by Dr Keith Harris: 20,000,000 representing 12% of the Company's entire issued share capital.

These shares shall rank pari passu in all respects with the existing ordinary shares of GBP0.01 each already in issue.

Following these allotments, the total number of issued shares and the total number of voting rights in the Company is 187,292,810. The total issued share capital is now GBP1,872,928.10.

The above figure of 187,292,810 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Selwyn Lewis, the Executive Director of the Company said: "We are very pleased to have our Chairman, Keith Harris, so committed to the future of SAPO."

Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014/Appendix 3, Part II of the AQSE Growth Market Rules for Issuers:

   1.   Details of the person discharging managerial responsibilities/persons closely associated 
   a.   Name: Dr Keith Harris 
   2.   Reason for the Notification 
   a.   Position/Status: Executive Chairman 
   b.   Initial Notification/Amendment: Initial 
   3.   Details of Issuer 
   a.   Name: SAPO plc 
   b.   LEI: 213800AMGNBSOCOSDN11 

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 (ISIN): Ordinary Shares of GBP0.01 each/ GB00B16GQJ90

   b.   Nature of the transaction: On market purchase 
   c.   Price(s) and volume(s): 
   Price          Volume 
   GBP0.01         20,000,000 
   d.   Aggregated information: 
   Aggregated volume          Price 
   20,000,000                        GBP200,000 
   e.   Date and time of the transaction: 17/03/2020 
   f.    Place of the transaction: Isle of Man 

The Directors of SAPO plc accept responsibility for this announcement.

For further information please contact:

Selwyn Lewis

Executive Director

SAPO plc

www.sapoinvest.com

info@sapoinvest.com

Aquis Stock Exchange Corporate Adviser

Alfred Henry Corporate Finance Limited

Jon Isaacs

jisaacs@alfredhenry.com

www.alfredhenry.com

Tel: +44 (0) 203 772 0021

Financial Advisor

Guild Financial Advisory Limited

Ross Andrews

Ross.Andrews@guildfin.co.uk

Max Raynor

Max.Raynor@guildfin.co.uk

www.guildfin.co.uk

Tel: +44 (0) 7894008100

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March 19, 2020 08:36 ET (12:36 GMT)