ARGO Group Limited Director/PDMR Shareholding
20 Février 2025 - 12:29PM
RNS Regulatory News
RNS Number : 8976X
ARGO Group Limited
20 February 2025
20 February 2025
Argo
Group Limited
("Argo"
or the "Company")
PDMR/PCA
Dealings
Argo Group Limited announces that
today Andreas Rialas purchased 15,567,312 ordinary shares of $0.01
each in the Company ("Ordinary
Shares") from Farkland Ventures Limited (the beneficiaries
of which are potentially Andreas Rialas and his family) and
8,768,363 Ordinary Shares from Kyriakos Rialas. Following this
transaction, Andreas Rialas has a direct interest in 27,738,313
Ordinary Shares, representing approximately 80.0% of the Company's
issued share capital, and both Farkland Ventures Limited and
Kyrialos Rialas have no interest in Ordinary Shares.
The notification tables set out below
provide details of these dealings.
For
further information:
Argo Group Limited
Jeremy Bradshaw
Telephone: +44 (0)20 7016
7660
Panmure Liberum Limited
Nominated Adviser and
Broker
Atholl Tweedie
Telephone: +44 (0)20 7886
2500
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
|
Andreas Rialas
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Investment Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Argo Group Limited
|
|
b)
|
LEI
|
2138006AZQPG1K8GHO83
|
|
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 $0.01 each in
Argo Group Limited
|
|
|
|
|
Identification code
|
IM00B2RDSS92
|
|
b)
|
Nature of the transaction
|
(1) Purchase of Ordinary
Shares from Kyriakos Rialas
(2) Purchase Ordinary Shares
from Farkland Ventures Limited
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
(1)
|
£0.05
|
8,768,363
|
|
|
|
(2)
|
£0.05
|
15,567,312
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
24,335,675
|
|
|
|
|
- Price
|
£0.05 per Ordinary Share
|
|
|
|
|
e)
|
Date of the transaction
|
20 February 2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
(XLON)
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Kyriakos Rialas
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Argo Group Limited
|
|
b)
|
LEI
|
2138006AZQPG1K8GHO83
|
|
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 $0.01 each in
Argo Group Limited
|
|
|
|
|
Identification code
|
IM00B2RDSS92
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares to Andreas
Rialas
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
£0.05
|
8,768,363
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
20 February 2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
(XLON)
|
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Farkland Ventures Limited
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
PCA of Andreas Rialas, Chief
Investment Office
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Argo Group Limited
|
|
b)
|
LEI
|
2138006AZQPG1K8GHO83
|
|
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 $0.01 each in
Argo Group Limited
|
|
|
|
|
Identification code
|
IM00B2RDSS92
|
|
b)
|
Nature of the transaction
|
Sale of Ordinary Shares to Andreas
Rialas
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
£0.05
|
15,567,312
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
|
|
|
|
- Aggregated volume
|
N/A
|
|
|
|
|
- Price
|
|
|
|
|
|
e)
|
Date of the transaction
|
20 February 2025
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM
(XLON)
|
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END
DSHFLFFLFTIIFIE
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