4 April 2024
Aukett Swanke Group
Plc
("Aukett Swanke", the
"Company", or, together
with its subsidiaries, the "Group")
Further re
Subscription
Director/PDMR
Notifications
Aukett Swanke (AIM: AUK), the group
providing Smart Buildings, Architectural and Design Services, is
pleased to announce that, further to its announcement on 21 March
2024, certain members of the Board and management have subscribed
for, in aggregate, 15,000,000 Subscription Shares on the same terms
(including Subscription Price and Warrant entitlement) as the
Subscription announced on 21 March 2024, providing gross proceeds
of a total of £150,000 (the "Additional Subscription").
Participation by such members of the Board and management in the
Additional Subscription is as set out in the table
below:
|
Name
|
Role
|
Number of
ordinary shares subscribed for in the
Additional Subscription
|
No. of ordinary
shares held
post-Admission
|
% of enlarged share
capital
|
Number of
Warrants*
|
|
Nick Clark
|
Director
|
2,000,000
|
42,531,539
|
12.67%
|
2,000,000
|
|
Tony Barkwith
|
Director
|
5,000,000
|
5,000,000
|
1.49%
|
5,000,000
|
|
Freddie Jenner
|
Director
|
2,500,000
|
8,564,817
|
2.55%
|
2,500,000
|
|
Robert Fry
|
Director
|
2,000,000
|
4,150,000
|
1.24%
|
2,000,000
|
|
Jason Brameld
|
PDMR (non-Board)
|
2,500,000
|
3,285,110
|
0.98%
|
2,500,000
|
|
Jamie Finnan
|
Subsidiary director (non
PDMR)
|
1,000,000
|
3,492,000
|
1.04%
|
1,000,000
|
*
Warrants to be issued subject to approval of authority at AGM on 26
April 2024.
Related Party Transaction
Nick Clark, Tony Barkwith,
Freddie Jenner and Robert Fry (as Directors
of the Company), and Jason Brameld and Jamie Finnan (as directors
of one or more wholly-owned subsidiaries of the Company) are
classified as related parties under the AIM Rules for Companies and
their participation in the Additional Subscription constitutes a
related party transaction pursuant to Rule 13 of the AIM Rules for
Companies.
Accordingly, Clive Carver and
Tandeep Minhas, being the independent Directors for the purpose of
the related party transaction, having consulted with the Company's
nominated adviser, Strand Hanson, consider that the terms of the
above-named individuals' participation in the Additional
Subscription are fair and reasonable insofar as shareholders in the
Company are concerned.
Admission to trading on AIM and Total Voting
Rights
Application will be made to the
London Stock Exchange for admission ("Admission") of the new shares to be
issued pursuant to the Additional Subscription to trading on AIM.
It is expected that admission of the Additional Subscription shares
will occur on or around 11 April 2024.
On Admission, the Company's issued
ordinary share capital will consist of 335,655,938 ordinary shares
of one penny each ("Ordinary
Shares"), with one vote per share. The Company does not hold
any Ordinary Shares in treasury. Therefore, on Admission, the total
number of Ordinary Shares and voting rights in the Company will be
335,655,938. With effect from Admission, this figure may 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 FCA's Disclosure Guidance and Transparency
Rules.
Concert Party interest
Following the issue of the
Additional Subscription shares and Admission, the total holding of
the Concert Party (as detailed in the Company's announcement on 2
March 2023) shall comprise 96,159,484 Ordinary Shares, representing
28.65% of the Company's enlarged issued Ordinary Shares.
Nick Clark, Freddie Jenner (each a Director) and
Jason Brameld (a PDMR) are members of the Concert Party.
Capitalised terms in this announcement shall have the same
meaning as in the Company's announcement on 21 March 2024, unless
otherwise specified.
Contacts
Aukett Swanke Group
Plc
+44 (0) 20 7843 3000
Clive Carver,
Chairman
Nick Clark, Chief
Executive
Strand Hanson Limited, Financial and Nominated Adviser
+44 (0) 20 7409 3494
Richard Johnson, James
Bellman
Zeus Capital Limited,
Broker
+44 (0) 20 3829 5000
Simon Johnson, Louisa
Waddell
Investor/Media
+ 44 (0) 7979 604 687
Chris Steele
About Aukett Swanke Group plc
Aukett Swanke Group has a strong
foundation in architectural services and is on a transformative
journey to become a London-listed provider of Smart Buildings and
related services. ASG are uniquely positioned to ensure the
technical systems that run modern premises are designed as an
integral part of the structure, from the outset.
For more information go to
https://www.aukettswankeplc.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
|
a)
|
Name
|
1. Nick
Clark
2. Tony
Barkwith
3. Freddie
Jenner
4. Robert
Fry
5.
Jason Brameld
|
|
2
|
Reason for the
notification
|
a)
|
Position/status
|
1.
Director
2.
Director
3.
Director
4.
Director
5.
PDMR
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
3
|
Details of the issuer, emission
allowance market participant, auction platform,
auctioneer
or auction monitor
|
|
a)
|
Name
|
Aukett Swanke Group plc
|
|
b)
|
LEI
|
213800WWNHLPUBSUK220
|
|
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
|
Ordinary shares of 1p (ISIN:
GB0000617950)
|
|
b)
|
Nature of the transaction
|
Subscription for new ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
|
1. 1p
2. 1p
3. 1p
4. 1p
5. 1p
|
1. 2,000,000
2. 5,000,000
3. 2,500,000
4.
2,000,000
5. 2,500,000
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information
|
N/A - single transactions
|
|
e)
|
Date of the transaction
|
3 April 2024
|
|
f)
|
Place of the transaction
|
Off Exchange
|