30 January 2025
Literacy Capital plc
("Literacy" or the "Company")
Director / PDMR
Shareholding
The Company announces that Paul
Pindar, the Chairman of the Company, entered into an agreement to
pledge 15,000,000 Ordinary Shares of £0.001 each in the Company
("Ordinary Shares") of his holding as security against a personal
loan facility with HSBC to provide liquidity for personal property
investment commitments. The arrangement came into effect on 29
January 2025.
Mr Pindar's shareholding in the
Company of 15,500,000 Ordinary Shares remains unchanged. He is the
Company's largest shareholder. Mr Pindar, together with his wife,
Sharon Pindar, own 17,000,000 Ordinary Shares, representing over
28% of the Company's issued share capital. They have not sold any
shares in Literacy Capital since the Company's Admission to the
London Stock Exchange in June 2021.
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
|
Paul Pindar
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status
|
Chairman
|
|
b)
|
Initial notification /
Amendment
|
Initial Notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
Literacy Capital plc
|
|
b)
|
LEI
|
2549006P3DFN5HLFGR54
|
|
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
|
|
Identification code
|
ISIN: GB00BMF1L080
|
|
b)
|
Nature of the transaction
|
The pledge of 15,000,000 Ordinary
Shares as security against a personal loan facility with HSBC. Mr
Pindar remains the beneficial owner of the shares subject to the
pledge and retains full voting rights.
|
|
c)
|
Price(s) and volume(s)
|
Price: NA
Volume: 15,000,000
|
|
d)
|
Aggregate information
|
As above
|
|
- Aggregate volume
|
|
|
- Total Exercise Price
|
|
|
e)
|
Date of the transaction
|
29 January 2025
|
|
f)
|
Place of the transaction
|
Off-market
|
|
g)
|
Additional information
|
NA
|
-ENDS-
For
further information, please contact:
Literacy Capital plc / Book Asset Management
LLP
Richard Pindar / Aasha
Tailor
+44 (0) 20 3960 0280
MHP
Group
Reg Hoare / Ollie Hoare / Matthew
Taylor
book@mhpgroup.com
+44 (0) 7817 458 804 / + 44 (0) 7827
662 831
Singer Capital Markets Securities Limited
Alaina Wong
+44 (0) 20 7496 3000
A copy of this announcement will be
available on the Company's website at www.literacycapital.com.
Neither the content of the Company's
website, nor the content on any website accessible from hyperlinks
on its website for any other website, is incorporated into, or
forms part of, this announcement nor, unless previously published
by means of a recognised information service, should any such
content be relied upon in reaching a decision as to whether or not
to acquire, continue to hold, or dispose of, securities in the
Company.
LEI: 2549006P3DFN5HLFGR54
