TIDMDUPD
RNS Number : 5742L
Dragon-Ukrainian Prop. & Dev. PLC
30 April 2020
30 April 2020
Dragon-Ukrainian Properties & Development plc
("DUPD" or the "Company" and together with its subsidiaries, the
"Group")
Major shareholdings
Director/PDMR shareholding
Company update
The Company received notification on 30 April 2020 from Dragon
Capital Investments Limited (which, together with the Company's
Investment Manager, DCM Limited, is a part of the Dragon Capital
Group) that, on 29 April 2020 and 30 April 2020, Dragon Capital
acquired a total of 25,831,799 ordinary shares in the Company
("Ordinary Shares") at a price of 10 pence per Ordinary Share.
Following these share purchases, Dragon Capital Group now holds
91,339,262 Ordinary Shares, representing approximately 83.52% of
the issued share capital of the Company.
As such, with reference to the Company's announcement of 20
April 2020 in relation to the proposed cancellation of admission of
the Ordinary Shares to trading on AIM (the "Cancellation"), the
Company notes that, given the Dragon Capital Group's stated
intention to vote in favour of the Cancellation resolution at the
Company's extraordinary general meeting convened for 6 May 2020
(the "EGM"), and given that the Dragon Capital Group now holds an
interest in Ordinary Shares representing more than 75% of the
Company's issued share capital, the Dragon Capital Group is now in
a position to pass the Cancellation.
In addition, the Company received notification on 30 April 2020
from Lars Ernest Bader that, on 29 April 2020, Lars Ernest Bader
sold a total of 18,189,989 Ordinary Shares at a price of 10 pence
per Ordinary Share and, on 30 April 2020, Lars Ernest Bader sold a
total of 7,641,810 Ordinary Shares at a price of 10 pence per
Ordinary Share, following which Lars Ernest Bader no longer holds
interests in any Ordinary Shares.
The Company also confirms that the Company will not be in a
position to publish its final results for the year ended 31
December 2019 prior to the EGM, given that the results are
currently only at a preliminary stage of review with the Company's
auditors. However, for the avoidance of doubt, the Company expects
the results to show no significant changes to either the valuations
of its property investments, or its cash balance, between 30 June
2019 and 31 December 2019, nor any changes to the portfolio
composition over that period, and, as stated in the announcement of
20 April 2020, the Company has no clarity on when any of its
remaining assets will be disposed of.
Tomas Fiala, one of the Company's directors, is the principal
shareholder and managing director of Dragon Capital. Notification
is required under Article 19 of the Regulation (EU) No 596/2014 as
the Dragon Capital Group is a person closely associated with Tomas
Fiala.
For further information, please contact:
Dragon - Ukrainian Properties & Development plc ( www.dragon-upd.com
)
Mark Iwashko (Chairman) +380 (50) 381 8811
DCM Limited (Investment Manager)
Volodymyr Tymochko + 380 (44) 490 7120
Panmure Gordon (UK) Limited (Nominated
Adviser)
Atholl Tweedie +44 (0)20 7886 2500
Notification and public disclosure of transactions by persons
discharging managerial responsibilities ("PDMRs") and persons
closely associated ("PCAs") with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Names Dragon Capital Investments
Limited
----------------------------- ----------------------------------
2 Reason for the notification
-----------------------------------------------------------------
a) Position/status PCA of Tomas Fiala, Non-executive
director of Dragon-Ukrainian
Properties & Development plc
----------------------------- ----------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------- ----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
-----------------------------------------------------------------
a) Name Dragon-Ukrainian Properties
& Developments plc
----------------------------- ----------------------------------
b) LEI 213800NH37XZ8YVXF913
----------------------------- ----------------------------------
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 Ordinary Shares of 1 pence
instrument, type of each
instrument
----------------------------- ----------------------------------
b) Identification code IM00B1XH2B90
----------------------------- ----------------------------------
c) Nature of the transactions Purchase of shares
----------------------------- ----------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
10 pence 18,189,989
----------------------------- ----------------------------------
e) Aggregated information NA - single transaction
- Aggregated volume
- Price
----------------------------- ----------------------------------
f) Date of the transactions 29 April 2020
----------------------------- ----------------------------------
g) Place of the transaction London Stock Exchange
----------------------------- ----------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Names Dragon Capital Investments
Limited
--------------------------- ----------------------------------
2 Reason for the notification
---------------------------------------------------------------
a) Position/status PCA of Tomas Fiala, Non-executive
director of Dragon-Ukrainian
Properties & Development plc
--------------------------- ----------------------------------
b) Initial notification/ Initial Notification
Amendment
--------------------------- ----------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
---------------------------------------------------------------
a) Name Dragon-Ukrainian Properties
& Developments plc
--------------------------- ----------------------------------
b) LEI 213800NH37XZ8YVXF913
--------------------------- ----------------------------------
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 Ordinary Shares of 1 pence
financial instrument, each
type of instrument
--------------------------- ----------------------------------
b) Identification code IM00B1XH2B90
--------------------------- ----------------------------------
c) Nature of the transactions Purchase of shares
--------------------------- ----------------------------------
d) Price(s) and volume(s) Price(s) Volume(s)
10 pence 1,000,000
10 pence 1,000,000
10 pence 1,000,000
10 pence 1,000,000
10 pence 1,000,000
10 pence 1,000,000
10 pence 1,000,000
10 pence 641,810
--------------------------- ----------------------------------
e) Aggregated information Price(s) Volume(s)
- Aggregated volume 10 pence 7,641,810
- Price
--------------------------- ----------------------------------
f) Date of the transactions 30 April 2020
--------------------------- ----------------------------------
g) Place of the transaction London Stock Exchange
--------------------------- ----------------------------------
Name of authorised official of issuer responsible for making
notification:
Oleg Laska
Chief Financial Officer of DCM Limited
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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