TIDMBOX
RNS Number : 8517L
Boxhill Technologies PLC
24 April 2018
Prior to publication, the information contained within this
announcement was deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). With the publication of this announcement,
this information is now considered to be in the public domain.
24 April 2018
BOXHILL TECHNOLOGIES PLC
("Boxhill", the "Group" or the "Company")
Issue of Shares and Options
Issue of Shares
The board of directors of Boxhill (the "Board") yesterday
resolved to issue the following ordinary shares of 0.1 pence each
("Ordinary Shares"), totalling 410,000,000 Ordinary Shares, in
settlement of amounts invoiced:
1. 140,000,000 Ordinary Shares at a price of 0.1 pence per share
in settlement of invoices for consultancy fees totalling GBP140,000
from Moorhen Limited, a company controlled by Phil Jackson, a
director of a Group company, in relation to his contracted ongoing
role within the payment services division of the Group.
2. 10,000,000 Ordinary Shares at a price of 0.1 pence per share
in settlement of invoices for consultancy fees totalling GBP10,000
from FS Business Limited, a company controlled by Andrew Flitcroft,
a director of the Company, in relation to his contracted services
as Finance Director and company secretary of the Company.
3. The Board has agreed contractual terms with John Botros t/a
St. James Street Chambers in relation to the legal work involved in
the acquisition of Timegrand Limited (acquisition announced on 10
April 2017) and post-acquisition dealings with the Gambling
Commission for a total consideration of GBP100,000 (the "Legal
Services"). The Board and Mr Botros have agreed to the issue of
100,000,000 Ordinary Shares at a price of 0.1 pence per share in
settlement of the invoice for the Legal Services. John Botros is a
director of a Group company
4. The Board has agreed contractual terms with Bluedale
Corporate Limited ("Bluedale") in relation to the corporate
finance/services work involved in the establishment of Market
Access Limited (announced on 28 March 2018) and post-establishment
activities for a total consideration of GBP160,000 (the "Corporate
Services"). The Board and Bluedale have agreed to the issue of
160,000,000 Ordinary Shares at a price of 0.1 pence per share in
settlement of the invoice for the Corporate Services. Bluedale is a
company controlled by John Botros, a director of a Group
company.
(Collectively, the "New Ordinary Shares")
The New Ordinary Shares were issued on 23 April 2018. An
application will be made to admit the New Ordinary Shares to
trading on AIM with effect from 30 April 2018. Following the issue
of the New Ordinary Shares, the Company has a total of
2,765,829,770 Ordinary Shares in issue. The above 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 change to their interest in, the share
capital of the Company under the FCA's Disclosure and Transparency
Rules.
Following the issue of the New Ordinary Shares, the following
notifiable positions of Ordinary Shares are held:
Percentage of
Number of Ordinary Ordinary Shares
Shares Held Held
Empire Global Management
Limited 500,000,000 18.08%
John Botros (1) 306,236,391 11.07%
Management Express Ltd (2) 236,656,580 8.56%
Moorhen Limited 140,000,000 5.06%
Lord Tim Razzall (3) 62,965,986 2.28%
Andrew Flitcroft (4) 35,674,408 1.29%
1. Includes shares held by Bluedale Corporate Limited, a company
Mr Botros controls, and 46,236,391 held by J M Malone, Mr Botros'
wife.
2. A company owned by James Rose, a director of a subsidiary of the Company.
3. A Director of the Company.
4. A director of the Company. Includes shares held by FS
Business Limited, a company Mr Flitcroft controls.
Issue of Options
The Board yesterday granted options over a total of 60,000,000
Ordinary Shares at an exercise price of 0.1 pence per share and a
life of 5 years (the "Options"), equivalent to 2.17% of the
ordinary share capital of the Company (following the issue of the
New Ordinary Shares). Included in the Options are 20,000,000
granted to Arno Rudolf and 20,000,000 to Clive Hyman, who are both
directors of the Company (the "Directors' Options"). The Directors'
Options were not a contractual entitlement and have been granted to
reward additional work undertaken.
Related Party Transactions
The Legal Services, Corporate Services and the issue of the
Ordinary Shares to settle the invoices for the Legal Services and
Corporate Services are related party transactions under the AIM
Rules for Companies. The Board consider, having consulted with
Allenby Capital Limited, the Company's nominated adviser, that the
terms of the transactions are fair and reasonable insofar as its
shareholders are concerned.
The issue of the Ordinary Shares to settle the invoices from
Moorhen Limited is a related party transaction under the AIM Rules
for Companies. The Board consider, having consulted with Allenby
Capital Limited, the Company's nominated adviser, that the terms of
the transaction are fair and reasonable insofar as its shareholders
are concerned.
The issue of the Ordinary Shares to settle the invoices from FS
Business Limited is a related party transaction under the AIM Rules
for Companies. The Board, other than Mr Flitcroft, consider, having
consulted with Allenby Capital Limited, the Company's nominated
adviser, that the terms of the transaction are fair and reasonable
insofar as its shareholders are concerned.
The issue of the Directors' Options are a related party
transaction under the AIM Rules for Companies. The Board, other
than Mr Hyman and Mr Rudolf, consider, having consulted with
Allenby Capital Limited, the Company's nominated adviser, that the
terms of the transactions are fair and reasonable insofar as its
shareholders are concerned.
For further information, contact:
Boxhill Technologies PLC 020 7493 9644
Lord Razzall, Executive Chairman
Website www.boxhillplc.com
Allenby Capital Limited (Nomad & Broker)
John Depasquale/Nick Harriss 020 3328 5656
PDMR Disclosures under the Market Abuse Regulation
1 Details of the person discharging managerial responsibilities
/ person closely associated
---------------------------------------------------------------------------
a) Name Philip Jackson
----------------------------------- --------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Director of a subsidiary company
----------------------------------- --------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Boxhill Technologies plc
----------------------------------- --------------------------------------
b) LEI 213800YKVH5ISMCNWJ42
----------------------------------- --------------------------------------
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 0.1p each in the
financial instrument, capital of the company
type of instrument
Identification code GB00B1DWH640
----------------------------------- --------------------------------------
b) Nature of the transaction subscription to a capital increase
----------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.001 140,000,000
----------------------------------- ---------------- --------------------
d) Aggregated information N/A (single transaction)
- Aggregated volume
- Price
----------------------------------- --------------------------------------
e) Date of the transaction 23 April 2018
----------------------------------- --------------------------------------
f) Place of the transaction XLON
----------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
----------------------------------------------------------------------------
a) Name Andrew Flitcroft
------------------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Director
------------------------------------ --------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Boxhill Technologies plc
------------------------------------ --------------------------------------
b) LEI 213800YKVH5ISMCNWJ42
------------------------------------ --------------------------------------
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 0.1p each in the
financial instrument, capital of the company
type of instrument
Identification code GB00B1DWH640
------------------------------------ --------------------------------------
b) Nature of the transaction subscription to a capital increase
------------------------------------ --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.001 10,000,000
------------------------------------ ----------------- -------------------
d) Aggregated information N/A (single transaction)
- Aggregated volume
- Price
------------------------------------ --------------------------------------
e) Date of the transaction 23 April 2018
------------------------------------ --------------------------------------
f) Place of the transaction XLON
------------------------------------ --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---------------------------------------------------------------------------
a) Name John Botros
----------------------------------- --------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status Director of a subsidiary company
----------------------------------- --------------------------------------
b) Initial notification Initial Notification
/Amendment
----------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Boxhill Technologies plc
----------------------------------- --------------------------------------
b) LEI 213800YKVH5ISMCNWJ42
----------------------------------- --------------------------------------
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 0.1p each in the
financial instrument, capital of the company
type of instrument
Identification code GB00B1DWH640
----------------------------------- --------------------------------------
b) Nature of the transaction subscription to a capital increase
----------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.001 260,000,000
----------------------------------- ---------------- --------------------
d) Aggregated information N/A (single transaction)
- Aggregated volume
- Price
----------------------------------- --------------------------------------
e) Date of the transaction 23 April 2018
----------------------------------- --------------------------------------
f) Place of the transaction XLON
----------------------------------- --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
----------------------------------------------------------------------------
a) Name Arno Rudolf
------------------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Director
------------------------------------ --------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Boxhill Technologies plc
------------------------------------ --------------------------------------
b) LEI 213800YKVH5ISMCNWJ42
------------------------------------ --------------------------------------
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 Options to subscribe for ordinary
financial instrument, shares of 0.1p each in the capital
type of instrument of the company
Identification code GB00B1DWH640
------------------------------------ --------------------------------------
b) Nature of the transaction acceptance of a stock option
------------------------------------ --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.001 20,000,000
------------------------------------ ----------------- -------------------
d) Aggregated information N/A (single transaction)
- Aggregated volume
- Price
------------------------------------ --------------------------------------
e) Date of the transaction 23 April 2018
------------------------------------ --------------------------------------
f) Place of the transaction XLON
------------------------------------ --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
----------------------------------------------------------------------------
a) Name Clive Hyman
------------------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------
a) Position/status Director
------------------------------------ --------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------
a) Name Boxhill Technologies plc
------------------------------------ --------------------------------------
b) LEI 213800YKVH5ISMCNWJ42
------------------------------------ --------------------------------------
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 Options to subscribe for ordinary
financial instrument, shares of 0.1p each in the capital
type of instrument of the company
Identification code GB00B1DWH640
------------------------------------ --------------------------------------
b) Nature of the transaction acceptance of a stock option
------------------------------------ --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.001 20,000,000
------------------------------------ ----------------- -------------------
d) Aggregated information N/A (single transaction)
- Aggregated volume
- Price
------------------------------------ --------------------------------------
e) Date of the transaction 23 April 2018
------------------------------------ --------------------------------------
f) Place of the transaction XLON
------------------------------------ --------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
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