TIDMKINO

RNS Number : 2059J

Kinovo PLC

19 August 2021

19 August 2021

Kinovo plc

("Kinovo", or the "Company")

Share Incentive Plan, Director/PDMR Shareholding

Kinovo Plc (AIM: KINO), the specialist property services Group that delivers compliance and sustainability solutions, announces the issue and allotment of 923,054 new ordinary shares of 10 pence each in the Company ("Ordinary Shares") for the benefit of participants in the Company's Share Incentive Plan (the "SIP") including Persons Discharging Managerial Responsibilities of the Company (each, a "PDMR").

The SIP is an all-employee trust arrangement approved by HM Revenue and Customs, under which the trust will acquire Ordinary Shares on behalf of each participating employee, at the prevailing market price per share at the start of the accumulation period, using contributions deducted from pre-tax salary in each calendar month ("Partnership Shares"), with each participating employee being entitled to one Ordinary Share for each Partnership Share ("Matching Shares"), subject to the SIP rules, using newly issued shares.

Details of the number of Partnership Shares purchased by the PDMRs at a price of 17.5 pence per Ordinary Share and the number of Matching Shares allocated to the PDMRs for no consideration, are set out against their names in the table below.

 
      Name                 Title            Number of Partnership   Number of Matching 
                                                    Shares                Shares 
  David Bullen              CEO                    10,285                 10,285 
                  -----------------------  ----------------------  ------------------- 
                       Group Finance 
  Clive Lovett            Director                 10,285                 10,285 
                  -----------------------  ----------------------  ------------------- 
  Lee Venables              COO                    10,285                 10,285 
                  -----------------------  ----------------------  ------------------- 
    John Lord      Director - Subsidiary           10,285                 10,285 
                  -----------------------  ----------------------  ------------------- 
 Dennis Pickett    Director - Subsidiary           10,285                 10,285 
                  -----------------------  ----------------------  ------------------- 
 

Application has been made to the London Stock Exchange for the 923,054 Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to become effective on or around 25 August 2021. The shares will rank pari passu in all respects with the Company's existing Ordinary Shares.

Following Admission of the 923,054 Ordinary Shares, the issued share capital of the Company will be 62,137,757 Ordinary Shares with one voting right each. The Company does not hold any shares in treasury.

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 a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
---  ----------------------------------------------------------------------------- 
 a.   Name                      David Bullen 
                               --------------------------------------------------- 
 2    Reason for notification 
                               --------------------------------------------------- 
 a.   Position/Status           CEO 
     ------------------------  --------------------------------------------------- 
 b.   Initial notification/     Initial Notification 
       Amendment 
     ------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a.   Name                      Kinovo Plc 
     ------------------------ 
 b.   LEI                       213800JDWVCVYWS87928 
     ------------------------  --------------------------------------------------- 
 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            Ordinary Shares of 10 pence each 
       the financial 
       instrument, type 
       of instrument             GB00BV9GHQ09 
 
       Identification 
       Code 
     ------------------------  --------------------------------------------------- 
 b.   Nature of the             Purchase and allocation of Partnership and 
       transaction               Matching Shares (no consideration), respectively, 
                                 under the SIP. 
     ------------------------  --------------------------------------------------- 
 c.   Price(s) and               Price(s)   Volume(s) 
       volume(s)                  17.5p      10,285 (Partnership Shares) 
                                            ---------------------------- 
                                  Nil        10,285 (Matching Shares) 
                                            ---------------------------- 
     ------------------------  --------------------------------------------------- 
 d.   Aggregated information    Not applicable - single transaction 
       - Aggregated 
       Volume 
       - Price 
     ------------------------  --------------------------------------------------- 
 e.   Date of the transaction   18 August 2021 
     ------------------------  --------------------------------------------------- 
 f.   Place of the              London Stock Exchange 
       transaction 
     ------------------------  --------------------------------------------------- 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
---  ----------------------------------------------------------------------------- 
 a.   Name                      Clive Lovett 
                               --------------------------------------------------- 
 2    Reason for notification 
                               --------------------------------------------------- 
 a.   Position/Status           Group Finance Director 
     ------------------------  --------------------------------------------------- 
 b.   Initial notification/     Initial Notification 
       Amendment 
     ------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a.   Name                      Kinovo Plc 
     ------------------------ 
 b.   LEI                       213800JDWVCVYWS87928 
     ------------------------  --------------------------------------------------- 
 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            Ordinary Shares of 10 pence each 
       the financial 
       instrument, type 
       of instrument             GB00BV9GHQ09 
 
       Identification 
       Code 
     ------------------------  --------------------------------------------------- 
 b.   Nature of the             Purchase and allocation of Partnership and 
       transaction               Matching Shares (no consideration), respectively, 
                                 under the SIP. 
     ------------------------  --------------------------------------------------- 
 c.   Price(s) and               Price(s)   Volume(s) 
       volume(s)                  17.5p      10,285 (Partnership Shares) 
                                            ---------------------------- 
                                  Nil        10,285 (Matching Shares) 
                                            ---------------------------- 
     ------------------------  --------------------------------------------------- 
 d.   Aggregated information    Not applicable - single transaction 
       - Aggregated 
       Volume 
       - Price 
     ------------------------  --------------------------------------------------- 
 e.   Date of the transaction   18 August 2021 
     ------------------------  --------------------------------------------------- 
 f.   Place of the              London Stock Exchange 
       transaction 
     ------------------------  --------------------------------------------------- 
 
 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
---  ----------------------------------------------------------------------------- 
 a.   Name                      Lee Venables 
                               --------------------------------------------------- 
 2    Reason for notification 
                               --------------------------------------------------- 
 a.   Position/Status           COO 
     ------------------------  --------------------------------------------------- 
 b.   Initial notification/     Initial Notification 
       Amendment 
     ------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a.   Name                      Kinovo Plc 
     ------------------------ 
 b.   LEI                       213800JDWVCVYWS87928 
     ------------------------  --------------------------------------------------- 
 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            Ordinary Shares of 10 pence each 
       the financial 
       instrument, type 
       of instrument             GB00BV9GHQ09 
 
       Identification 
       Code 
     ------------------------  --------------------------------------------------- 
 b.   Nature of the             Purchase and allocation of Partnership and 
       transaction               Matching Shares (no consideration), respectively, 
                                 under the SIP. 
     ------------------------  --------------------------------------------------- 
 c.   Price(s) and               Price(s)   Volume(s) 
       volume(s)                  17.5p      10,285 (Partnership Shares) 
                                            ---------------------------- 
                                  Nil        10,285 (Matching Shares) 
                                            ---------------------------- 
     ------------------------  --------------------------------------------------- 
 d.   Aggregated information    Not applicable - single transaction 
       - Aggregated 
       Volume 
       - Price 
     ------------------------  --------------------------------------------------- 
 e.   Date of the transaction   18 August 2021 
     ------------------------  --------------------------------------------------- 
 f.   Place of the              London Stock Exchange 
       transaction 
     ------------------------  --------------------------------------------------- 
 
 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
---  ----------------------------------------------------------------------------- 
 a.   Name                      John Lord 
                               --------------------------------------------------- 
 2    Reason for notification 
                               --------------------------------------------------- 
 a.   Position/Status           Director - Subsidiary 
     ------------------------  --------------------------------------------------- 
 b.   Initial notification/     Initial Notification 
       Amendment 
     ------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a.   Name                      Kinovo Plc 
     ------------------------ 
 b.   LEI                       213800JDWVCVYWS87928 
     ------------------------  --------------------------------------------------- 
 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            Ordinary Shares of 10 pence each 
       the financial 
       instrument, type 
       of instrument             GB00BV9GHQ09 
 
       Identification 
       Code 
     ------------------------  --------------------------------------------------- 
 b.   Nature of the             Purchase and allocation of Partnership and 
       transaction               Matching Shares (no consideration), respectively, 
                                 under the SIP. 
     ------------------------  --------------------------------------------------- 
 c.   Price(s) and               Price(s)   Volume(s) 
       volume(s)                  17.5p      10,285 (Partnership Shares) 
                                            ---------------------------- 
                                  Nil        10,285 (Matching Shares) 
                                            ---------------------------- 
     ------------------------  --------------------------------------------------- 
 d.   Aggregated information    Not applicable - single transaction 
       - Aggregated 
       Volume 
       - Price 
     ------------------------  --------------------------------------------------- 
 e.   Date of the transaction   18 August 2021 
     ------------------------  --------------------------------------------------- 
 f.   Place of the              London Stock Exchange 
       transaction 
     ------------------------  --------------------------------------------------- 
 
 
 Notification of a Transaction pursuant to Article 19(1) of Regulation 
  (EU) No. 596/2014 
 1    Details of the person discharging managerial responsibilities/person 
       closely associated 
---  ----------------------------------------------------------------------------- 
 a.   Name                      Dennis Pickett 
                               --------------------------------------------------- 
 2    Reason for notification 
                               --------------------------------------------------- 
 a.   Position/Status           Director - Subsidiary 
     ------------------------  --------------------------------------------------- 
 b.   Initial notification/     Initial Notification 
       Amendment 
     ------------------------  --------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a.   Name                      Kinovo Plc 
     ------------------------ 
 b.   LEI                       213800JDWVCVYWS87928 
     ------------------------  --------------------------------------------------- 
 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            Ordinary Shares of 10 pence each 
       the financial 
       instrument, type 
       of instrument             GB00BV9GHQ09 
 
       Identification 
       Code 
     ------------------------  --------------------------------------------------- 
 b.   Nature of the             Purchase and allocation of Partnership and 
       transaction               Matching Shares (no consideration), respectively, 
                                 under the SIP. 
     ------------------------  --------------------------------------------------- 
 c.   Price(s) and               Price(s)   Volume(s) 
       volume(s)                  17.5p      10,285 (Partnership Shares) 
                                            ---------------------------- 
                                  Nil        10,285 (Matching Shares) 
                                            ---------------------------- 
     ------------------------  --------------------------------------------------- 
 d.   Aggregated information    Not applicable - single transaction 
       - Aggregated 
       Volume 
       - Price 
     ------------------------  --------------------------------------------------- 
 e.   Date of the transaction   18 August 2021 
     ------------------------  --------------------------------------------------- 
 f.   Place of the              London Stock Exchange 
       transaction 
     ------------------------  --------------------------------------------------- 
 

- ends -

Enquiries

 
 Kinovo plc 
 Sangita Shah, Chair                             +44 (0)20 7796 4133 
  David Bullen, Chief Executive Officer           (via Hudson Sandler) 
 
 Canaccord Genuity Limited (Nominated Adviser 
  and Sole Broker)                               +44 (0)20 7523 8000 
 Corporate Broking: 
  Bobbie Hilliam 
  Andrew Potts 
  Georgina McCooke 
 
  Sales: 
  Jonathan Barr                                    +44 (0)20 7796 4133 
 
 Hudson Sandler (Financial PR)                   +44 (0)20 7796 4133 
 Bertie Berger 
  Dan de Belder 
 

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END

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August 19, 2021 07:50 ET (11:50 GMT)

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