TIDMIQG

RNS Number : 3430J

IQGeo Group PLC

21 December 2020

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS OF THE ACQUISITION AND FUNDRAISING ARE SET OUT BELOW.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW ORDINARY SHARES OF IQGEO GROUP PLC.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

IQGEO GROUP PLC

("IQGeo", the "Company" or the "Group")

Completion of Fundraising and Acquisition

Total Voting Rights

IQGeo Group plc (AIM: IQG), a provider of geospatial collaboration and productivity software to the telecommunications and utilities industries, confirms that following Admission becoming effective at 8.00 a.m. this morning, the Fundraising and Acquisition are now complete.

Total Voting Rights

Following Admission of the New Ordinary Shares and Initial Consideration Shares, the issued share capital of the Company consists of 57,312,252 Ordinary Shares. The Company does not hold any Ordinary Shares in treasury.

The above figures may be used by shareholders in the Company, following completion of the Fundraising and Acquisition, 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.

Director participation

The following Directors subscribed for Ordinary Shares pursuant to the Subscription, as outlined below:

 
 Director                 Existing   Number of Subscription   Resultant holding      Percentage 
                      shareholding                   Shares         of Ordinary     of enlarged 
                                                                         Shares    issued share 
                                                                                        capital 
 Haywood Chapman*                -                  102,564             102,564           0.18% 
                    --------------  -----------------------  ------------------  -------------- 
 Ian Kershaw                19,000                   19,231              38,231           0.07% 
                    --------------  -----------------------  ------------------  -------------- 
 Andrew MacLeod                  -                   64,103              64,103           0.11% 
                    --------------  -----------------------  ------------------  -------------- 
 Richard Petti             133,661                   64,103             197,764           0.35% 
                    --------------  -----------------------  ------------------ 
 Robert Sansom           3,831,714                  384,615           4,216,329           7.36% 
                    --------------  -----------------------  ------------------ 
 Paul Taylor               191,459                   64,103             255,562           0.45% 
                    --------------  -----------------------  ------------------  -------------- 
 Total                   4,175,834                  698,719           4,874,553           8.51% 
                    --------------  -----------------------  ------------------  -------------- 
 *To be registered in the name of Deborah Anne Chapman, Haywood 
  Chapman's wife. 
 

In addition, Kestrel Partners LLP ("Kestrel Partners"), a substantial shareholder in the Company (as defined under the AIM Rules) subscribed for a total of 1,666,667 New Ordinary Shares in the Placing. Max Royde, Non-Executive Director of the Company, is a partner of, and holds a beneficial interest in, Kestrel Partners. Following Admission, Kestrel Partners will hold (and consequently Mr Royde is deemed to have a beneficial interest in) 14,347,020 Ordinary Shares in the Company, which represents 25.03 per cent. of the Company's issued share capital.

The definitions referenced in this announcement remain in line with those from the Company's announcements of 1 December 2020 unless otherwise stated.

Enquiries:

 
 IQGeo Group plc                               +44(0) 1223 606655 
 Richard Petti, CEO                            www.iqgeo.com 
 Haywood Chapman, CFO 
 
 finnCap Ltd - NOMAD and Broker                +44(0)20 7220 0500 
 Henrik Persson, Matthew Radley - Corporate 
  Finance 
  Tim Redfern, Richard Chambers - ECM 
 
 
 

Notes to editors

IQGeo's end-to-end geospatial software improves productivity and collaboration across enterprise planning, design, construction, maintenance and sales processes for telecoms and utility network operators. Our mobile-first enterprise solutions create and maintain, an accurate view of complex network assets that is easily accessible by anyone, wherever and whenever needed.

Specialized applications combined with our open IQGeo Platform help network operators create a single source of network truth to meet their digital transformation ambitions and operational KPIs. Our award-winning, cloud-enabled solutions save time and money, and improve safety and productivity, while enhancing customer satisfaction.

With over 50,000 active software users, IQGeo has an established and rapidly growing customer base with telecoms and utility companies worldwide.

IQGeo trades on AIM with the ticker IQG.

For additional information please visit www.iqgeo.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     Kestrel Partners LLP 
     -----------------------  ---------------------------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status          PCA - Max Royde (non-executive director IQGeo 
                                Group plc) 
     -----------------------  ---------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ---------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------- 
 a)   Name                     IQGEO Group plc 
     -----------------------  ---------------------------------------------- 
 b)   LEI                      213800P2PCLCEFANB194 
     -----------------------  ---------------------------------------------- 
 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              2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument       ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     -----------------------  ---------------------------------------------- 
 b)   Nature of the             Purchase of new Ordinary Shares 
       transaction 
     -----------------------  ---------------------------------------------- 
 c)   Price(s) and              Price(s)   Volume(s) 
       volume(s)                 78p        1,666,667 
                                           ---------- 
     -----------------------  ---------------------------------------------- 
 d)   Aggregated information   Total 1,666,667 shares @ 78 pence 
       - Aggregated 
       volume 
       - Price 
     -----------------------  ---------------------------------------------- 
 e)   Date of the              2020-12-21 
       transaction 
     -----------------------  ---------------------------------------------- 
 f)   Place of the             London Stock Exchange 
       transaction 
     -----------------------  ---------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Haywood Chapman 
     --------------------------  ------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
     --------------------------  ------------------------------------ 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                        IQGEO Group plc 
     --------------------------  ------------------------------------ 
 b)   LEI                         213800P2PCLCEFANB194 
     --------------------------  ------------------------------------ 
 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                 2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument          ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     --------------------------  ------------------------------------ 
 b)   Nature of the                Purchase of new Ordinary Shares 
       transaction 
     --------------------------  ------------------------------------ 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    78p        102,564 
                                              ---------- 
     --------------------------  ------------------------------------ 
 d)   Aggregated information      Total 102,564 shares @ 78 pence 
       - Aggregated 
       volume 
       - Price 
     --------------------------  ------------------------------------ 
 e)   Date of the                 2020-12-21 
       transaction 
     --------------------------  ------------------------------------ 
 f)   Place of the                London Stock Exchange 
       transaction 
     --------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Ian Kershaw 
     --------------------------  ------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status             Non-Executive Director 
     --------------------------  ------------------------------------ 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                        IQGEO Group plc 
     --------------------------  ------------------------------------ 
 b)   LEI                         213800P2PCLCEFANB194 
     --------------------------  ------------------------------------ 
 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                 2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument          ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     --------------------------  ------------------------------------ 
 b)   Nature of the                Purchase of new Ordinary Shares 
       transaction 
     --------------------------  ------------------------------------ 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    78p        19,231 
                                              ---------- 
     --------------------------  ------------------------------------ 
 d)   Aggregated information      Total 19,231 shares @ 78 pence 
       - Aggregated 
       volume 
       - Price 
     --------------------------  ------------------------------------ 
 e)   Date of the                 2020-12-21 
       transaction 
     --------------------------  ------------------------------------ 
 f)   Place of the                London Stock Exchange 
       transaction 
     --------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Andrew MacLeod 
     --------------------------  ------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status             Non-Executive Director 
     --------------------------  ------------------------------------ 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                        IQGEO Group plc 
     --------------------------  ------------------------------------ 
 b)   LEI                         213800P2PCLCEFANB194 
     --------------------------  ------------------------------------ 
 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                 2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument          ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     --------------------------  ------------------------------------ 
 b)   Nature of the                Purchase of new Ordinary Shares 
       transaction 
     --------------------------  ------------------------------------ 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    78p        64,103 
                                              ---------- 
     --------------------------  ------------------------------------ 
 d)   Aggregated information      Total 64,103 shares @ 78 pence 
       - Aggregated 
       volume 
       - Price 
     --------------------------  ------------------------------------ 
 e)   Date of the                 2020-12-21 
       transaction 
     --------------------------  ------------------------------------ 
 f)   Place of the                London Stock Exchange 
       transaction 
     --------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Richard Petti 
     --------------------------  ------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status             Chief Executive Officer 
     --------------------------  ------------------------------------ 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                        IQGEO Group plc 
     --------------------------  ------------------------------------ 
 b)   LEI                         213800P2PCLCEFANB194 
     --------------------------  ------------------------------------ 
 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                 2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument          ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     --------------------------  ------------------------------------ 
 b)   Nature of the                Purchase of new Ordinary Shares 
       transaction 
     --------------------------  ------------------------------------ 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    78p        64,103 
                                              ---------- 
     --------------------------  ------------------------------------ 
 d)   Aggregated information      Total 64,103 shares @ 78 pence 
       - Aggregated 
       volume 
       - Price 
     --------------------------  ------------------------------------ 
 e)   Date of the                 2020-12-21 
       transaction 
     --------------------------  ------------------------------------ 
 f)   Place of the                London Stock Exchange 
       transaction 
     --------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Robert Sansom 
     --------------------------  ------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status             Non-Executive Director 
     --------------------------  ------------------------------------ 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                        IQGEO Group plc 
     --------------------------  ------------------------------------ 
 b)   LEI                         213800P2PCLCEFANB194 
     --------------------------  ------------------------------------ 
 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                 2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument          ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     --------------------------  ------------------------------------ 
 b)   Nature of the                Purchase of new Ordinary Shares 
       transaction 
     --------------------------  ------------------------------------ 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    78p        384,615 
                                              ---------- 
     --------------------------  ------------------------------------ 
 d)   Aggregated information      Total 384,615 shares @ 78 pence 
       - Aggregated 
       volume 
       - Price 
     --------------------------  ------------------------------------ 
 e)   Date of the                 2020-12-21 
       transaction 
     --------------------------  ------------------------------------ 
 f)   Place of the                London Stock Exchange 
       transaction 
     --------------------------  ------------------------------------ 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Paul Taylor 
     --------------------------  ------------------------------------ 
 2    Reason for the notification 
     ---------------------------------------------------------------- 
 a)   Position/status             Non-Executive Chairman 
     --------------------------  ------------------------------------ 
 b)   Initial notification        Initial 
       /Amendment 
     --------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------- 
 a)   Name                        IQGEO Group plc 
     --------------------------  ------------------------------------ 
 b)   LEI                         213800P2PCLCEFANB194 
     --------------------------  ------------------------------------ 
 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                 2p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument          ISIN: GB00B3NCXX73 
 
       Identification 
       code 
     --------------------------  ------------------------------------ 
 b)   Nature of the                Purchase of new Ordinary Shares 
       transaction 
     --------------------------  ------------------------------------ 
 c)   Price(s) and                 Price(s)   Volume(s) 
       volume(s)                    78p        64,103 
                                              ---------- 
     --------------------------  ------------------------------------ 
 d)   Aggregated information      Total 64,103 shares @ 78 pence 
       - Aggregated 
       volume 
       - Price 
     --------------------------  ------------------------------------ 
 e)   Date of the                 2020-12-21 
       transaction 
     --------------------------  ------------------------------------ 
 f)   Place of the                London Stock Exchange 
       transaction 
     --------------------------  ------------------------------------ 
 

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END

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(END) Dow Jones Newswires

December 21, 2020 03:30 ET (08:30 GMT)

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