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Press Release |
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23 April 2021 |
System1 Group PLC (AIM: SYS1)
("System1", or "the Company", or "the Group")
Exercise of Options, Directors Dealings and Total Voting Rights
The Company announces that John Kearon, Chief Executive Officer of the Company, has exercised 116,568 options over ordinary shares of 1 pence each ("Ordinary Shares") and has sold 116,568 Ordinary Shares, in part to fund the relevant tax, at a price of 240 pence per Ordinary Share.
A total of 116,568 Ordinary Shares which were previously held in treasury have been utilised to satisfy the exercise of the share options.
Following the exercise of options and sale of 116,568 Ordinary Shares, Mr. Kearon holds 2,918,235 Ordinary Shares, representing 22.74 per cent. of the issued share capital of the Company (following issue of the 116,568 new Ordinary Shares).
Following the above, the Company now holds 393,853 Ordinary Shares as treasury shares and its total number of Ordinary Shares with voting rights is now 12,832,920, which may be used by shareholders 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, System1 Group PLC under the FCA's Disclosure Guidance and Transparency Rules.
The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
The Company can be found at www.system1group.com.
For further information, please contact:
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System1 Group PLC |
Tel: +44 (0)20 7043 1000 |
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John Kearon, Chief Executive Officer |
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Chris Willford, Chief Financial Officer |
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Canaccord Genuity Limited |
Tel: +44 (0)20 7523 8000 |
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Simon Bridges / Andrew Potts |
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Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014
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1. |
Details of the Person discharging managerial responsibilities ("PDMR") / person closely associated with them ("PCA") |
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a) |
Name |
John Kearon |
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2. |
Reason for the notification |
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a) |
Position / status |
Chief Executive Officer |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
System1 Group PLC |
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b) |
Legal Entity Identifier |
213800TDLR42C3Q9ZB74 |
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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 |
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a) |
Description of the financial instrument |
Ordinary Shares GB00B1GVQH21 |
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b) |
Nature of the transaction |
(a) Exercise of options (b) Sale of ordinary shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Aggregated price - Aggregated total |
116,568 Ordinary Shares exercised at a price of 0 pence per Ordinary Share 116,568 Ordinary Shares sold at a price of 240 pence per Ordinary Share |
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e) |
Date of the transaction |
22 April 2021 |
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f) |
Place of the transaction |
London Stock Exchange |
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