Bigblu Broadband PLC Director/PDMR Shareholding (3311Z)
August 31 2018 - 2:00AM
UK Regulatory
TIDMBBB
RNS Number : 3311Z
Bigblu Broadband PLC
31 August 2018
Bigblu Broadband plc
("BBB" or the "Company" or the "Group")
Director Dealings
Bigblu Broadband plc (AIM: BBB.L), a leading provider of
alternative fast broadband services, was notified yesterday that on
30 August 2018, Michael Tobin OBE, Non-Executive Chairman of the
Company, purchased 8,770 Ordinary Shares in the Company ("Ordinary
Shares") at a price of 113.9p a share.
Following this transaction, Michael Tobin's total interest in
the Company has increased by 8,770 Ordinary Shares, to 137,088
shares representing 0.24% of the Company's issued share
capital.
The notification, below, made in accordance with the
requirements of the EU Market Abuse Regulation, provides further
detail:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael Tobin OBE
------------------------------------- ----------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status Non-Executive Chairman of BigBlu
Broadband
------------------------------------- ----------------------------------------
b) Initial notification Initial Notification
/Amendment
------------------------------------- ----------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------
a) Name BigBlu Broadband
------------------------------------- ----------------------------------------
b) LEI 2138008P6X5EX455KU41
------------------------------------- ----------------------------------------
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
financial instrument,
type of instrument
Identification code GB00BD5JMP10
b) Nature of the transaction Share purchase
------------------------------------- ----------------------------------------
c) Price(s) and volume(s)
-------------------- ---------------
Price(s) Volume(s)
-------------------- ---------------
113.9p
per share 8,770
--------------------------------------------------------------- ---------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 30 August 2018
------------------------------------- ----------------------------------------
f) Place of the transaction London Stock Exchange, AIM Market
(XLON)
------------------------------------- ----------------------------------------
Contacts:
Bigblu Broadband Plc www.bbb-plc.com
Andrew Walwyn, Chief Executive Via Walbrook PR
Officer
Numis Securities (Nomad and Tel: +44 (0)20 7260 1000
broker)
Oliver Hardy (Corporate Advisory)
James Black / Jonathan Abbott
(Corporate Broking)
Walbrook PR (PR advisers) Tel: +44 (0)20 7933 8780
Paul Cornelius / Nick Rome or bigblubroadband@walbrookpr.com
About BBB
BigBlu Broadband plc (AIM: BBB), formerly Satellite Solutions
Worldwide Group PLC (AIM: SAT), is a leading provider of
alternative broadband solutions throughout Europe and Australia.
BBB delivers a portfolio of super-fast satellite and wireless
broadband products for consumers and businesses unserved or
underserved by fibre.
The Company has a significant target market with 27m customers
in Europe with speeds of under 4 Mbs, and a further 1m in Australia
who have been identified as only suitable for either satellite or
fixed wireless broadband. Acquisitive and organic growth have
enabled BBB to grow rapidly since inception in 2008 during which
time the Company has completed 20 acquisitions across nine
different countries. It is well positioned to continue growing as
it targets customers that are trapped in the 'digital divide' with
limited or no fibre broadband options.
BBB's range of solutions includes satellite, next generation
fixed wireless and 4G/5G delivering between 30 Mbps and 150 Mbps
for consumers, and up to 1 Gbps for businesses. It provides
customers ongoing services including hardware support, pre and
post-sale support, installation, billing and portal support whilst
offering various tariffs depending on end user requirements.
Importantly, as core technologies evolve, and cheaper capacity
is made available, BBB will continue to offer ever increasing
speeds and higher data throughputs to satisfy market demands
including 'video-on-demand'. BBB's alternative broadband offerings
present a customer experience that is similar to that offered by
wired broadband and the connection can be shared in the normal way
with PCs, tablets and smart-phones via a normal wired or wireless
router. High levels of recurring revenue, increasing economies of
scale and Government support for the alternative broadband market
in many countries provides a solid foundation for the Company as it
targets further organic growth to 150,000 customers by 2020 as
demand for alternative super-fast broadband services increases
around the world.
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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