TIDMKLBT
RNS Number : 2863L
Kalibrate Technologies plc
17 July 2017
17 July 2017
Kalibrate Technologies plc
("Kalibrate" or the "Group")
Exercise of Options and Total Voting Rights
Kalibrate Technologies plc (AIM: KLBT), the provider of strategy
and technology services to the global fuel and convenience retail
industry, announces that in connection with its recommended cash
offer for the Company (the "Offer") by Canterbury Acquisition
Limited ("Hanover Bidco") that certain of the options issued
pursuant to the Kalibrate share schemes (the "Share Schemes") have
now become exercisable.
Accordingly, Robert Stein, Chief Executive Officer of the
Company and certain other employees have exercised options over
3,274,569 ordinary shares of 0.2 pence each ("Ordinary Shares")
(the "Option Shares").
Exercise of Options by a PDMR
PDMR Position No. of Ordinary Exercise
Shares Received Price
as a result
of Exercise
-------------- ----------------- ----------------- ---------
Chief Executive
Robert Stein Officer 1,509,044 32.9p
-------------- ----------------- ----------------- ---------
800,000 79.0p
-------------------------------- ----------------- ---------
PDMR Dealings
The Company also announces that following the exercise of the
above-mentioned options, it has received notification from the
PDMRs set out in the table below that they today disposed of the
following number of Ordinary Shares at a price per Ordinary Share
of 85.5p to Hanover Bidco.
PDMR Position No. of Ordinary Sale Price
Shares Disposed
-------------- ----------------- ----------------- -----------
Chief Executive
Robert Stein Officer 2,309,044 85.5p
-------------- ----------------- ----------------- -----------
Application has been made for the Option Shares, which rank pari
passu in all respects with the Company's existing Ordinary Shares,
to be admitted to trading on AIM which is expected to occur on or
around 21 July 2017.
The Company confirms that following the exercise of options, as
outlined, all of these new Ordinary Shares were, immediately upon
issue, transferred to the option holders. These individuals
immediately then accepted the Offer in respect of the new Ordinary
Shares.
One option holder has agreed to cancel his options in
consideration for a cash payment equal to the option gain.
Following issue of the new Ordinary Shares, the Company's total
issued share capital will consist of 37,156,043 Ordinary Shares
with one voting right per share. The Company does not hold any
Ordinary Shares in Treasury. Therefore, following the issue of the
new Ordinary Shares, the total number of voting rights in the
Company is 37,156,043 This figure 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, the Company under the FCA's Disclosure Guidance
and Transparency Rules.
The notifications below, made in accordance with the
requirements of the EU Market Abuse Regulation, provide further
detail.
For further information please contact:
Kalibrate Technologies plc via FTI Consulting,
LLP
Robert B Stein, Jr. Chief Executive
Officer
Gregg R Budoi, Chief Financial
Officer
N+1 Singer Advisory LLP +44 (0) 20 7496 3000
Shaun Dobson/ Alex Price / James
Hopton
FTI Consulting, LLP +44 (0) 20 3727 1000
Matt Dixon / Chris Lane / Emma
Appleton/ Elena Kalinskaya
About Kalibrate
For over 20 years, Kalibrate (LSE: KLBT) has advised fuel and
convenience retailers throughout the world on how to be
best-in-class operators in the fast changing marketplace.
Kalibrate's global footprint and local presence are the result of a
merger between two market leaders: KSS Fuels, the forerunner in
fuel pricing automation, and MPSI, recognized leaders of retail
location intelligence. Clients gain fuller visibility, truer
insight and more effective control over what matters most-what
Kalibrate calls Your Adaptive Edge(TM).
Headquartered in Manchester, United Kingdom and Florham Park,
New Jersey, Kalibrate has centers of excellence in Mumbai, India;
Tulsa, Oklahoma; and Melbourne, Australia as well as offices in 10
other countries. For more information, visit kalibrate.com.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ---------------------------------------------------------------------------------------------------
a) Name Robert Stein
--- ------------------------ -------------------------------------------------------------------------
2 Reason for the notification
--- ---------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------ -------------------------------------------------------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------ -------------------------------------------------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------------------------------------------------
a) Name Kalibrate Technologies plc
--- ------------------------ -------------------------------------------------------------------------
b) LEI N/A
--- ------------------------ -------------------------------------------------------------------------
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 0.2 pence
the financial each
instrument, type
of instrument
GB00BFZCRC66
Identification
code
--- ------------------------ -------------------------------------------------------------------------
b) Nature of the (i) Option Exercise
transaction (ii) Option Exercise
(iii) Disposal of Ordinary
Shares
--- ------------------------ -------------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------- ----------------------------------
(i) 32.9 pence (i) 1,509,044
(ii) 79.0 pence (ii) 800,000
(iii) 85.5 (iii) 2,309,044
pence
---------------------------------- ----------------------------------
--- ------------------------ -------------------------------------------------------------------------
d) Aggregated information
- Aggregated volume n/a
- Price
--- ------------------------ -------------------------------------------------------------------------
e) Date of the transaction (i) 17 July 2017
(ii) 17 July 2017
(iii) 17 July 2017
--- ------------------------ -------------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
July 17, 2017 10:31 ET (14:31 GMT)
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