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Regulatory Story
Company CIP Merchant Capital Ltd
TIDM CIP
Headline Directors' Dealing
Released 09:50 21-Oct-2019
Number 5373Q09

RNS Number : 5373Q
CIP Merchant Capital Ltd
21 October 2019
 

21 October 2019

CIP Merchant Capital Limited

("CIP Merchant Capital" or the "Company")

 

Directors' Dealing

CIP Merchant Capital (AIM: CIP), a closed-ended investment company, announces that it has been informed that Goldfinch SA acquired ordinary shares of 1p each in the capital of the Company ("Ordinary Shares") on 18 October 2019 as shown in the table below. Goldfinch SA is wholly owned in equal proportion by Carlo Sgarbi and Marco Fumagalli, both of whom are directors of the Company.

Directors

Number of Ordinary Shares Acquired

Price per Ordinary Share Acquired (£)

Resultant Holding of Ordinary Shares

% of Issued Share Capital

 

Goldfinch SA

(wholly owned in equal proportion by Carlo Sgarbi and Marco Fumagalli)

 

300,000

0.56

4,261,527

7.75%

 

 

For further information, please contact:

 

Merchant Capital Manager Limited (Investment Manager)

Marco Fumagalli

Carlo Sgarbi

 

+41 91 225 25 60

Strand Hanson Limited (Financial & Nominated Adviser and Broker)

Richard Tulloch

James Bellman

+44 20 7409 3494

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

 

PDMR Notification Forms

The notifications below are made in accordance with the requirements of MAR.

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Carlo Sgarbi and Marco Fumagalli

2.

Reason for the Notification

a)

Position/status

Non-Executive Director

b)

Initial notification/amendment

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

CIP Merchant Capital Limited

b)

LEI

213800HBX752BGRVV870

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 Financial instrument, type of instrument

Ordinary shares of 1 penny each

Identification code

GG00BF8NW879

b)

Nature of the Transaction

Purchase of ordinary shares - market transaction

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.56

300,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

18 October 2019

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.


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