FEEDBACK PLC — Regulatory Filings 2016

Nov 23, 2016

National Storage Mechanism | Additional information

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RNS Number : 9662P

Feedback PLC

23 November 2016

23 November 2016

Feedback plc

("Feedback" or the "Company")

Issue of Equity

Director / PDMR Shareholding

Feedback plc (AIM: FDBK), the medical imaging software company, is pleased to announce that it has exercised its discretionary right to issue 15,120,000 new ordinary shares of 0.25 pence each ("New Ordinary Shares") at a deemed issue price of 1.25p to Tom Charlton, non-executive deputy chairman of the Company, in full satisfaction of his outstanding loan to the Company.

The loan of £189,000 was made on 20 May 2014 and was repayable on 1 December 2016 if not repaid earlier. Under the terms of the loan agreement the Company had the right, after 1 June 2016, at its sole discretion, to issue up to 15.12 million New Ordinary Shares at a deemed issue price of £0.0125 per Ordinary Share in satisfaction of the loan.  No interest was payable on the loan.

Following the issue of the New Ordinary Shares, Tom Charlton will hold 64,637,408 ordinary shares representing 29.54% of the issued share capital of the Company.

The New Ordinary Shares will rank pari passu with the existing ordinary shares and application will be made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence by 8.00 a.m. on 29 November 2016.

Following Admission of the New Ordinary Shares, the Company's enlarged issued share capital will consist of 218,793,857 ordinary shares with voting rights. This number may be used by shareholders, following the issue of equity, 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 Financial Conduct Authority's Disclosure and Transparency Rules.

For further information contact:

Feedback plc Alastair Riddell	Tel: 01954 718072
Allenby Capital Limited (Nominated Adviser and Joint Broker) David Worlidge / James Thomas	Tel: 020 3328 5656
Peterhouse Corporate Finance Ltd (Joint Broker) Lucy Williams / Duncan Vasey	Tel: 020 7469 0936

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014. The information set out below is provided in accordance with the requirements of Article 19(3) of that Regulation.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Thomas ("Tom") William George Charlton
2	Reason for the notification
a)	Position/status	Director of the Company
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Feedback 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 the financial instrument, type of instrument	Ordinary Shares of 0.25 pence each ("Ordinary Shares")
Identification code	ISIN for Feedback plc Ordinary Shares: GB0003340550
b)	Nature of the transaction	The issue of Ordinary Shares upon conversion of an outstanding loan of £189,000.
c)	Price(s) and volume(s)	Price - conversion price of 1.25 pence per share Volume - 15,120,000 Ordinary Shares
d)	Aggregated information - Aggregated volume  - Price	N/A
e)	Date of the transaction	23 November 2016
f)	Place of the transaction	Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

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