INGENTA PLC — Director's Dealing 2016

Jul 29, 2016

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RNS Number : 6645F

Ingenta PLC

29 July 2016

Ingenta plc

(the "Company")

Directors Dealing

Further to the announcement of this morning regarding the Acquisition of 5 Fifteen Limited and the subscription to raise up to £780,000 (the "Subscription"), the Company advises that Martyn Rose and Neil Kirton, both directors of the Company, have now committed to subscribe for shares in the Subscription at a price of 130 pence per share. The expected holdings of these directors following admission of the new ordinary shares on 3 August 2016 is set out below.

Shareholding                                                  Shareholding

before admission                                            after admission 

M C Rose	4,453,112	27.3%	4,645,412	27.5%
N W Kirton	25,000	0.2%	44,250	0.3%

Related Party Transaction

The aggregate subscription for new ordinary shares by Martyn Rose and Neil Kirton is considered a related party transaction under the AIM Rules for Companies. David Montgomery, Alan Moug and Mark Rowse, directors of the Company, have not participated in the Subscription and are therefore deemed to be independent under the AIM Rules for the purposes of considering the related party transaction (the "Independent Directors"). The Independent Directors, having consulted with Cenkos Securities plc, the Company's nominated adviser, consider that the terms of the participation in the Subscription by the Martyn Rose and Neil Kirton is fair and reasonable insofar as the Company's shareholders are concerned.

The Company has applied for admission of 600,000 new ordinary shares of 10p each to be admitted to trading on AIM and admission is expected to occur at 8:00am on 3 August 2016.

Contacts

Publishing Technology plc                                  Tel: 01865 397 800

David Montgomery / Alan Moug

Cenkos Securities plc                                        Tel: 0207 397 8900

Nicholas Wells / Elizabeth Bowman

This information is provided by RNS

The company news service from the London Stock Exchange

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