T42 IOT TRACKING SOLUTIONS PLC — Director's Dealing 2019

Jun 20, 2019

National Storage Mechanism | Additional information

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RNS Number : 9259C

Starcom PLC

20 June 2019

20 June 2019

Starcom plc

("Starcom" or the "Company")

Director dealing

Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, has been notified by Michael Rosenberg, Chairman, that he has today transferred 500,000 ordinary shares in the Company ("Ordinary Shares") that were registered in the name of Eastkings Ltd, a company to which Mr Rosenberg is the sole beneficial owner, into his personal pension fund. The shares were sold by Eastkings Ltd at a price of 1.632p per Ordinary Share and repurchased by the pension fund at a price of 1.638p per Ordinary Share. 

As a result of this transfer, Mr Rosenberg's beneficial interest in the Company's share capital remains unchanged at 3,059,616 Ordinary Shares, representing approximately 0.89 per cent. of the voting rights of the Company.

The FCA notification, made in accordance with the requirements of the EU Market Abuse Regulation, is appended below.

Enquiries:    

Starcom Plc
Michael Rosenberg, Chairman	07785 727 595
Avi Hartmann, CEO	+972 5447 5663
Allenby Capital Limited (Nominated Adviser and Broker)	020 3328 5656
James Reeve / Jeremy Porter / Asha Chotai
Peterhouse Capital Limited (Joint Broker)	020 7469 0930
Lucy Williams / Charles Goodfellow / Eran Zucker
Leander PR (Financial PR)	07795 168 157
Christian Taylor-Wilkinson

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

Michael Rosenberg

2

Reason for the notification

a)

Position/status

Chairman

b)

Initial notification /Amendment

Initial notification

3

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

a)

Name

Starcom plc

b)

LEI

213800XVU7WF3QMF4826

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

Identification code

Ordinary shares of no par value

Identification code (ISIN) for Starcom plc ordinary shares: JE00B8WSDY21

b)

Nature of the transaction

Sale and repurchase of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
1.632p	Sale of 500,000 shares by Eastkings Ltd
1.638p	Repurchase of 500,000 shares by personal pension fund

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

20 June 2019

f)

Place of the transaction

London Stock Exchange (XLON)

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