BigDish Plc (LON: DISH), a food technology company that operates a yield management platform for restaurants, announces that it was informed on 18 February 2020 that the following purchases were made on 17 and 18 February 2020:
|Director||Number of ordinary shares purchased||% of ordinary shares purchased||Average price per share (pence)|
|Monza Capital Ventures Limited (an entity connected to Aidan Bishop (Executive Director of the Company))||2,000,000||0.57||3.6|
|Simon Perrée (Non-Executive Director of the Company)||270,000||0.08||3.4|
Following the above purchases, Aidan Bishop and Simon Perrée are interested in 51,298,506 ordinary shares and 853,905 ordinary shares in the Company, representing 14.70 and 0.25 per cent. of the Company’s issued share capital.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)
|Zak Mir, Digital Communications Officer, BigDish||+44 (0) 7867 527658|
|Jonathan Morley-Kirk, Non-Executive Chairman||+44 (0) 7797 859986|
Notes to Editors
BigDish Plc is a London Stock Exchange listed food technology company that operates a yield management platform for the restaurant industry.
Yield Management is a dynamic pricing strategy based on understanding and influencing human behaviour in order to maximise revenue from a fixed, time limited resource. Yield Management has been very effective for selling airline seats and hotel rooms. BigDish believes that Yield Management can benefit restaurants to optimize revenue by bringing diners to empty tables.
BigDish is a free consumer product. Consumers can book a table with a discount via the BigDish App or website. Restaurants pay BigDish a fixed fee per diner seated.
|Notification of a Transaction pursuant to Article 19(1) of Regulation (EU) No. 596/2014|
|1||Details of the person discharging managerial responsibilities/person closely associated|
|a.||Name||Aidan BishopSimon Perrée|
|2||Reason for notification|
|a.||Position/Status||Executive DirectorNon-Executive Director|
|b.||Initial notification/ Amendment||Initial notification|
|3||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|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|
Description of the financial instrument, type of instrument|
Ordinary shares ISIN: JE00BG12QT70
|b.||Nature of the transaction||Purchases of ordinary shares|
|c.||Price(s) and volume(s)|
|Price(s) per share||Volume(s)|
|3.6p average per share3.4p average price per share||2,000,000 270,000|
|d.||Aggregated information – Aggregated Volume – Price||n/a n/a|
|e.||Date of the transaction||17 February 2020 18 February 2020|
|f.||Place of the transaction||London Stock Exchange|