Further re Business Update

  • RNS

BigDish Plc

(BigDish” or the Company”)

Further re Business Update

BigDish Plc (LON: DISH),  announced on 17 July 2020 that “Application has been made for the Salary Sacrifice Shares and the Employee/Consultant Shares to be admitted to trading (“Admission”) alongside the Deferred Consideration Shares Balance, Pouncer Shares and Fee Shares that were previously announced on 29 June 2020.  Admission is expected to occur on or around 22 July 2020.”

Admission is now expected to occur on or around 24 July 2020.  The total number of shares being admitted are 24,670,468.  This remains unchanged from the previous RNS.  The breakdown of the shares and the dates announced is set out below.

  • 5,803,177 shares which represents the Salary Sacrifice Shares as announced on 17 July 2020;

  • 3,646,851 shares which represents the Employee/Consultant Shares as announced on 17 July 2020;

  • 3,421,488 shares which represents the Deferred Consideration Shares Balance that was announced on 29 June 2020;

  • 8,162,589 shares which represents the Pouncer Shares which was announced on 29 June 2020;

  • 3,636,363 shares which represents the Fee Shares which was announced on 29 June 2020.

Following Admission, the number of Ordinary Shares in issue will be 373,620,823.  Therefore the total number of voting rights in the Company is 373,620,823.  This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change of interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

The Company wishes to remind shareholders that it is a non-UK issuer for the purposes of the Disclosure Guidance and Transparency Rules.  As such, a person must notify the issuer of the percentage of its voting rights he holds as a shareholder if the percentage of voting rights reaches, exceeds, or falls below 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%.  The Company will make public the notification within three trading days following receipt.

Updated TR-1 Notification

The Company has received an updated TR-1 Notification from Monza Capital Ventures Ltd, a party associated with Aidan Bishop.  The previous TR-1 Notification stated incorrectly that there were 373,830,623 shares in issue as opposed to 373,620,823 as stated above.  Details of the updated TR-1 Notification is set out below.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (“MAR”)

Enquiries:

Zak Mir, Digital Communications Officer, BigDish +44 (0) 7867 527659
  zak@bigdish.com
   
Jonathan Morley-Kirk, Non-Executive Chairman jmk@bigdish.com
   

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
 
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: BIGDISH PLC
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an “X” if appropriate)
Non-UK issuer X
2. Reason for the notification (please mark the appropriate box or boxes with an “X”)
An acquisition or disposal of voting rights  
An acquisition or disposal of financial instruments  
An event changing the breakdown of voting rights  
Other (please specify)iii:     VOLUNTARY X
3. Details of person subject to the notification obligationiv
Name MONZA CAPITAL VENTURES LTD
City and country of registered office (if applicable) TORTOLA, BRITISH VIRGIN ISLANDS
4. Full name of shareholder(s) (if different from 3.)v
Name  
City and country of registered office (if applicable)  
5. Date on which the threshold was crossed or reachedvi: 23 JULY 2020
6. Date on which issuer notified (DD/MM/YYYY): 23 JULY 2020
7. Total positions of person(s) subject to the notification obligation
  % of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)
Total of both in % (8.A + 8.B) Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached 55,018,687   14.7% 373,620,823
Position of previous notification (if applicable)      
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
shares ISIN code (if possible)
Number of voting rightsix % of voting rights
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
JE00BG12QT70 55,018,687   14.7%  
         
         
SUBTOTAL 8. A 55,018,687 14.7%
 
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument Expiration
datex
Exercise/
Conversion Periodxi
Number of voting rights that may be acquired if the instrument is exercised/converted. % of voting rights
         
         
         
    SUBTOTAL 8. B 1    
 
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument Expiration
datex
Exercise/
Conversion Period xi
Physical or cash settlementxii Number of voting rights % of voting rights
           
           
           
      SUBTOTAL 8.B.2    
 
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii  
Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
X
Namexv % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
Monza Capital Ventures Ltd 14.7%   14.7%
Oyster Trust SARL      
Fiske Nominees Ltd      
       
       
 
10. In case of proxy voting, please identify:
Name of the proxy holder  
The number and % of voting rights held  
The date until which the voting rights will be held  
 
11. Additional informationxvi
Voluntary notification correcting the previous notification made on 17 July 2020.  The number of shares in issue was previously incorrectly stated.  There are no further amendments.
Place of completion Geneva, Switzerland
Date of completion 23 JULY 2020
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