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RNS Number : 5924A
Sumo Group PLC
22 January 2020
 

22 January 2020

 

Sumo Group plc

("Sumo Group" or the "Company")

 

Directors' Dealings

 

Sumo Group announces that Carl Cavers, Chief Executive Officer, and Paul Porter, Chief Operating Officer, have each sold 500,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") and that David Wilton, Chief Financial Officer has purchased 5,000 Ordinary Shares.

 

These sales and purchase took place on 22 January 2020. The sales took place at a price of 195 pence per Ordinary Share and the purchase took place at a price of 199.8731 pence per Ordinary Share.

 

Following these transactions, Carl Cavers' interest in Ordinary Shares is 4,650,116 representing 3.09 per cent. of the Company's issued Ordinary Share capital, Paul Porter's interest in Ordinary Shares is 4,503,724 representing 2.99 per cent. of the Company's issued Ordinary Share capital and David Wilton's interest in Ordinary Shares is 335,709 representing 0.22 per cent. of the Company's issued Ordinary Share capital.

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 

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

Carl Cavers

 

 

 

2

Reason for the notification

 

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

 

 

 

3

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

a)

Name

Sumo Group plc

b)

LEI

 213800LTZXJCG5QKIM14

 

 

 

 

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 £0.01

 

 

Identification code

SUMO

b)

Nature of transaction

Sale

c)

Price(s) and volume(s)

Price

Volume

 

 

195p

500,000

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

22 January 2020

f)

Place of the transaction

London Stock Exchange, AIM

 

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

Paul Porter

 

 

 

2

Reason for the notification

 

a)

Position/status

Chief Operating Officer

b)

Initial notification /Amendment

Initial notification

 

 

 

3

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

a)

Name

Sumo Group plc

b)

LEI

 213800LTZXJCG5QKIM14

 

 

 

 

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 £0.01

 

 

Identification code

SUMO

b)

Nature of transaction

Sale

c)

Price(s) and volume(s)

Price

Volume

 

 

195p

500,000

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

22 January 2020

f)

Place of the transaction

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Wilton

 

 

 

2

Reason for the notification

 

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

 

 

 

3

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

a)

Name

Sumo Group plc

b)

LEI

 213800LTZXJCG5QKIM14

 

 

 

 

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 £0.01

 

 

Identification code

SUMO

b)

Nature of transaction

Purchase

c)

Price(s) and volume(s)

Price

Volume

 

 

199.8731p

5,000

d)

Aggregated information

- Aggregated volume

- Price

 

N/A

e)

Date of the transaction

22 January 2020

f)

Place of the transaction

London Stock Exchange, AIM

 

 

Enquiries:

 

 

Sumo Group plc

Tel: +44 (0) 114 242 6766

Carl Cavers, Chief Executive Officer

 

David Wilton, Chief Financial Officer

 

 

 

Zeus Capital Limited (Nominated Adviser & Broker)

 

Nick Cowles / Andrew Jones

Tel: +44 (0) 161 831 1512

Ben Robertson / John Goold

Tel: +44 (0) 203 829 5000

 

 

Belvedere Communications Limited

                                      

Cat Valentine (cvalentine@belvederepr.com)

Tel: +44 (0) 7715 769 078

Keeley Clarke (kclarke@belvederepr.com)

Tel: +44 (0) 7967 816 525

Llew Angus (langus@belvederepr.com)

Tel: +44 (0) 7407 023 147

 

About Sumo Group - www.sumogroupplc.com 

 

Sumo Group's businesses provide acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, and Canada.

 

Sumo Digital, as the group's primary business, is one of the UK's largest independent developers of AAA-rated video games, having studios in Sheffield, Newcastle, Nottingham, Brighton, Leeds, Leamington Spa, Warrington and Pune, India. The business has acquired two studios since IPO, which operate under their own names, BAFTA award-winning The Chinese Room and Red Kite Games. Sumo Digital provides turnkey and co-development solutions to a global blue-chip client base.

 

Atomhawk is a multi-award-winning visual design company, with studios in Newcastle and in Vancouver (Canada), servicing the games, film and visual effects industries.

 

Together, the Group delivers full-spectrum visual and development solutions, which include initial visual concepts, conceiving new products and game development involving all aspects of pre-production, production & development, as well as supporting games as a service.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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