NETDIMENSIONS (HOLDINGS) LIMITED NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge and learning management systems, was informed on 10 March 2017 that Jay Shaw, Chief Executive Officer of the Company, has cancelled his holding of 62,000 American Depository Receipts ("ADRs"). The ADRs were returned to 310,000 ordinary shares at a ratio of 5 ordinary shares to 1 ADR. The conversion was undertaken as a straight swap with no price consideration being applicable.
Following the cancellation and conversion, Mr Shaw's holding in the share capital of the Company is unchanged at 4,816,500 ordinary shares, representing 9.39% of the total issued share capital of the Company.
There is no change to the issued share capital of the Company which currently stands at 51,273,865 ordinary shares with voting rights.
Enquiries: NetDimensions (Holdings) Limited Tel: +852 2122 4500Jay Shaw Matthew Chaloner
Panmure Gordon (UK) Limited (Nomad & Broker) Tel: +44 20 7886 2500
Andrew Godber Peter Steel Erik Anderson
Walbrook PR Ltd (Financial Public Relations) Tel: +44 20 7933 8780Paul Cornelius Or netdimensions@walbrookpr.com Sam Allen
Nick Rome Helen Cresswell
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them1 | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Jay Shaw |
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 | NetDimensions (Holdings) Limited | |||
b) | LEI | 213800SS8XJDH5CGZ730 | |||
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 KYG6427F1019 | |||
b) | Nature of the transaction | Conversion of interests in American Depository Receipts ("ADRs") | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
- | 310,000 | ||||
d) | Aggregated information
| 62,000 ADRs converted into 310,000 ordinary shares | |||
e) | Date of the transaction | 08-03-17 | |||
f) | Place of the transaction | Outside a trading venue | |||
Name of authorised official of issuer responsible for making notification:
Janet Luk
Company Secretary to NetDimensions (Holdings) Limited
About NetDimensionsEstablished in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of learning, knowledge and performance management solutions to highly regulated industries.
NetDimensions provides companies, government agencies and other organisations with talent management solutions to personalise learning, share knowledge, enhance performance, and manage compliance programmes for employees, customers, partners and suppliers.
NetDimensions' solutions also include custom content and learning portal development services, as well as off-the-shelf course libraries and regulatory compliance courseware developed by NetDimensions' subject matter experts and content partners.
NetDimensions' award-winning solutions have been chosen by leading organisations worldwide including ING, Cathay Pacific, Chicago Police Department, Geely Automotive, Fugro Group, Fresenius Medical Care, tesa SE, and DB Schenker.
NetDimensions is ISO 9001 certified and NetDimensions' Secure SaaS practices are ISO 27001 certified. For more information, visit www.netdimensions.com or follow @netdimensions on Twitter.
NetDimensions (Holdings) Limited published this content on 13 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 March 2017 09:53:06 UTC.
Original documenthttp://www.netdimensions.com/downloads/investors/2017/RNS-ADR-Cancellation-13March2017-JS-CLEAN.pdf
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