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LONDON - GlobalData Plc (AIM:DATA) announced Friday that its Chief Executive Officer, Michael Danson, sold 20 million ordinary shares at a price of £1.50 per share, generating proceeds of £30 million.
The transaction, which took place on September 10, was disclosed in a regulatory filing as part of the company’s obligations under the Market Abuse Regulation and the Disclosure Guidance and Transparency Rules.
The filing classified the transaction as a "PDMR Dealing," referring to Persons Discharging Managerial Responsibilities, a designation that requires public disclosure when such individuals conduct transactions in company shares.
GlobalData, a data analytics and consulting company listed on London’s AIM market, made the announcement through a regulatory news service. The company did not provide information regarding Danson’s remaining shareholding in the company following the transaction or the reason for the share sale.
The notification was made in accordance with Article 19 of the Market Abuse Regulation, which requires prompt disclosure of transactions by senior executives and other insiders.
J.P. Morgan Cazenove serves as the company’s nominated advisor and joint broker, alongside Panmure Liberum and Investec Bank plc.
This information is based on a press release statement issued by GlobalData Plc.
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