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LONDON - Software (ETR:SOWGn) Circle plc (AIM:SFT), a UK-based acquirer of vertical market software businesses, disclosed today that Roman Rothenberg, the company’s M&A Director, has sold a total of 37,500 Ordinary Shares. The transactions, which took place between May 19 and May 21, were conducted on the London Stock Exchange (LON:LSEG)’s AIM market.
According to the announcement, Rothenberg sold 27,500 shares at 29.05 pence each and an additional 10,000 shares at 29.00 pence per share on May 21. Rothenberg Capital GmbH, an entity controlled by Rothenberg, also sold 21,096 Ordinary Shares at 29.00 pence per share through transactions dated from May 19 to May 21.
The company provided this information in compliance with the UK Market Abuse Regulation, which requires timely disclosure of share dealings by persons discharging managerial responsibilities.
Software Circle, which positions itself as a supportive and non-intrusive partner for software business founders seeking exit strategies, emphasizes a decentralized operational model that aims to maintain the entrepreneurial culture of the businesses it acquires.
The details of these transactions were made public in accordance with the Financial Conduct Authority’s requirements. The notification included the transaction dates, volumes, and prices, but did not aggregate the information as they were single transactions.
This sale of shares by a key managerial person at Software Circle comes as part of the routine disclosures that publicly traded companies are required to make regarding the share dealings of their executives. The news is based on a press release statement from the company.
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