Purchase of Shares by Employee Benefit Trust
Employee Benefit Trust purchased 439,555 shares from directors and PDMRs at market price to fund employee equity incentives.
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Elixirr International plc (AIM:ELIX), an established, global award-winning challenger consultancy, announces that on 14th and 17th January 2025 the Elixirr International plc Employee Benefit Trust (the "EBT") purchased from certain PDMRs of the Company (the "Purchases") 439,555 ordinary shares in the capital of the Company ("Ordinary Shares") at market price.
The Purchases have been made at the instruction of Apex Group Fiduciary Services Limited as independent trustee of the EBT following recommendations by the Board of the Company. The decision to make the Purchases is to ensure that the EBT has sufficient shares to satisfy demand including for satisfaction of employee equity incentives, equity for new Partners and equity for those joining the firm through acquisition. Accordingly, the Purchases will mitigate the need for dilution in the equity of the Company as it executes on its growth strategy.
Participation by certain Directors and PDMRs in the Purchases are outlined in the table below:
| Director/PDMR | Position | Ordinary Shares Sold | Share Sale Price | Resultant Holding | % of total voting rights | ||||
| Gavin Patterson | Chair | 50,000 | 700p | 235,833 | 0.5 | ||||
| Eric Rich | Partner and PDMR | 28,571 | 700p | 672,053 | 1.4 | ||||
| Christopher Jordan | Partner and PDMR | 80,000 | 700p | 744,893 | 1.5 | ||||
| Clare Filby | Chief Operating Officer | 10,714 | 700p | 647,431 | 1.3 | ||||
| Stephen Newton | Chief Executive Officer | 270,270 | 740p | 11,432,274 | 23.7 | ||||
| a) | Name | Gavin Patterson | |||||||
| 2. | Reason for the Notification | ||||||||
| a) | Position/status | Director (Chair) | |||||||
| b) | Initial notification/Amendment | Initial Notification | |||||||
| a) | Name | Elixirr International plc | |||||||
| b) | LEI | 213800MKY7OHMVAKW681 | |||||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.005p each ("Ordinary Shares") | |||||||
| Identification code | GB00BLPHTX84 | ||||||||
| b) | Nature of the transaction | Sale of Ordinary Shares | |||||||
| c) | Price(s) and volume(s) |
| |||||||
| d) | Aggregated information: · Aggregated volume · Price | N/A - single transaction | |||||||
| e) | Date of the transaction | 14 January 2025 | |||||||
| f) | Place of the transaction | Off market transaction | |||||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
| a) | Name | Eric Rich | |||||||
| 2. | Reason for the Notification | ||||||||
| a) | Position/status | Partner & PDMR | |||||||
| b) | Initial notification/Amendment | Initial Notification | |||||||
| a) | Name | Elixirr International plc | |||||||
| b) | LEI | 213800MKY7OHMVAKW681 | |||||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.005p each ("Ordinary Shares") | |||||||
| Identification code | GB00BLPHTX84 | ||||||||
| b) | Nature of the transaction | Sale of Ordinary Shares | |||||||
| c) | Price(s) and volume(s) |
| |||||||
| d) | Aggregated information: · Aggregated volume · Price | N/A - single transaction | |||||||
| e) | Date of the transaction | 14 January 2025 | |||||||
| f) | Place of the transaction | Off market transaction | |||||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
| a) | Name | Christopher Jordan | |||||||
| 2. | Reason for the Notification | ||||||||
| a) | Position/status | Partner & PDMR | |||||||
| b) | Initial notification/Amendment | Initial Notification | |||||||
| a) | Name | Elixirr International plc | |||||||
| b) | LEI | 213800MKY7OHMVAKW681 | |||||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.005p each ("Ordinary Shares") | |||||||
| Identification code | GB00BLPHTX84 | ||||||||
| b) | Nature of the transaction | Sale of Ordinary Shares | |||||||
| c) | Price(s) and volume(s) |
| |||||||
| d) | Aggregated information: · Aggregated volume · Price | N/A - single transaction | |||||||
| e) | Date of the transaction | 14 January 2025 | |||||||
| f) | Place of the transaction | Off market transaction | |||||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
| a) | Name | Clare Filby | |||||||
| 2. | Reason for the Notification | ||||||||
| a) | Position/status | Chief Operating Officer & PDMR | |||||||
| b) | Initial notification/Amendment | Initial Notification | |||||||
| a) | Name | Elixirr International plc | |||||||
| b) | LEI | 213800MKY7OHMVAKW681 | |||||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.005p each ("Ordinary Shares") | |||||||
| Identification code | GB00BLPHTX84 | ||||||||
| b) | Nature of the transaction | Sale of Ordinary Shares | |||||||
| c) | Price(s) and volume(s) |
| |||||||
| d) | Aggregated information: · Aggregated volume · Price | N/A - single transaction | |||||||
| e) | Date of the transaction | 14 January 2025 | |||||||
| f) | Place of the transaction | Off market transaction | |||||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | ||||||||
| a) | Name | Stephen Newton | |||||||
| 2. | Reason for the Notification | ||||||||
| a) | Position/status | Chief Executive Officer | |||||||
| b) | Initial notification/Amendment | Initial Notification | |||||||
| a) | Name | Elixirr International plc | |||||||
| b) | LEI | 213800MKY7OHMVAKW681 | |||||||
| a) | Description of the Financial instrument, type of instrument | Ordinary shares of 0.005p each ("Ordinary Shares") | |||||||
| Identification code | GB00BLPHTX84 | ||||||||
| b) | Nature of the transaction | Sale of Ordinary Shares | |||||||
| c) | Price(s) and volume(s) |
| |||||||
| d) | Aggregated information: · Aggregated volume · Price | N/A - single transaction | |||||||
| e) | Date of the transaction | 17 January 2025 | |||||||
| f) | Place of the transaction | Off market transaction |
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