Director/PDMR Shareholding
Marechale Capital plc announced that Non-executive Director Chris Kenning transferred 9,146,670 ordinary shares to 1Edge Insurance PCC Limited, a company he indirectly controls, and sold 3,000,000 ordinary shares for 8.3 pence each to settle a personal tax liability. Following these transactions, Mr. Kenning's aggregate interest, including shares held by 1Edge, is 9,146,670 ordinary shares, representing approximately 3.56% of the company's enlarged issued share capital. He also holds 250,000 options over ordinary shares.
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Marechale Capital plc, an established London based corporate finance advisory business, announces that on 23 June 2026 it was informed that on 23 June 2026, Mr. Chris Kenning, Non-executive Director of the Company had transferred a part of his shareholding, representing 9,146,670 ordinary shares in the Company, to 1Edge Insurance PCC Limited ("1Edge"), a private company indirectly controlled by Mr. Kenning (the “Transfer”).
Further, to settle a personal tax liability with respect to the Transfer, on 22 June 2026 Mr. Kenning
sold 3,000,000 ordinary shares in the Company.
- Kenning remains fully committed to the Company's strategic growth and continues in his role as a Non-executive Director.
Details of the Transfer and the sale of ordinary shares are set out in the Notification of Dealing Form below.
| Director/PCA | Interest prior to Transfer and sale | Number of ordinary shares transferred | Number of ordinary shares sold | Resultant direct interest in ordinary shares in the Company | Resultant direct percentage of voting rights in the Company |
|---|---|---|---|---|---|
| Chris Kenning | 12,146,670 | 9, 146,670 | 3,000,000 | - | - |
| 1Edge * | - | - | - | 9, 146,670 | 3.56% |
*1Edge Insurance PCC Limited is 100 per cent. owned by Stubben Edge Group Limited, whose largest shareholder and regulated controller is Mr. Kenning
Following the above Transfer and sale, the aggregate interest of Mr. Kenning, including the ordinary shares held by 1Edge, is 9,146,670 ordinary shares in the Company, representing approximately 3.56 per cent. of the Company’s enlarged issued share capital, as noted in the announcement 22 June 2026.
- Kenning also has an interest in 250,000 options over ordinary shares in the Company.
| a. | Name | Chris Kenning 1Edge Insurance PCC Limited (“ 1Edge ”) | |
| 2 | Reason for notification | ||
| a. | Position/Status | Non-executive Director PCA of Chris Kenning, Non-executive Director | |
| b. | Initial notification/ Amendment | Initial Notification | |
| a. | Name | Marechale Capital plc | |
| b. | LEI | 2138003NUK6SXCDIAT89 | |
| b. | Nature of the transaction | Transfer / receipt of ordinary shares Sale of ordinary shares | |
| c. | Price(s) and volume(s): | Price(s) per share (p) | Volume(s) |
| Chris Kenning 1) N/A 2) 8.3p 1Edge 1) N/A | Chris Kenning 1) 9,146,670 ( Transfer of shares ) 2) 3,000,000 1Edge 1) 9,146,670 ( Receipt of shares ) | ||
| d. | Aggregated information Volume Price Volume Price | Transfer / receipt of shares 9,146,670 N/A Sale of shares 3,000,000 8.3p | |
| f. | Place of the transaction | Outside a trading venue AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.