Purchase of own shares and PDMR Dealing

 20th Nov 2018

Download the full announcement


EKF Diagnostics Holdings plc (AIM: EKF), the AIM listed medical diagnostics business, announces an update to its prior announcement on 14 November 2018 in relation to the Buy-Back. The Company confirms that on 19 November 2018, it purchased 178,423 of its ordinary shares on the London Stock Exchange at a price of 26.15 pence per share. The purchased shares will be cancelled.


Aggregated information:

Date of purchase:

19 November 2018

Issuer name:

EKF Diagnostics Holdings plc



Number of ordinary shares purchased:


Volume weighted average price paid per share:

26.15 pence

Trading venue

London Stock Exchange


Transaction details:

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), a full breakdown of the individual trades made by N+1 Singer on behalf of the Company as part of the Buy-Back programme is detailed below:


Number of shares purchased

Transaction price (GBp)

Time of transaction

Trading venue






Total Voting Rights

Following the cancellation, the Company’s total issued share capital will consist of 457,376,213 shares of 1 pence each (“Ordinary Shares”) with one voting right per share. The Company will not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company will be 457,376,213.


The above figure of 457,376,213 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.


PDMR dealing

As part of the Buy-Back and within the above aggregate purchase, EKF acquired 53,423 ordinary shares at a price 26.15 pence per share from Harwood Capital LLP ("Harwood") as investment manager to Oryx International Growth Fund Limited ("Oryx"). Christopher Mills, the Company's Non-Executive Chairman, is a partner and Chief Investment Officer of Harwood and a director and shareholder in Oryx.  As stated in the announcement of 14 November, Harwood has facilitated this transaction solely in order to ensure that the aggregate indirect beneficial interest of Mr. Mills remains at approximately the same level and in any event does not exceed 30% of the prevailing total voting rights in the Company following any repurchases.


Following the above sale of ordinary shares by Oryx to the Company, Mr. Mills’ aggregate indirect interest in the Company is 136,946,577 ordinary shares.  38,946,577 of these shares are held by Oryx and the balance by North Atlantic Smaller Companies Investment Trust PLC (“NASCIT”), an investment trust to which Harwood acts as an investment adviser and of which Christopher Mills is a director and shareholder.


Additional disclosures relating to this  PDMR dealing are detailed below.


For further information please contact:


EKF Diagnostics Holdings plc
Christopher Mills, Non-Executive Chairman
Julian Baines, CEO
Richard Evans, FD and COO

Tel: 00 44 29 2071 0570
N+1 Singer (Nomad & Broker)

Aubrey Powell / Lauren Kettle / George Tzimas (Corporate Finance)
Tom Salvesen (Corporate Broking)

Tel: 020 7496 3000

Walbrook PR Limited
Paul McManus
Lianne Cawthorne

Tel: 020 7933 8780 or
Mob: 07980 541 893 / 07584 391 303

About EKF Diagnostics Holdings plc

EKF is a leading point-of-care diagnostics and central laboratory assay manufacturer with an estimated 80,000 hemoglobin, hematocrit, HbA1c, glucose and lactate analyzers in regular use across more than 100 countries. EKF specializes in developing tests for use in anemia and diabetes diagnosis and management, as well as providing a portfolio of reagents for use in clinical chemistry analyzers.


Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them



Details of the person discharging managerial responsibilities / person closely associated



Harwood Capital LLP, as investment manager to Oryx International Growth Fund Limited ("Oryx")


Reason for the notification



Christopher Mills, the Company's Non-Executive Chairman, is a partner and Chief Investment Officer of Harwood Capital LLP and a director and shareholder in Oryx


Initial notification /Amendment

Initial notification


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor



EKF Diagnostics Holdings plc





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



Description of the financial instrument, type of instrument

Ordinary shares of 1 pence each



Identification code

ISIN Code: GB0031509804




Nature of the transaction

Sale of shares



Price(s) and volume(s)












26.15 pence










Aggregated information




- Aggregated volume




- Price





Date of the transaction

19 November 2018


Place of the transaction

London Stock Exchange