RNS Number : 5116E
08 May 2017

SOCO International plc (“SOCO” or the “Company")

Director/PDMR Shareholding

The Company was notified today that on 5 May 2017, Palamos Limited, which is a Closely Associated Person to Rui de Sousa, Chairman of the SOCO Board of Directors, has granted a pledge in favour of Rothschild Bank AG over 4,354,410 SOCO Ordinary Shares, held by Palamos Limited, as security pursuant to a general loan facility entered into with Rothschild Bank AG.

Palamos Limited remains the beneficial owner of the shares subject to the pledge and retains control of the voting rights attached to such shares.

As such, Rui de Sousa’s interests in the voting rights of the Company are unchanged and he continues to be interested in 9,648,324 Shares, representing 2.91% of the voting rights and issued share capital of the Company, of which

  • 8,708,820 Shares (2.62%) are held by Palamos Limited, a closely associated person to Rui de Sousa;
  • 389,504 Shares (0.12%) are held by Quantic Limited, a closely associated person to Rui de Sousa; and
  • 550,000 Shares (0.17%) are held personally by Rui de Sousa.


1 Details of the person discharging managerial responsibilities/person closely associated

a) Name
Rui de Sousa

2 Reason for the notification

a) Position/status
Palamos Limited, a person closely associated with Rui de Sousa, Chairman of the Board

b) Initial notification/Amendment
Initial Notification

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

a) Name
SOCO International plc

b) LEI

4 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

a) Description of the financial instrument, type of instrument  
Ordinary Shares of £0.05 each

Identification code                                                             

b) Nature of the transaction
Share pledge in favour of Rothschild Bank AG

c) Price(s) and volume(s)
      Price(s)                NIL
      Volume(s)          4,354,410

d) Aggregated information
      - Aggregated volume
      - Price                 NA

e) Date of the transaction

f) Place of the transaction
Outside of a trading venue


SOCO is aware of attempts to impersonate the company on social media. SOCO does not have a Facebook page.