SOURCE: Atlas Mara Co-Nvest Limited

November 17, 2014 12:30 ET

Atlas Mara Co-Nvest Limited: Director/PDMR Shareholding

TORTOLA, BRITISH VIRGIN ISLANDS--(Marketwired - Nov 17, 2014) - Atlas Mara Co-Nvest Limited ("Atlas Mara" or the "Company") announces that on 15 November 2014 the Company granted options over a total of 145,000 ordinary shares to its Chief Financial Officer, Arina McDonald, subject to the terms of the Company's Global Share Option Plan.

All such options are exercisable at a strike price of $9.50 per ordinary share, being the closing price on 14 November 2014, with one third vesting on the date of grant, one third on the first anniversary of grant and one third on the second anniversary of grant.

The Company further announces that on 17 November 2014, Ms McDonald was issued 161,527 ordinary shares in connection with the terms of her employment. These shares were issued as a result of awards Ms McDonald had to forego from her previous employment. These shares are subject to certain restrictions on dealing from the date of issue up to 31 October 2017.

Ms McDonald therefore holds 161,527 ordinary shares in the Company and 145,000 options under the Company's Global Share Option Plan.

It is expected that the 161,527 ordinary shares will be admitted to trading on the London Stock Exchange on or around 20 November 2014.

About Atlas Mara

Atlas Mara was formed by Bob Diamond, Founder of Atlas Merchant Capital LLC and Ashish J. Thakkar, Founder of Mara Group Holdings Limited, and listed on the main market of the London Stock Exchange in December 2013.

Atlas Mara's strategy is to create sub-Saharan Africa's premier financial institution through a combination of its experience, expertise and access to capital, liquidity and funding and to support economic growth and strengthen financial systems in Africa.

For more information, visit the Company's website at www.atlasmara.com.

Contact Information

  • Contact details

    Stockwell Communications
    +44 (0)20 7240 2486
    Anthony Silverman
    Robert Morgan

    Sard Verbinnen & Co
    +1 (212) 687 8080
    David Reno
    Margaret Popper