Last checked at 30 Jun 2017 17:17
30 June 2017
Ubisense Group Plc
Directors' Dealings
Ubisense Group plc (LSE:UBI, "Company" or "Ubisense") received notification on 30 June 2017 from Kestrel Partners LLP ("Kestrel") that on 30 June 2017 it acquired, on behalf of its discretionary clients, 65,000 ordinary shares of 2p each ("Shares") in the Company at a price of £0.3867 per share. The notification also included the matters set out below.
Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Limited ("Kestrel Opportunities"), and various other clients. This disclosure relates to indirect Shares and voting rights in the Company that are managed by Kestrel on a discretionary basis.
Mr Scott is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Ubisense.
Prior to this purchase of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 16,030,493 Shares in the Company.
Of the Shares purchased, 55,250 were acquired on behalf of Kestrel Opportunities and following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 11,911,035 Shares in the Company. The remaining 9,750 Shares were purchased on behalf of Kestrel's other discretionary clients, in which Mr Scott has no beneficial interest, who, following this transaction, hold a further 4,184,458 Shares in the Company.
Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 16,095,493 Shares in the Company, which represents approximately 28.80% per cent of the Company's issued share capital.
Kestrel's interest in the Shares in the Company is held through the following nominees:
Holding type | Nominee | No. of shares | % of issued share capital |
Indirect | Bank of New York Nominees Ltd | 11,911,035 | 21.31% |
Indirect | JIM Nominees Limited | 1,306,095 | 2.34% |
Indirect | Bank of New York Nominees Ltd | 2,878,363 | 5.15% |
For further information contact:
Ubisense Group PLCPeter Harverson Tim Gingell
| +44 (0) 1223 535 170 |
Numis Securities LimitedSimon Willis Jamie Lillywhite Toby Adcock | +44 (0) 20 7260 1000 |
ANNEX
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||
a)
| Name
| Kestrel Partners LLP
| |||||
2
| Reason for the notification
| ||||||
a)
| Position/status
| PCA - Oliver Rupert Andrew Scott (non-executive director Ubisense Group plc) | |||||
b)
| Initial notification /Amendment
| Initial | |||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||
a)
| Name
| Ubisense Group plc | |||||
b)
| LEI
| 213800P2PCLCEFANB194 | |||||
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
Identification code
| 2p Ordinary Shares
ISIN: GB00B3NCXX73
| |||||
b)
| Nature of the transaction
| Purchase | |||||
c)
| Price(s) and volume(s)
|
| |||||
d)
| Aggregated information
- Aggregated volume
- Price
| Total 65,000 shares @ GBP 0.3867
| |||||
e)
| Date of the transaction
| 2017-06-30 | |||||
f)
| Place of the transaction
| London Stock Exchange | |||||