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13 May 2025 12:17
Pulsar Group plc ("the Company")
Directors' Dealings
Pulsar Group plc (AIM: PULS) today announces that following dealings by directors in the recent placing announced by the Company.
Name | Number of ordinary shares acquired | Price per ordinary share | Total beneficial interest post admission | % of ISC |
Christopher Satterthwaite | 26,315 | 38p | 120,911 | 0.09% |
Joanna Arnold | 39,473 | 38p | 793,754 | 0.59% |
Mark Fautley | 39,473 | 38p | 119,284 | 0.09% |
Sarah Vawda | 13,157 | 38p | 29,823 | 0.02% |
In addition, the Company has been notified that Kestrel Partners LLP ("Kestrel"), on behalf of its discretionary client accounts, has purchased 3,142,449 ordinary shares in the Company at a price of £0.38 per ordinary share.
Mr Royde, a Non-Executive Director of the Company, is a partner of, and holds a beneficial interest in, Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in the Company.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 20,227,082 ordinary shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 18,872,612 ordinary shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 39,099,694 Ordinary Shares in the Company, which represents 28.84% per cent of the total voting rights in the Company.
Kestrel's interest in the Ordinary Shares in the Company is held through the following nominees:
Holding type | Nominee | No. of Ordinary Shares | % of total voting rights |
Indirect | Bank of New York Nominees Ltd | 20,227,082 | 14.92% |
Indirect | JIM Nominees Limited | 2,407,591 | 1.78% |
Indirect | Bank of New York Nominees Ltd | 10,576,173 | 7.80% |
Indirect | Northern Trust Company AVFC | 5,888,848 | 4.34% |
For further information contact:
| |||
Pulsar Group plc Joanna Arnold (CEO) Mark Fautley (CFO) | 020 3426 4070 | ||
Cavendish Capital Markets Limited (Nominated Adviser and Broker) Corporate Finance: Marc Malmo / Isaac Hooper / Elysia Bough
Corporate Broking: Sunila de Silva | 020 7220 0500
| ||
ANNEX
The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Christopher Satterthwaite
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Non-Executive Chairman
| ||||||
b)
| Initial notification /Amendment | Initial | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Pulsar Group plc | ||||||
b)
| LEI
| 213800PPZ4ZM8OMHGT41 | ||||||
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
| Ordinary shares of 5 pence each ("Ordinary Shares")
ISIN: GB00BGQVB052
| ||||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price |
Purchased 26,315 shares at a price of GBP 0.38.
| ||||||
e)
| Date of the transaction | 8 May 2025 | ||||||
f)
| Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name | Joanna Arnold | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | CEO | ||||||
b)
| Initial notification /Amendment | Initial | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Pulsar Group plc | ||||||
b)
| LEI
| 213800PPZ4ZM8OMHGT41 | ||||||
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
| Ordinary shares of 5 pence each ("Ordinary Shares")
ISIN: GB00BGQVB052
| ||||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price |
Purchased 39,473 shares at a price of GBP 0.38.
| ||||||
e)
| Date of the transaction | 8 May 2025 | ||||||
f)
| Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Mark Fautley | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | CFO | ||||||
b)
| Initial notification /Amendment | Initial | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Pulsar Group plc | ||||||
b)
| LEI
| 213800PPZ4ZM8OMHGT41 | ||||||
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
| Ordinary shares of 5 pence each ("Ordinary Shares")
ISIN: GB00BGQVB052
| ||||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price |
Purchased 39,473 shares at a price of GBP 0.38. | ||||||
e)
| Date of the transaction | 8 May 2025 | ||||||
f)
| Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||||
a)
| Name
| Sarah Vawda | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status | Non-Executive Director | ||||||
b)
| Initial notification /Amendment | Initial | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Pulsar Group plc | ||||||
b)
| LEI
| 213800PPZ4ZM8OMHGT41 | ||||||
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
| Ordinary shares of 5 pence each ("Ordinary Shares")
ISIN: GB00BGQVB052
| ||||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price |
Purchased 13,157 shares at a price of GBP 0.38.
| ||||||
e)
| Date of the transaction | 8 May 2025 | ||||||
f)
| Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
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 - Max Royde (non-executive director) | ||||||
b)
| Initial notification /Amendment | Initial | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| Pulsar Group plc | ||||||
b)
| LEI
| 213800PPZ4ZM8OMHGT41 | ||||||
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
| Ordinary shares of 5 pence each ("Ordinary Shares")
ISIN: GB00BGQVB052
| ||||||
b)
| Nature of the transaction
| Purchase of Ordinary Shares | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price |
Purchase total 3,142,449 shares at a price of GBP 0.38.
| ||||||
e)
| Date of the transaction | 8 May 2025 | ||||||
f)
| Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
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