21 Jul 2020 18:06
ULS Technology Plc
Directors' Dealings & Holdings in Company
ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 21 July 2020 from Kestrel Partners LLP ("Kestrel") that on the 20 July 2020 it purchased for its discretionary clients, 20,000 ordinary shares of 0.4p each ("Shares") in the Company at an average price of £0.585 per share. The notification also included the matters set out below.
Mr Scott, a non-executive director of ULS, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in ULS.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 11,292,408 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 6,422,736 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 17,715,144 Shares in the Company, which represents 27.31% 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 | 11,292,408 | 17.41% |
Indirect | JIM Nominees Limited | 1,178,569 | 1.82% |
Indirect | Bank of New York Nominees Ltd | 5,134,067 | 7.91% |
Indirect | Bank of New York Nominees Ltd | 110,100 | 0.17% |
For further information contact:
ULS Technology plc +44 (0) 1844 262392 John Williams, Chief Financial Officer Steve Goodall, Chief Executive Officer
Numis Securities Limited (NOMAD and Broker) +44 (0) 20 7260 1000 Stuart Skinner Paul Gillam
Walbrook PR Limited +44 (0) 20 7933 8780 Tom Cooper Nick Rome Nicholas Johnson
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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
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a)
| Name
| Kestrel Partners LLP ('Kestrel')
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2
| Reason for the notification
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a)
| Position/status
| PCA - Oliver Rupert Andrew Scott (non-executive director of ULS Technology plc and Partner in Kestrel) | ||||||||
b)
| Initial notification /Amendment
| Initial | ||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| ULS Technology plc | ||||||||
b)
| LEI
| 213800TDUOUSIQT2OT29
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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
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a)
| Description of the financial instrument, type of instrument
Identification code
| 0.4p Ordinary Shares
ISIN: GB00BNG8T458
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b)
| Nature of the transaction
| Purchase | ||||||||
c)
| Price(s) and volume(s)
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d)
| Aggregated information - Aggregated volume - Price |
Total Purchase of 20,000 shares in total at an average of £0.585 per share (total price £11,700.00).
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e)
| Date of the transaction
| 20/07/20 | ||||||||
f)
| Place of the transaction | London Stock Exchange | ||||||||