29 Nov 2017 18:13
ULS Technology plc
("ULS", the "Group" or the "Company")
Exercise and Sale of Options and PDMR Shareholding
ULS Technology plc (AIM; ULS), the provider of online B2B platforms for the UK conveyancing and
financial intermediary markets, announces that on 29 November 2017 Ben Thompson, CEO, exercised 323,639 options to subscribe for new ordinary shares of 0.4p each in the Company and immediately sold 290,306 while retaining 33,333 of those shares.
All the options exercised had an exercise price of 39.50p per share and the shares sold had a sale price of £1.49 per share. Both the exercise and the subsequent sale were done through the Employee Benefit Trust and there was no increase in share capital.
The net effect of the exercise and sale and the resultant holdings are shown in the table below:
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| Resulting interest in the Company | ||
Name | Net shares purchased | No. of Ordinary Shares | Holding as a % of ISC | No. of options over Ordinary Shares |
Ben Thompson | 33,333 | 53,333 | 0.08% | 1,618,698 |
Enquiries:
ULS Technology plc | Tel: 01844 262392 | |
Geoff Wicks, Chairman |
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Ben Thompson, CEO |
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John Williams, Finance Director |
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Numis Securities Limited (Nomad & Broker) | Tel: 0207 260 1000 | |
Stuart Skinner / Paul Gillam, Corporate Advisory |
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Michael Burke, Corporate Broking |
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Walbrook PR Limited | Tel: 020 7933 8780 | |
Paul Cornelius / Nick Rome | ulsgroup@walbrookpr.com | |
Helen Cresswell / Sam Allen |
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DEALING NOTIFICATION FORMFOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS
1. | Details of the person discharging managerial responsibilities/person closely associated | |
a) | Name: | Mr Ben Thompson |
2. | Reason for the notification |
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a) | Position/status: | Chief Executive Officer |
b) | Initial notification/Amendment: | Initial Notification |
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 |
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 | Ordinary Shares of £0.004 each
ISIN: GB00BNG8T458 |
b) | Nature of the transaction | Exercise of options and subsequent sale of shares |
c) | Price(s) and volume | Exercise of 323,639 options to acquire shares at £0.395 per share and sale of 290,306 of those shares at £1.49 per share |
d) | Aggregated information | Exercise of 323,639 options to acquire shares for a total of £127,837.41 at £0.395 per share and sale of 290,306 of those shares for a total of £432,555.94 at £1.49 per share |
e) | Date of the transaction | 29 November 2017 |
f) | Place of the transaction | Outside a trading venue |