Source - RNS
RNS Number : 6221I
Gresham Computing PLC
31 August 2016
 

31 August 2016

 

Gresham Computing plc

Directors' Dealings

Gresham Computing plc (LSE:GHT, "Company" or "Gresham") received notification on 31 August 2016 from Kestrel Partners LLP ("Kestrel") that on 31 August 2016 it acquired, on behalf of its discretionary clients, 100,000 ordinary shares of 5p each ("Shares") in the Company at a price of £0.97 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 Royde 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 Gresham.

Prior to this purchase of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 8,579,709 Shares in the Company.

Of the Shares purchased, 80,000 were acquired on behalf of Kestrel Opportunities and following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 7,669,664 Shares in the Company. The remaining 20,000 Shares were purchased on behalf of Kestrel's other discretionary clients, in which Mr Royde has no beneficial interest, who, following this transaction, hold a further 1,010,045 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 8,679,709 Shares in the Company, which represents approximately 13.66% 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

7,669,664

12.07%

Indirect

JIM Nominees Limited

297,545

0.47%

Indirect

Bank of New York Nominees Ltd

712,500

1.12%

 

 

Enquiries

Gresham Computing plc
Ian Manocha

Rob Grubb

Jonathan Cathie

+44 (0) 20 7653 0200

N+1 Singer (broker)
Nic Hellyer

Lauren Kettle

+44 (0) 20 7496 3000

 

 

 

 

 

 

 

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 - Matthew Max Edward Royde (non-executive director Gresham Computing plc)

b)

 

Initial notification /Amendment

 

 

Initial

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

 

Name

 

 

Gresham Computing plc

b)

 

LEI

 

 


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

 

 

5p Ordinary Shares

 

 

ISIN: GB0008808825

 

b)

 

Nature of the transaction

 

 

Purchase

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

GBP 0.97

 

100,000 Shares

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

Total 100,000 shares @ GBP 0.97

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2016-08-31

f)

 

Place of the transaction

 

 

London Stock Exchange

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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