Source - RNS
RNS Number : 7522J
Ubisense Group PLC
14 September 2016
 

14 September 2016

 

Ubisense Group Plc

Directors' Dealings

Ubisense Group plc (LSE:UBI, "Company" or "Ubisense") received notification on 13 September 2016 from Kestrel Partners LLP ("Kestrel") that on 12 September 2016 it acquired, on behalf of its discretionary clients, 12,500 ordinary shares of 2p each ("Shares") in the Company at a price of £0.352 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 15,602,493 Shares in the Company.

The 12,500 shares 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) 11,487,535 Shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no beneficial interest, hold a further 4,127,458 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 15,614,993 Shares in the Company, which represents approximately 27.94% 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

11,487,535

20.56%

Indirect

JIM Nominees Limited

1,306,095

2.34%

Indirect

Bank of New York Nominees Ltd

2,821,363

5.05%

 

For further information contact:

 

Ubisense Group PLC
Peter Harverson

Tim Gingell

 

+44 (0) 1223 535 170

Numis Securities Limited
Simon 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

 

 

 

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)

 

 

Price(s)

 

Volume(s)

GBP 0.352

 

12,500 Shares

 

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

Total 12,500 shares @ GBP 0.352

 

 

 

 

 

 

e)

 

Date of the transaction

 

 

2016-09-12

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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