Source - RNS
RNS Number : 9462J
ULS Technology PLC
16 April 2020
 

 

ULS Technology Plc

 

Directors' Dealings & Holdings in Company

ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 16 April 2020 from Kestrel Partners LLP ("Kestrel") that on the 14 April 2020 and 15 April 2020 it purchased for its discretionary clients, 8,000 ordinary shares of 0.4p each ("Shares") in the Company at an average price of £0.43 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) 11,089,434 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 6,077,007 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 17,166,441 Shares in the Company, which represents 26.46% 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

11,089,434

17.09%

Indirect

JIM Nominees Limited

1,167,569

1.80%

Indirect

Bank of New York Nominees Ltd

4,795,938

7.40%

Indirect

Bank of New York Nominees Ltd

113,500

0.17%

 

For further information contact:

 

ULS Technology plc    +44 (0) 1844 262392

John Williams, Finance Director

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

 




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 ('Kestrel')

 

2

 

Reason for the notification

 

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

 

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

 

a)

 

Description of the financial instrument, type of instrument

 

Identification code

 

 

0.4p Ordinary Shares

 

 

 

ISIN: GB00BNG8T458

 

b)

 

Nature of the transaction

 

Purchase

c)

 

Price(s) and volume(s)

 

Purchase:

14 April 2020

Price(s)

 

Volume(s)

GBP 0.43

 

3,000 shares

 

15 April 2020


Price(s)

 

Volume(s)

GBP 0.43

 

5,000 shares

 

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

Total P urchase of 8,000 s hares in total at an average of £0.43 per share (total price £3,440.00).

 

 

e)

 

Date of the transaction

 

 14/04/20 & 15/04/20

f)

 

Place of the transaction

London Stock Exchange

 


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