Director/PDMR Shareholding

RNS Number : 6757O
Gresham Computing PLC
29 May 2015
 

29 May 2015

Gresham Computing plc

Director's Dealings

 

Gresham Computing plc (the "Company" or "Gresham") received notification on 29th May 2015 from Kestrel Partners LLP ("Kestrel") that on 28th May 2015 it acquired, on behalf of its discretionary clients, 100,000 ordinary shares of 5p each ("Shares") in the Company at a price of £0.98 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 6,238,154 Shares in the Company.

 

Of the Shares purchased, 50,000 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) 5,977,164 Shares in the Company.  The remaining 50,000 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 360,990 Shares in the Company.

 

On a combined basis, Kestrel indirectly holds voting rights over 6,338,154 Shares in the Company, which represents approximately 10.02% 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

BNY Mellon Nominees Limited

5,977,164

9.45%

Indirect

JIM Nominees Limited

290,990

0.46%

Indirect

State Street Nominees Limited

70,000

0.11%

 

- Ends -

 

For further information, please contact:

 

Gresham Computing plc
Rob Grubb, CFO

Jonathan Cathie, Company Secretary

 

+44 (0) 20 7653 0200

N+1 Singer
Shaun Dobson, Head of Corporate Finance
Lauren Kettle, Corporate Finance

+44 (0) 20 7496 3000

 


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