Director/PDMR Shareholding

RNS Number : 9659Q

ULS Technology PLC

01 November 2021

 

ULS Technology Plc

Directors' Dealings & Holdings in Company

ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 01 November 2021 from Kestrel Partners LLP ("Kestrel") that on the 27 October 2021 and 29 October 2021  it purchased for its discretionary clients, 54,000 ordinary shares of 0.4p each ("Shares") in the Company at an average price of £0.740778 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 notification, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 12,705,729 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 5,902,128 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 18,607,857 Shares in the Company, which represents 28.68 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	12,705,729	19.59%
Indirect	JIM Nominees Limited	476,500	0.73%
Indirect	Bank of New York Nominees Ltd	5,425,628	8.36%

For further information contact:

	ULS Technology plc	Via Walbrook PR
	Jesper With-Fogstrup, CEO
	John Williams, Chief Financial Officer
	Numis Securities Limited (Nomad & Broker)	Tel: [phone]
	Stuart Skinner / William Wickham
	Walbrook PR Limited	[e-mail] or Tel: [phone]
	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	P urchase
c)	Price(s) and volume(s)	P urchase 27 October 2021 Price(s) Volume(s) 0.74 25,000 shares 29 October 2021 Price(s) Volume(s) 0.7414483 29,000 shares
d)	Aggregated information - Aggregated volume - Price	Total Purchase of 54,000 shares at an average of £0.740778
e)	Date of the transaction	27 October 2021 & 29 October 2021
f)	Place of the transaction	London

 

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