Director/PDMR Shareholding

RNS Number : 3532E

ULS Technology PLC

10 March 2022

 

ULS Technology Plc

Directors' Dealings & Holdings in Company

ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 10 March 2022 from Kestrel Partners LLP ("Kestrel") that on the 07 March 2022 and 09 March 2022 it purchased for its discretionary clients, 14,061 ordinary shares of 0.4p each ("Shares") in the Company at an average price of £0.72282 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) 13,195,115 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 5,902,605 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 19,097,720 Shares in the Company, which represents 29.44 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	13,195,115	20.35%
Indirect	JIM Nominees Limited	476,500	0.73%
Indirect	Bank of New York Nominees Ltd	5,426,105	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	Purchase
c)	Price(s) and volume(s)	Purchase 07 March 2022 Price(s) Volume(s) 0.7229 14,000 shares Purchase 09 March 2022 Price(s) Volume(s) 0.7140 61 shares
d)	Aggregated information - Aggregated volume - Price	Total Purchase of 14,061 shares at an average of £0.72282
e)	Date of the transaction	07 March 2022 and 09 March 2022
f)	Place of the transaction	London AIM

 

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