Exercise and Sale of Options and PDMR Shareholding

RNS Number : 9107X

ULS Technology PLC

29 November 2017

 

ULS Technology plc

("ULS", the "Group" or the "Company")

Exercise and Sale of Options and PDMR Shareholding

ULS Technology plc (AIM; ULS), the provider of online B2B platforms for the UK conveyancing and

financial intermediary markets, announces that on 29 November 2017 Ben Thompson, CEO, exercised 323,639 options to subscribe for new ordinary shares of 0.4p each in the Company and immediately sold 290,306 while retaining 33,333 of those shares.

All the options exercised had an exercise price of 39.50p per share and the shares sold had a sale price of £1.49 per share. Both the exercise and the subsequent sale were done through the Employee Benefit Trust and there was no increase in share capital.

The net effect of the exercise and sale and the resultant holdings are shown in the table below:

		Resulting interest in the Company
Name	Net shares purchased	No. of Ordinary Shares	Holding as a % of ISC	No. of options over Ordinary Shares
Ben Thompson	33,333	53,333	0.08%	1,618,698

Enquiries:

ULS Technology plc		Tel: [phone]
Geoff Wicks, Chairman
Ben Thompson, CEO
John Williams, Finance Director
Numis Securities Limited (Nomad & Broker)		Tel: [phone]
Stuart Skinner / Paul Gillam, Corporate Advisory
Michael Burke, Corporate Broking
Walbrook PR Limited	Tel: [phone]
Paul Cornelius / Nick Rome		[e-mail]
Helen Cresswell / Sam Allen

 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Mr Ben Thompson
2.	Reason for the notification
a)	Position/status:	Chief Executive Officer
b)	Initial notification/Amendment:	Initial Notification
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	Ordinary Shares of £0.004 each  ISIN: GB00BNG8T458
b)	Nature of the transaction	Exercise of options and subsequent sale of shares
c)	Price(s) and volume	Exercise of 323,639 options to acquire shares at £0.395 per share and sale of 290,306 of those shares at £1.49 per share
d)	Aggregated information	Exercise of 323,639 options to acquire shares for a total of £127,837.41 at £0.395 per share and sale of 290,306 of those shares for a total of £432,555.94 at £1.49 per share
e)	Date of the transaction	29 November 2017
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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