Director/PDMR Shareholding

RNS Number : 0473Q
Gresham Computing PLC
26 August 2014
 

 

Gresham Computing plc

 

Director's Dealings

 

Gresham Computing plc (the "Company" or "Gresham") received notification on 26th August 2014 from Kestrel Partners LLP ("Kestrel") that on 21st August 2014 it acquired, on behalf of its discretionary clients, 37,500 ordinary shares of 5p each ("Shares") in the Company at a price of £1.16992 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 legal 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 5,875,654 Shares in the Company.

 

Of the Shares purchased, 25,000 were acquired on behalf of Kestrel Opportunities and following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a legal beneficial interest in) 5,677,164 Shares in the Company. The remaining 12,500 Shares were purchased on behalf of Kestrel's other discretionary clients, in which Mr Royde has no legal beneficial interest, who, following this transaction hold a further 235,990 Shares in the Company.

 

On a combined basis, Kestrel indirectly holds voting rights over 5,913,154 Shares in the Company, which represents approximately 9.35 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

Rose Nominees Limited

5,677,164

8.98%

Indirect

JIM Nominees Limited

235,990

0.37%

 

- Ends -

 

For further information, please contact:

 

Gresham Computing plc
Chris Errington, CEO
Rob Grubb, CFO

Jonathan Cathie, Company Secretary

 

+44 (0) 20 7653 0200

N+1 Singer
Shaun Dobson, Head of Corporate Finance
Nick Donovan, 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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