Directors' Dealings

RNS Number : 5697A

Ubisense Group PLC

27 March 2017

 

27 March 2017

Ubisense Group Plc

Directors' Dealings

Ubisense Group plc (LSE:UBI, "Company" or "Ubisense") received notification on 24 March 2017 from Kestrel Partners LLP ("Kestrel") that on 24 March 2017 it acquired, on behalf of its discretionary clients, 100,000 ordinary shares of 2p each ("Shares") in the Company at a price of £0.45 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 Scott is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Ubisense.

Prior to this purchase of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 15,715,493 Shares in the Company.

The 100,000 shares were acquired on behalf of Kestrel Opportunities and other discretionary clients.  Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 11,673,035 Shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no beneficial interest, hold a further 4,142,458 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 15,815,493 Shares in the Company, which represents approximately 28.30% 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	11,673,035	20.89%
Indirect	JIM Nominees Limited	1,306,095	2.34%
Indirect	Bank of New York Nominees Ltd	2,836,363	5.07%

For further information contact:

Ubisense Group PLC Peter Harverson Tim Gingell	[phone]
Numis Securities Limited Simon Willis Jamie Lillywhite Toby Adcock	[phone]

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
2	Reason for the notification
a)	Position/status	PCA - Oliver Rupert Andrew Scott (non-executive director Ubisense Group plc)
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ubisense Group plc
b)	LEI
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	2p Ordinary Shares ISIN: GB00B3NCXX73
b)	Nature of the transaction	Purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) GBP 0.45 100,000 Shares
d)	Aggregated information - Aggregated volume - Price	Total 100,000 shares @ GBP 0.45
e)	Date of the transaction	2017-03-24
f)	Place of the transaction	London Stock Exchange

 

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