Director/PDMR Shareholding

RNS Number : 6810F

ULS Technology PLC

10 March 2020

 

ULS Technology Plc

Directors' Dealings & Holdings in Company

ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 09 March 2020 from Kestrel Partners LLP ("Kestrel") that on the 06 and 09 March 2020 it purchased for its discretionary clients, 127,536 ordinary shares of 0.4p each ("Shares") in the Company at an average price of £0.5212 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 transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 10,608,417 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 5,655,988 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 16,264,405 Shares in the Company, which represents 25.07% 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	10,608,417	16.35%
Indirect	JIM Nominees Limited	1,168,479	1.80%
Indirect	Bank of New York Nominees Ltd	4,374,919	6.75%
Indirect	Bank of New York Nominees Ltd	112,590	0.17%

For further information contact:

ULS Technology plc	[phone]
John Williams, Finance Director Steve Goodall, Chief Executive Officer
Numis Securities Limited  (NOMAD and Broker)	[phone]
Stuart Skinner Paul Gillam
Walbrook PR Limited	[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)	6 March 2020 Purchase: Price(s) Volume(s) GBP 0.50 GBP 0.52404    12,500 shares 102,536 shares 9 March 2020 Purchase: Price(s) Volume(s) GBP 0.5196   12,500 shares
d)	Aggregated information - Aggregated volume - Price	Purchase of 127,536  Shares in total at £0.521249 per share (total price £66,478.01).
e)	Date of the transaction	06/03/20 and 09/03/2020
f)	Place of the transaction	London Stock Exchange

 

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