Director/PDMR Shareholding

RNS Number : 3190G

ULS Technology PLC

16 March 2020

 

ULS Technology Plc

Directors' Dealings & Holdings in Company

ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 16 March 2020 from Kestrel Partners LLP ("Kestrel") that on the 12 March 2020 and 13 March 2020 it purchased for its discretionary clients, 78,950 ordinary shares of 0.4p each ("Shares") in the Company at an average price of £0.53135 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) 10,652,300 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 5,706,055 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 16,358,355 Shares in the Company, which represents 25.22% 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	10,652,300	16.42%
Indirect	JIM Nominees Limited	1,167,569	1.80%
Indirect	Bank of New York Nominees Ltd	4,424,986	6.83%
Indirect	Bank of New York Nominees Ltd	113,500	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)	Purchase: 12 March 2020 Price(s) Volume(s) GBP 0.52478 35,067 shares 13 March 2020 Price(s) Volume(s) GBP 0.536993 43,883 shares
d)	Aggregated information - Aggregated volume - Price	Total P urchase of 78,950 s hares in total at an average of £0.53135 per share (total price £41,949.72).
e)	Date of the transaction	12/03/2020 & 13/03/2020
f)	Place of the transaction	London Stock Exchange

 

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