Ubisense Group PLC Directors' Dealings (8776I)
22 June 2017 - 7:51PM
UK Regulatory
TIDMUBI
RNS Number : 8776I
Ubisense Group PLC
22 June 2017
22 June 2017
Ubisense Group Plc
Directors' Dealings
Ubisense Group plc (LSE:UBI, "Company" or "Ubisense") received
notification on 21 June 2017 from Kestrel Partners LLP ("Kestrel")
that on 21 June 2017 it acquired, on behalf of its discretionary
clients, 115,000 ordinary shares of 2p each ("Shares") in the
Company at a price of GBP0.37 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 15,915,493 Shares in
the Company.
Of the Shares purchased, 97,750 were acquired on behalf of
Kestrel Opportunities and following this transaction, Kestrel
Opportunities holds (and consequently Mr Scott is deemed to have a
beneficial interest in) 11,855,785 Shares in the Company. The
remaining 17,250 Shares were purchased on behalf of Kestrel's other
discretionary clients, in which Mr Scott has no beneficial
interest, who, following this transaction, hold a further 4,174,708
Shares in the Company.
Following this transaction and on a combined basis, Kestrel
indirectly holds voting rights over 16,030,493 Shares in the
Company, which represents approximately 28.69% 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 Nominee No. of shares % of issued
type share capital
Bank of New York
Indirect Nominees Ltd 11,855,785 21.22%
Indirect JIM Nominees Limited 1,306,095 2.34%
Bank of New York
Indirect Nominees Ltd 2,868,613 5.13%
For further information contact:
Ubisense Group PLC
Peter Harverson +44 (0) 1223 535
Tim Gingell 170
Numis Securities Limited
Simon Willis
Jamie Lillywhite +44 (0) 20 7260
Toby Adcock 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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