Ubisense Group PLC Director/PDMR Shareholding (0775L)
17 April 2018 - 12:50AM
UK Regulatory
TIDMUBI
RNS Number : 0775L
Ubisense Group PLC
16 April 2018
16 April 2018
Ubisense Group Plc
Directors' Dealings
Ubisense Group plc (LSE:UBI, "Company" or "Ubisense") received
notification on 16 April 2018 from Kestrel Partners LLP ("Kestrel")
that on 16 April 2018 it sold, on behalf of its discretionary
clients, 1,600,000 ordinary shares of 2p each ("Shares") in the
Company at a price of GBP0.45 per share. This sale by Kestrel was
made in response to demand from an institutional investor that
wanted to acquire a stake in the Company.
The notification by Kestrel 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 sale of Shares, Kestrel on a combined basis
indirectly held Shares and voting rights over 20,645,493 Shares in
the Company.
Of the Shares sold, 563,125 were sold on behalf of Kestrel
Opportunities and following this transaction, Kestrel Opportunities
holds (and consequently Mr Scott is deemed to have a beneficial
interest in) 15,082,597 Shares in the Company. The remaining
1,036,875 Shares were sold on behalf of Kestrel's other
discretionary clients, in which Mr Scott has no beneficial
interest, who, following this transaction, hold a further 3,962,896
Shares in the Company.
Following this transaction and on a combined basis, Kestrel
indirectly holds voting rights over 19,045,493 Shares in the
Company, which represents approximately 26.06% 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 15,082,597 20.64%
Indirect JIM Nominees Limited 524,845 0.72%
Bank of New York
Indirect Nominees Ltd 3,453,051 4.70%
For further information contact:
+44 (0)1223
Ubisense Group plc 535170
Richard Petti
Tim Gingell
+44 (0) 207
finnCap Ltd 220 0500
Stuart Andrews, Henrik Persson, Anthony
Adams (Corporate Finance)
Tim Redfern, Richard Chambers
(Corporate Broking)
+44 (0)207
Tulcan Communications LLP 353 4200
James Macey White, Matt Low, Deborah
Roney
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 Initial
/Amendment
--- --------------------- ----------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ---------------------------------------------------------
a) Name Ubisense Group plc
--- --------------------- ----------------------------------
b) LEI 213800P2PCLCEFANB194
--- --------------------- ----------------------------------
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 2p Ordinary Shares
of the financial
instrument,
type of instrument ISIN: GB00B3NCXX73
Identification
code
--- --------------------- ----------------------------------
b) Nature of Sale
the transaction
--- --------------------- ----------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) --------- -----------------
GBP 0.45 1,600,000 Shares
--------- -----------------
--- --------------------- ----------------------------------
d) Aggregated Total 1,600,000 shares @ GBP 0.45
information
- Aggregated
volume
- Price
--- --------------------- ----------------------------------
e) Date of the 2018-04-16
transaction
--- --------------------- ----------------------------------
f) Place of London Stock Exchange
the transaction
--- --------------------- ----------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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