TIDMULS

RNS Number : 2261M

ULS Technology PLC

19 January 2021

ULS Technology Plc

Directors' Dealings & Holdings in Company

ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 19 January 2021 from Kestrel Partners LLP ("Kestrel") that on the 18 and 19 January 2021 it purchased for its discretionary clients, 18,012 ordinary shares of 0.4p each ("Shares") in the Company at an average price of GBP0.7933 per share.

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) 11,921,382 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 6,568,522 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 18,489,904 Shares in the Company, which represents 28.50% 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 share 
  type                                                              capital 
             Bank of New York Nominees 
 Indirect     Ltd                            11,921,382              18.37% 
 Indirect    JIM Nominees Limited          1,0 41 ,8 24               1.61% 
             Bank of New York Nominees 
 Indirect     Ltd                             5,425,628               8.36% 
             Bank of New York Nominees 
 Indirect     Ltd                               101,070               0.16% 
 

For further information contact:

 
    ULS Technology plc                                Via Walbrook PR 
    Martin Rowland, Chairman 
    John Williams, Chief Financial 
     Officer 
 
    Numis Securities Limited (Nomad                Tel: 0207 260 1000 
     & Broker) 
    Stuart Skinner / William Wickham 
 
    Walbrook PR Limited               ulsgroup@walbrookpr.com or Tel: 
                                                        020 7933 8780 
    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     Initial 
       /Amendment 
     -----------------------  ------------------------------------------------ 
 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              0.4p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
                                ISIN: GB00BNG8T458 
       Identification 
       code 
     -----------------------  ------------------------------------------------ 
 b)   Nature of the            Purchase 
       transaction 
     -----------------------  ------------------------------------------------ 
 c)   Price(s) and              Purchase: 
       volume(s)                 18 January 2021 
                                 Price(s)     Volume(s) 
                                             -------------- 
                                 GBP 0.7920   12,012 shares 
                                             -------------- 
                                 19 January 2021 
                                 Price(s)     Volume(s) 
                                             -------------- 
                                 GBP 0.796    6,000 shares 
                                             -------------- 
     -----------------------  ------------------------------------------------ 
 d)   Aggregated information 
       - Aggregated              Total P urchase of 18,012 s hares in total 
       volume                    at an average of GBP0.7933 per share (total 
       - Price                   value GBP14,289.48). 
     -----------------------  ------------------------------------------------ 
 e)   Date of the              18/01/21 & 19/01/21 
       transaction 
     -----------------------  ------------------------------------------------ 
 f)   Place of the             London Stock Exchange 
       transaction 
     -----------------------  ------------------------------------------------ 
 

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END

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January 19, 2021 12:25 ET (17:25 GMT)

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