Gresham Computing PLC Directors' Dealings (6221I)

TIDMGHT

RNS Number : 6221I

Gresham Computing PLC

31 August 2016

31 August 2016

Gresham Computing plc

Directors' Dealings

Gresham Computing plc (LSE:GHT, "Company" or "Gresham") received notification on 31 August 2016 from Kestrel Partners LLP ("Kestrel") that on 31 August 2016 it acquired, on behalf of its discretionary clients, 100,000 ordinary shares of 5p each ("Shares") in the Company at a price of GBP0.97 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 Royde is a partner of, and holds a beneficial interest in Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Gresham.

Prior to this purchase of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 8,579,709 Shares in the Company.

Of the Shares purchased, 80,000 were acquired on behalf of Kestrel Opportunities and following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 7,669,664 Shares in the Company. The remaining 20,000 Shares were purchased on behalf of Kestrel's other discretionary clients, in which Mr Royde has no beneficial interest, who, following this transaction, hold a further 1,010,045 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 8,679,709 Shares in the Company, which represents approximately 13.66% 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               7,669,664           12.07% 
 Indirect    JIM Nominees Limited          297,545            0.47% 
             Bank of New York 
 Indirect     Nominees Ltd                 712,500            1.12% 
 

Enquiries

 
  Gresham Computing plc 
   Ian Manocha 
   Rob Grubb              [phone] 
   Jonathan Cathie         0200 
  N+1 Singer (broker) 
   Nic Hellyer            [phone] 
   Lauren Kettle           3000 
 

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 - Matthew Max Edward 
                                  Royde (non-executive director 
                                  Gresham Computing plc) 
---  -------------------------  ------------------------------- 
 b)   Initial notification       Initial 
       /Amendment 
---  -------------------------  ------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                       Gresham Computing plc 
---  -------------------------  ------------------------------- 
 b)   LEI 
---  -------------------------  ------------------------------- 
 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             5p Ordinary Shares 
       the financial 
       instrument, type 
       of instrument              ISIN: GB0008808825 
 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Purchase 
       transaction 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)      Price(s)   Volume(s) 
                                  ---------  --------------- 
                                   GBP 0.97   100,000 Shares 
                                  ---------  --------------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information     Total 100,000 shares @ GBP 
                                  0.97 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    2016-08-31 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 31, 2016 12:56 ET (16:56 GMT)