Ubisense Group PLC Directors' Dealings (5697A)

TIDMUBI

RNS Number : 5697A

Ubisense Group PLC

27 March 2017

27 March 2017

Ubisense Group Plc

Directors' Dealings

Ubisense Group plc (LSE:UBI, "Company" or "Ubisense") received notification on 24 March 2017 from Kestrel Partners LLP ("Kestrel") that on 24 March 2017 it acquired, on behalf of its discretionary clients, 100,000 ordinary shares of 2p each ("Shares") in the Company at a price of GBP0.45 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 15,715,493 Shares in the Company.

The 100,000 shares were acquired on behalf of Kestrel Opportunities and other discretionary clients. Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 11,673,035 Shares in the Company. Kestrel's other discretionary clients, in which Mr Scott has no beneficial interest, hold a further 4,142,458 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 15,815,493 Shares in the Company, which represents approximately 28.30% 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              11,673,035           20.89% 
 Indirect    JIM Nominees Limited        1,306,095            2.34% 
             Bank of New York 
 Indirect     Nominees Ltd               2,836,363            5.07% 
 

For further information contact:

 
  Ubisense Group PLC 
   Peter Harverson           [phone] 
   Tim Gingell                170 
  Numis Securities Limited 
   Simon Willis 
   Jamie Lillywhite          [phone] 
   Toby Adcock                1000 
 

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 
---  -------------------------  ------------------------------- 
 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             2p Ordinary Shares 
       the financial 
       instrument, type 
       of instrument              ISIN: GB00B3NCXX73 
 
       Identification 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Purchase 
       transaction 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)      Price(s)   Volume(s) 
                                  ---------  --------------- 
                                   GBP 0.45   100,000 Shares 
                                  ---------  --------------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information     Total 100,000 shares @ GBP 
                                  0.45 
 
       - Aggregated volume 
 
 
       - Price 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    2017-03-24 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   London Stock Exchange 
---  -------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHDMGZFKNZGNZG

(END) Dow Jones Newswires

March 27, 2017 02:01 ET (06:01 GMT)