ULS Technology PLC Holding(s) in Company (6509E)

TIDMULS

RNS Number : 6509E

ULS Technology PLC

19 July 2016

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or the underlying                                                    ULS Technology PLC 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
------------------------------------------------------------------  ---------------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights                                                Yes 
----------------------------------------------------------------------  ------------------------------------------ 
 An acquisition or disposal of qualifying financial instruments 
  which may result in the acquisition of shares already issued to 
  which voting rights are attached 
----------------------------------------------------------------------  ------------------------------------------ 
 An acquisition or disposal of instruments with similar economic 
  effect to qualifying financial instruments 
----------------------------------------------------------------------  ------------------------------------------ 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------------  ------------------------------------------ 
 Other (please 
  specify): 
-----------------------------------------------------------------  ---  ------------------------------------------ 
 3. Full name of person(s) subject                                                            Kestrel Partners LLP 
  to the 
  notification obligation: (iii) 
------------------------------------------------------------------  ---------------------------------------------- 
 4. Full name of shareholder(s)                                      Kestrel Opportunities, a cell of Guernsey 
  (if different from 3.):(iv)                                         Portfolios PCC Ltd (through BNY Mellon 
                                                                      Nominees Limited) and various other 
                                                                      clients of Kestrel Partners LLP (through 
                                                                      JIM Nominees Ltd and Bank of New York 
                                                                      Nominees Limited) 
------------------------------------------------------------------  ---------------------------------------------- 
 5. Date of the transaction and date                                                                  15 July 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------------------------------  ---------------------------------------------- 
 6. Date on which issuer notified:                                                                    19 July 2016 
------------------------------------------------------------------  ---------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                           27% 
------------------------------------------------------------------  ---------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                            Resulting situation after the triggering 
 of              to the triggering                             transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
-------------  --------------------------------------------  ------------------------------------------------------------ 
                Number                      Number            Number     Number of voting        % of voting rights 
                 of                          of               of          rights                  (x) 
                 Shares                      Voting           shares 
                                             Rights 
-------------  --------------------------  ----------------  ---------  ----------------------  ------------------------- 
                                                              Direct     Direct     Indirect     Direct        Indirect 
                                                                         (xi)        (xii) 
-------------      ---------  -----------      ------------  ---------  ---------  -----------  ------------  ----------- 
 Ordinary 
 Shares 
 of 4p each 
 ISIN 
 GB00BNG8T458   17,423,020                  17,423,020        n/a        n/a        17,464,520   n/a           27.01% 
               --------------------------  ----------------  ---------  ---------  -----------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration                Exercise/                    Number of voting          % of voting 
 financial           date (xiii)               Conversion Period            rights that may           rights 
 instrument                                    (xiv)                        be 
                                                                            acquired if the 
                                                                            instrument is 
                                                                            exercised/ converted. 
-----------------  ------------------------  ---------------------------  ------------------------  --------------------- 
 n/a                n/a                       n/a                          n/a                       n/a 
-----------------  ------------------------  ---------------------------  ------------------------  --------------------- 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise     Expiration       Exercise/                Number of voting          % of voting rights 
 financial        price         date (xvii)      Conversion               rights instrument         (xix, xx) 
 instrument                                      period (xviii)           refers to 
---------------  -----------  ---------------  -----------------------  ------------------------  ----------------------- 
 n/a              n/a          n/a              n/a                      n/a                       Nominal       Delta 
---------------  -----------  ---------------  -----------------------  ------------------------  ------------  --------- 
                                                                                                   n/a           n/a 
-------------      ---------  -----------      ------------    -------    -------  -----------    ------------  --------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ---------------------------------------------------------- 
 17,464,520                                                     27.01% 
-------------------------------------------------------------  ---------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
-------------------------------------------------------------------------------------------------------------------- 
                                               Indirect - BNY Mellon Nominees Limited - 12,366,403 Shares. 19.13% of 
                                                                                                       voting rights 
                                          Indirect - JIM Nominees Limited - 2,184,430 Shares. 3.38% of voting rights 
                                              Indirect - Bank of New York Nominees Limited - 2,913,687 Shares. 4.51% 
                                                                                                    of voting rights 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
--------------------------------------------------------------------------  ---------------------------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
--------------------------------------------------------------------------  ---------------------------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
--------------------------------------------------------------------------  ---------------------------------------- 
 
                                                                             Disclosure based on Total voting rights 

  13. Additional information:                                                of 64,653,057 
                                                                             The indirect voting rights held under 
                                                                             (9) relate to shares held in client 
                                                                             portfolios managed by Kestrel Partners 
                                                                             LLP under discretionary investment 
                                                                             management agreements 
--------------------------------------------------------------------------  ---------------------------------------- 
 14. Contact name:                                                                                       Ian Forrest 
--------------------------------------------------------------------------  ---------------------------------------- 
 15. Contact telephone number:                                                                         0203 371 6100 
--------------------------------------------------------------------------  ---------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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July 19, 2016 11:55 ET (15:55 GMT)