Ubisense Group PLC Director/PDMR Shareholding (0775L)

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

DSHLLFSSSRIRLIT

(END) Dow Jones Newswires

April 16, 2018 10:50 ET (14:50 GMT)