Ubisense Group PLC Directors' Dealings (8776I)

TIDMUBI

RNS Number : 8776I

Ubisense Group PLC

22 June 2017

22 June 2017

Ubisense Group Plc

Directors' Dealings

Ubisense Group plc (LSE:UBI, "Company" or "Ubisense") received notification on 21 June 2017 from Kestrel Partners LLP ("Kestrel") that on 21 June 2017 it acquired, on behalf of its discretionary clients, 115,000 ordinary shares of 2p each ("Shares") in the Company at a price of GBP0.37 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 15,915,493 Shares in the Company.

Of the Shares purchased, 97,750 were acquired on behalf of Kestrel Opportunities and following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 11,855,785 Shares in the Company. The remaining 17,250 Shares were purchased on behalf of Kestrel's other discretionary clients, in which Mr Scott has no beneficial interest, who, following this transaction, hold a further 4,174,708 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 16,030,493 Shares in the Company, which represents approximately 28.69% 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              11,855,785           21.22% 
 Indirect    JIM Nominees Limited        1,306,095            2.34% 
             Bank of New York 
 Indirect     Nominees Ltd               2,868,613            5.13% 
 

For further information contact:

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

This information is provided by RNS

The company news service from the London Stock Exchange

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June 22, 2017 05:51 ET (09:51 GMT)