Ubisense Group PLC Directors' Dealings (8165J)

TIDMUBI

RNS Number : 8165J

Ubisense Group PLC

30 June 2017

30 June 2017

Ubisense Group Plc

Directors' Dealings

Ubisense Group plc (LSE:UBI, "Company" or "Ubisense") received notification on 30 June 2017 from Kestrel Partners LLP ("Kestrel") that on 30 June 2017 it acquired, on behalf of its discretionary clients, 65,000 ordinary shares of 2p each ("Shares") in the Company at a price of GBP0.3867 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 16,030,493 Shares in the Company.

Of the Shares purchased, 55,250 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) 11,911,035 Shares in the Company. The remaining 9,750 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 4,184,458 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 16,095,493 Shares in the Company, which represents approximately 28.80% 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              11,911,035           21.31% 
 Indirect    JIM Nominees Limited        1,306,095            2.34% 
             Bank of New York 
 Indirect     Nominees Ltd               2,878,363            5.15% 
 

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                    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              Purchase 
       the transaction 
---  ---------------------  ----------------------------- 
 c)   Price(s)                Price(s)     Volume(s) 
       and volume(s)          -----------  -------------- 
                               GBP 0.3867   65,000 Shares 
                              -----------  -------------- 
---  ---------------------  ----------------------------- 
 d)   Aggregated             Total 65,000 shares 
       information            @ GBP 0.3867 
 
 
       - Aggregated 
       volume 
 
 
       - Price 
---  ---------------------  ----------------------------- 
 e)   Date of the            2017-06-30 
       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

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June 30, 2017 12:17 ET (16:17 GMT)