ULS Technology PLC Director/PDMR Shareholding (8393V)

TIDMULS

RNS Number : 8393V

ULS Technology PLC

11 August 2020

ULS Technology Plc

Directors' Dealings & Holdings in Company

ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 11 August 2020 from Kestrel Partners LLP ("Kestrel") that on the 10 August 2020 and 11 August 2020 it purchased for its discretionary clients, 35,004 ordinary shares of 0.4p each ("Shares") in the Company at an average price of GBP0.62229 per share. The notification also included the matters set out below.

Mr Scott, a non-executive director of ULS, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in ULS.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 11,484,974 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 6,576,555 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 18,061,529 Shares in the Company, which represents 27.84% 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 share 
  type                                                              capital 
             Bank of New York Nominees 
 Indirect     Ltd                            11,484,974              17.70% 
 Indirect    JIM Nominees Limited             1,178,569               1.82% 
             Bank of New York Nominees 
 Indirect     Ltd                             5,287,886               8.15% 
             Bank of New York Nominees 
 Indirect     Ltd                               110,100               0.17% 
 

For further information contact:

 
  ULS Technology plc [phone] 
   John Williams, Chief Financial Officer 
   Steve Goodall, Chief Executive Officer 
 
   Numis Securities Limited (NOMAD and Broker) [phone] 
   1000 
   Stuart Skinner 
   Paul Gillam 
 
   Walbrook PR Limited [phone] 
   Tom Cooper 
   Nick Rome 
   Nicholas Johnson 
 
 

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 ('Kestrel') 
     -----------------------  ------------------------------------------------ 
 2    Reason for the notification 
     ------------------------------------------------------------------------- 
 a)   Position/status          PCA - Oliver Rupert Andrew Scott (non-executive 
                                director of ULS Technology plc and Partner 
                                in Kestrel) 
     -----------------------  ------------------------------------------------ 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ------------------------------------------------ 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                     ULS Technology plc 
     -----------------------  ------------------------------------------------ 
 b)   LEI                      213800TDUOUSIQT2OT29 
     -----------------------  ------------------------------------------------ 
 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              0.4p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
                                ISIN: GB00BNG8T458 
       Identification 
       code 
     -----------------------  ------------------------------------------------ 
 b)   Nature of the            Purchase 
       transaction 
     -----------------------  ------------------------------------------------ 
 c)   Price(s) and              Purchase: 
       volume(s)                 10 August 2020 
                                 Price(s)     Volume(s) 
                                             -------------- 
                                 GBP 0.62     10,004 shares 
                                             -------------- 
                                 11 August 2020 
                                 Price(s)     Volume(s) 
                                             -------------- 
                                 GBP 0.6232   25,000 shares 
                                             -------------- 
     -----------------------  ------------------------------------------------ 
 d)   Aggregated information 
       - Aggregated              Total P urchase of 35,004 s hares in total 
       volume                    at an average of GBP0.62229 per share (total 
       - Price                   price GBP21,782.48) 
     -----------------------  ------------------------------------------------ 
 e)   Date of the              10/08/20 & 11/08/20 
       transaction 
     -----------------------  ------------------------------------------------ 
 f)   Place of the             London Stock Exchange 
       transaction 
     -----------------------  ------------------------------------------------ 
 

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August 11, 2020 12:22 ET (16:22 GMT)