ULS Technology PLC Director/PDMR Shareholding (1701G)

TIDMULS

RNS Number : 1701G

ULS Technology PLC

22 July 2021

ULS Technology Plc

Directors' Dealings & Holdings in Company

ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 22 July 2021 from Kestrel Partners LLP ("Kestrel") that on the 20 July 2021 and 21 July 2021 it purchased for its discretionary clients, 110,000 ordinary shares of 0.4p each ("Shares") in the Company at an average price of GBP0.7892 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 notification, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 12,063,382 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 5,902,128 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 17,965,510 Shares in the Company, which represents 27.69 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 share 
  type                                                              capital 
             Bank of New York Nominees 
 Indirect     Ltd                            12,063,382              18.60% 
 Indirect    JIM Nominees Limited               476,500               0.73% 
             Bank of New York Nominees 
 Indirect     Ltd                             5,425,628               8.36% 
 
 

For further information contact:

 
    ULS Technology plc                                Via Walbrook PR 
    Jesper With-Fogstrup, CEO 
    John Williams, Chief Financial 
     Officer 
 
    Numis Securities Limited (Nomad                Tel: [phone] 
     & Broker) 
    Stuart Skinner / William Wickham 
 
    Walbrook PR Limited               [e-mail] or Tel: 
                                                        020 7933 8780 
    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            P urchase 
       transaction 
     -----------------------  -------------------------------------------------- 
 c)   Price(s) and              P urchase 
       volume(s)                 20 July 2021 
                                 Price(s)   Volume(s) 
                                           --------------- 
                                 0.79       3,000 shares 
                                           --------------- 
                                 21 July 2021 
                                 Price(s)   Volume(s) 
                                           --------------- 
                                 0.789134   107,000 shares 
                                           --------------- 
     -----------------------  -------------------------------------------------- 
 d)   Aggregated information 
       - Aggregated              Total Purchase of 110,000 s hares at an average 
       volume                    of GBP0.789157 
       - Price 
     -----------------------  -------------------------------------------------- 
 e)   Date of the              20 & 21 July 2021 
       transaction 
     -----------------------  -------------------------------------------------- 
 f)   Place of the             London 
       transaction 
     -----------------------  -------------------------------------------------- 
 

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July 22, 2021 07:55 ET (11:55 GMT)