Gresham Computing PLC Director/PDMR Shareholding (1941I)
August 26 2016 - 2:00AM
UK Regulatory
TIDMGHT
RNS Number : 1941I
Gresham Computing PLC
26 August 2016
26 August 2016
Gresham Computing plc
Directors' Dealings
Gresham Computing plc (LSE:GHT, "Company" or "Gresham") received
notification on 25 August 2016 from Kestrel Partners LLP
("Kestrel") that on 25 August 2016 it acquired, on behalf of its
discretionary clients, 250,000 ordinary shares of 5p each
("Shares") in the Company at a price of GBP0.97 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 Royde is a partner of, and holds a beneficial interest in
Kestrel. Mr Royde is also a shareholder in Kestrel Opportunities
and is therefore deemed to have a beneficial interest in Kestrel
Opportunities' entire legal holding in Gresham.
Prior to this purchase of Shares, Kestrel on a combined basis
indirectly held Shares and voting rights over 8,329,709 Shares in
the Company.
Of the Shares purchased, 200,000 were acquired on behalf of
Kestrel Opportunities and following this transaction, Kestrel
Opportunities holds (and consequently Mr Royde is deemed to have a
beneficial interest in) 7,589,664 Shares in the Company. The
remaining 50,000 Shares were purchased on behalf of Kestrel's other
discretionary clients, in which Mr Royde has no beneficial
interest, who, following this transaction, hold a further 990,045
Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over
8,579,709 Shares in the Company, which represents approximately
13.51% 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 7,589,664 11.95%
Indirect JIM Nominees Limited 297,545 0.47%
Bank of New York
Indirect Nominees Ltd 692,500 1.09%
Enquiries
Gresham Computing plc
Ian Manocha
Rob Grubb +44 (0) 20 7653
Jonathan Cathie 0200
N+1 Singer (broker)
Nic Hellyer +44 (0) 20 7496
Lauren Kettle 3000
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 - Matthew Max Edward
Royde (non-executive director
Gresham Computing plc)
--- ------------------------- -------------------------------
b) Initial notification Initial
/Amendment
--- ------------------------- -------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name Gresham Computing plc
--- ------------------------- -------------------------------
b) LEI
--- ------------------------- -------------------------------
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 of 5p Ordinary Shares
the financial
instrument, type
of instrument ISIN: GB0008808825
Identification
code
--- ------------------------- -------------------------------
b) Nature of the Purchase
transaction
--- ------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ---------------
GBP 0.97 250,000 Shares
--------- ---------------
--- ------------------------- -------------------------------
d) Aggregated information Total 250,000 shares @ GBP
0.97
- Aggregated volume
- Price
--- ------------------------- -------------------------------
e) Date of the transaction 2016-08-25
--- ------------------------- -------------------------------
f) Place of the transaction London Stock Exchange
--- ------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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