TIDMULS

RNS Number : 8019G

ULS Technology PLC

19 March 2020

ULS Technology Plc

Directors' Dealings & Holdings in Company

ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 18 March 2020 from Kestrel Partners LLP ("Kestrel") that on the 16 March 2020 and 17 March 2020 it purchased for its discretionary clients, 92,042 ordinary shares of 0.4p each ("Shares") in the Company at an average price of GBP0.46933 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) 10,744,342 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 5,706,055 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 16,450,397 Shares in the Company, which represents 25.36% 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                            10,744,342              16.56% 
 Indirect    JIM Nominees Limited             1,167,569               1.80% 
             Bank of New York Nominees 
 Indirect     Ltd                             4,424,986               6.83% 
             Bank of New York Nominees 
 Indirect     Ltd                               113,500               0.17% 
 

For further information contact:

 
  ULS Technology plc +44 (0) 1844 262392 
   John Williams, Finance Director 
   Steve Goodall, Chief Executive Officer 
 
   Numis Securities Limited (NOMAD and Broker) +44 (0) 20 7260 
   1000 
   Stuart Skinner 
   Paul Gillam 
 
   Walbrook PR Limited +44 (0) 20 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            Purchase 
       transaction 
     -----------------------  ------------------------------------------------ 
 c)   Price(s) and              Purchase: 
       volume(s)                 16 March 2020 
                                 Price(s)        Volume(s) 
                                                -------------- 
                                 GBP 0.50245     42,952 shares 
                                                -------------- 
                                 17 March 2020 
                                                -------------- 
                                 Price(s)        Volume(s) 
                                                -------------- 
                                 GBP 0.4423      49,090 shares 
                                                -------------- 
     -----------------------  ------------------------------------------------ 
 d)   Aggregated information 
       - Aggregated              Total P urchase of 92,042 s hares in total 
       volume                    at an average of GBP0.46933 per share (total 
       - Price                   price GBP43,197.73). 
     -----------------------  ------------------------------------------------ 
 e)   Date of the              16/03/2020 & 17/03/2020 
       transaction 
     -----------------------  ------------------------------------------------ 
 f)   Place of the             London Stock Exchange 
       transaction 
     -----------------------  ------------------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 19, 2020 07:28 ET (11:28 GMT)

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