RNS Number : 0775L
Ubisense Group PLC
16 April 2018
16 April 2018
Ubisense Group Plc
Ubisense Group plc (LSE:UBI, "Company" or "Ubisense") received notification on 16 April 2018 from Kestrel Partners LLP ("Kestrel") that on 16 April 2018 it sold, on behalf of its discretionary clients, 1,600,000 ordinary shares of 2p each ("Shares") in the Company at a price of £0.45 per share. This sale by Kestrel was made in response to demand from an institutional investor that wanted to acquire a stake in the Company.
The notification by Kestrel 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 sale of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 20,645,493 Shares in the Company.
Of the Shares sold, 563,125 were sold on behalf of Kestrel Opportunities and following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 15,082,597 Shares in the Company. The remaining 1,036,875 Shares were sold on behalf of Kestrel's other discretionary clients, in which Mr Scott has no beneficial interest, who, following this transaction, hold a further 3,962,896 Shares in the Company.
Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 19,045,493 Shares in the Company, which represents approximately 26.06% per cent of the Company's issued share capital.
Kestrel's interest in the Shares in the Company is held through the following nominees:
For further information contact:
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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