Director/PDMR Shareholding

RNS Number : 1489H
Gresham Computing PLC
15 May 2014
 

15 May 2014

Gresham Computing plc

 

Director's Dealings

 

Gresham Computing plc (the "Company" or "Gresham") received notification on 14th May 2014 from Kestrel Partners LLP ("Kestrel") that on 13th May 2014 it acquired, on behalf of its discretionary clients, 25,000 ordinary shares of 5p each ("Shares") in the Company at a price of £1.30 per share.

 

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 legal 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 5,419,354 Shares in the Company.

 

Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a legal beneficial interest in) 5,299,354 Shares in the Company. Kestrel's other discretionary clients, in which Mr Royde has no legal beneficial interest, hold a further 145,000 Shares in the Company.

 

On a combined basis, Kestrel indirectly holds voting rights over 5,444,354 Shares in the Company, which represents approximately 8.65 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 type

Nominee

No. of shares

% of issued share capital

Indirect

Rose Nominees Limited

5,299,354

8.42%

Indirect

JIM Nominees Limited

145,000

0.23%

 

 

For further information, please contact:

 

Gresham Computing plc
Chris Errington, CEO
Rob Grubb, CFO

+44 (0) 20 7653 0200

N+1 Singer
Shaun Dobson, Head of Corporate Finance
Nick Donovan

+44 (0) 20 7496 3060

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
RDSSFWFMLFLSEDI
UK 100

Latest directors dealings