Director/PDMR Shareholding

RNS Number : 9430T

Gresham Computing PLC

10 October 2014

 

Gresham Computing plc

Director's Dealings

Gresham Computing plc (the "Company" or "Gresham") received notification on 9^th October 2014 from Kestrel Partners LLP ("Kestrel") that on 9^th October 2014 it acquired, on behalf of its discretionary clients, 50,000 ordinary shares of 5p each ("Shares") in the Company at a price of £0.685 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 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 5,973,154 Shares in the Company.

The 50,000 Shares were acquired on behalf of Kestrel Opportunities and following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a legal beneficial interest in) 5,767,164 Shares in the Company. Kestrel's other discretionary clients, in which Mr Royde has no legal beneficial interest, hold a further 255,990 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 6,023,154 Shares in the Company, which represents approximately 9.53 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	BNY Mellon Nominees Limited	5,767,164	9.12%
Indirect	JIM Nominees Limited	255,990	0.41%

- Ends -

For further information, please contact:

Gresham Computing plc Chris Errington, CEO Rob Grubb, CFO Jonathan Cathie, Company Secretary	[phone]
N+1 Singer Shaun Dobson, Head of Corporate Finance Nick Donovan, Corporate Finance	[phone]

 

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