Director/PDMR Shareholding

RNS Number : 9876F
Gresham Computing PLC
17 November 2015
 

17 November 2015

Gresham Computing plc

Director's Dealings

 

Gresham Computing plc (the "Company" or "Gresham") received notification on 17th November 2015 from Kestrel Partners LLP ("Kestrel") that on 16th November 2015 it acquired, on behalf of its discretionary clients, 387,500 ordinary shares of 5p each ("Shares") in the Company at a price of £1.08 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 6,929,709 Shares in the Company.

 

Of the Shares purchased, 310,000 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) 6,579,664 Shares in the Company.  The remaining 77,500 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 737,545 Shares in the Company.

 

On a combined basis, Kestrel indirectly holds voting rights over 7,317,209 Shares in the Company, which represents approximately 11.56% 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

Bank of New York Nominees Ltd

6,579,664

10.40%

Indirect

JIM Nominees Limited

297,545

0.47%

Indirect

Bank of New York Nominees Ltd

440,000

0.70%

 

- Ends -

 

For further information, please contact:

 

Gresham Computing plc
Rob Grubb, CFO

Jonathan Cathie, Company Secretary

 

+44 (0) 20 7653 0200

N+1 Singer
Shaun Dobson, Head of Corporate Finance
Lauren Kettle, Corporate Finance

+44 (0) 20 7496 3000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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