Director's Dealing

RNS Number : 7374H

Gresham Computing PLC

21 May 2014

 

21 May 2014

Gresham Computing plc

Director's Dealings

Gresham Computing plc (the "Company" or "Gresham") received notification on 21^st May 2014 from Kestrel Partners LLP ("Kestrel") that on 20^th May 2014 it acquired, on behalf of its discretionary clients, 50,000 ordinary shares of 5peach ("Shares") in the Company at a price of £1.319489 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 5,494,354 Shares in the Company.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a legal beneficial interest in) 5,399,354 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 5,544,354 Shares in the Company, which represents approximately 8.77 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	5,399,354	8.54%
Indirect	JIM Nominees Limited	145,000	0.23%

For further information, please contact:

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

 

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