Exercise and Sale of Options and PDMR Shareholding

RNS Number : 9107X
ULS Technology PLC
29 November 2017
 

 

ULS Technology plc

("ULS", the "Group" or the "Company")

 

Exercise and Sale of Options and PDMR Shareholding

ULS Technology plc (AIM; ULS), the provider of online B2B platforms for the UK conveyancing and

financial intermediary markets, announces that on 29 November 2017 Ben Thompson, CEO, exercised 323,639 options to subscribe for new ordinary shares of 0.4p each in the Company and immediately sold 290,306 while retaining 33,333 of those shares.

 

All the options exercised had an exercise price of 39.50p per share and the shares sold had a sale price of £1.49 per share. Both the exercise and the subsequent sale were done through the Employee Benefit Trust and there was no increase in share capital.

 

The net effect of the exercise and sale and the resultant holdings are shown in the table below:

 

 

 

Resulting interest in the Company

Name

Net shares purchased

No. of Ordinary Shares

Holding as a % of ISC

No. of options over Ordinary Shares

Ben Thompson

33,333

53,333

0.08%

1,618,698

 

 

Enquiries:

ULS Technology plc

                Tel: 01844 262392

Geoff Wicks, Chairman

 

Ben Thompson, CEO

 

John Williams, Finance Director

 

 

 

Numis Securities Limited (Nomad & Broker)

                   Tel: 0207 260 1000

Stuart Skinner / Paul Gillam, Corporate Advisory

 

Michael Burke, Corporate Broking

 

 

 

Walbrook PR Limited 

                             Tel: 020 7933 8780

Paul Cornelius / Nick Rome

ulsgroup@walbrookpr.com

Helen Cresswell / Sam Allen

 

     

 

 

 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

 

1.     

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Mr Ben Thompson

2.     

Reason for the notification

 

a)

Position/status:

Chief Executive Officer

b)

Initial notification/Amendment:

Initial Notification

3.     

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

a)

Name:

ULS Technology plc

b)

LEI:

213800TDUOUSIQT2OT29

4.     

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

 

a)

Description of the financial instrument, type of instrument

Identification Code

Ordinary Shares of £0.004 each

 

 ISIN: GB00BNG8T458

b)

Nature of the transaction

Exercise of options and subsequent sale of shares 

c)

Price(s) and volume

Exercise of 323,639 options to acquire shares at £0.395 per share and sale of 290,306 of those shares at £1.49 per share

d)

Aggregated information

Exercise of 323,639 options to acquire shares for a total of £127,837.41 at £0.395 per share and sale of 290,306 of those shares for a total of £432,555.94 at £1.49 per share

e)

Date of the transaction

29 November 2017

f)

Place of the transaction

Outside a trading venue

 


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