Ubisoft Entertainment — Director's Dealing 2018

Apr 16, 2018

National Storage Mechanism | Additional information

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RNS Number : 0775L

Ubisense Group PLC

16 April 2018

16 April 2018

Ubisense Group Plc

Directors' Dealings

Ubisense Group plc (LSE:UBI, "Company" or "Ubisense") received notification on 16 April 2018 from Kestrel Partners LLP ("Kestrel") that on 16 April 2018 it sold, on behalf of its discretionary clients, 1,600,000 ordinary shares of 2p each ("Shares") in the Company at a price of £0.45 per share. This sale by Kestrel was made in response to demand from an institutional investor that wanted to acquire a stake in the Company.

The notification by Kestrel 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 Scott is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in Kestrel Opportunities and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in Ubisense.

Prior to this sale of Shares, Kestrel on a combined basis indirectly held Shares and voting rights over 20,645,493 Shares in the Company.

Of the Shares sold, 563,125 were sold on behalf of Kestrel Opportunities and following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 15,082,597 Shares in the Company. The remaining 1,036,875 Shares were sold on behalf of Kestrel's other discretionary clients, in which Mr Scott has no beneficial interest, who, following this transaction, hold a further 3,962,896 Shares in the Company.

Following this transaction and on a combined basis, Kestrel indirectly holds voting rights over 19,045,493 Shares in the Company, which represents approximately 26.06% 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	15,082,597	20.64%
Indirect	JIM Nominees Limited	524,845	0.72%
Indirect	Bank of New York Nominees Ltd	3,453,051	4.70%

For further information contact:

Ubisense Group plc	+44 (0)1223 535170
Richard Petti
Tim Gingell
finnCap Ltd	+44 (0) 207 220 0500
Stuart Andrews, Henrik Persson, Anthony Adams (Corporate Finance)
Tim Redfern, Richard Chambers (Corporate Broking)
Tulcan Communications LLP	+44 (0)207 353 4200
James Macey White, Matt Low, Deborah Roney

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kestrel Partners LLP

2

Reason for the notification

a)

Position/status

PCA - Oliver Rupert Andrew Scott (non-executive director Ubisense Group plc)

b)

Initial notification /Amendment

Initial

3

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

a)

Name

Ubisense Group plc

b)

LEI

213800P2PCLCEFANB194

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

2p Ordinary Shares

ISIN: GB00B3NCXX73

b)

Nature of the transaction

Sale

c)

Price(s) and volume(s)

Price(s)	Volume(s)
GBP 0.45	1,600,000 Shares

d)

Aggregated information

- Aggregated volume

- Price

Total 1,600,000 shares @ GBP 0.45

e)

Date of the transaction

2018-04-16

f)

Place of the transaction

London Stock Exchange

This information is provided by RNS

The company news service from the London Stock Exchange

END

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