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Pulsar Group plc directors Christopher Satterthwaite, Joanna Arnold, Mark Fautley, and Sarah Vawda acquired a total of 118,418 ordinary shares at 38p each on 8 May 2025. Kestrel Partners LLP purchased 3,142,449 ordinary shares in the Company at £0.38 per share on the same date. Following this transaction, Kestrel indirectly holds voting rights over 39,099,694 ordinary shares, representing 28.84% of Pulsar Group plc's total voting rights.
| Date | 13 May 2025 |
| Time | 12:17:21 |
| Category | Director/PDMR dealings |
| ID | 4834I |
Pulsar Group plc ("the Company")
Directors' Dealings
Pulsar Group plc (AIM: PULS) today announces that following dealings by directors in the recent placing announced by the Company.
|
Name |
Number of ordinary shares acquired |
Price per ordinary share |
Total beneficial interest post admission |
% of ISC |
|
Christopher Satterthwaite |
26,315 |
38p |
120,911 |
0.09% |
|
Joanna Arnold |
39,473 |
38p |
793,754 |
0.59% |
|
Mark Fautley |
39,473 |
38p |
119,284 |
0.09% |
|
Sarah Vawda |
13,157 |
38p |
29,823 |
0.02% |
In addition, the Company has been notified that Kestrel Partners LLP ("Kestrel"), on behalf of its discretionary client accounts, has purchased 3,142,449 ordinary shares in the Company at a price of £0.38 per ordinary share.
Mr Royde, a Non-Executive Director of the Company, 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 the Company.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 20,227,082 ordinary shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 18,872,612 ordinary shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 39,099,694 Ordinary Shares in the Company, which represents 28.84% per cent of the total voting rights in the Company.
Kestrel's interest in the Ordinary Shares in the Company is held through the following nominees:
|
Holding type |
Nominee |
No. of Ordinary Shares |
% of total voting rights |
|
Indirect |
Bank of New York Nominees Ltd |
20,227,082 |
14.92% |
|
Indirect |
JIM Nominees Limited |
2,407,591 |
1.78% |
|
Indirect |
Bank of New York Nominees Ltd |
10,576,173 |
7.80% |
|
Indirect |
Northern Trust Company AVFC |
5,888,848 |
4.34% |
For further information contact:
|
|
|
||
|
Pulsar Group plc Joanna Arnold (CEO) Mark Fautley (CFO) |
020 3426 4070 |
|
|
|
|
|
||
|
Cavendish Capital Markets Limited (Nominated Adviser and Broker) Corporate Finance: Marc Malmo / Isaac Hooper / Elysia Bough
Corporate Broking: Sunila de Silva |
020 7220 0500
|
|
|
ANNEX
The Notification of Dealing Forms set out below are provided in accordance with the requirements of the EU Market Abuse Regulation.
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name
|
Christopher Satterthwaite
|
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status
|
Non-Executive Chairman
|
||||||
|
b)
|
Initial notification /Amendment |
Initial |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Pulsar Group plc |
||||||
|
b)
|
LEI
|
213800PPZ4ZM8OMHGT41 |
||||||
|
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 5 pence each ("Ordinary Shares")
ISIN: GB00BGQVB052
|
||||||
|
b)
|
Nature of the transaction
|
Purchase of Ordinary Shares |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information - Aggregated volume - Price |
Purchased 26,315 shares at a price of GBP 0.38.
|
||||||
|
e)
|
Date of the transaction |
8 May 2025 |
||||||
|
f)
|
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name |
Joanna Arnold |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
CEO |
||||||
|
b)
|
Initial notification /Amendment |
Initial |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Pulsar Group plc |
||||||
|
b)
|
LEI
|
213800PPZ4ZM8OMHGT41 |
||||||
|
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 5 pence each ("Ordinary Shares")
ISIN: GB00BGQVB052
|
||||||
|
b)
|
Nature of the transaction
|
Purchase of Ordinary Shares |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information - Aggregated volume - Price |
Purchased 39,473 shares at a price of GBP 0.38.
|
||||||
|
e)
|
Date of the transaction |
8 May 2025 |
||||||
|
f)
|
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name
|
Mark Fautley |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
CFO |
||||||
|
b)
|
Initial notification /Amendment |
Initial |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Pulsar Group plc |
||||||
|
b)
|
LEI
|
213800PPZ4ZM8OMHGT41 |
||||||
|
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 5 pence each ("Ordinary Shares")
ISIN: GB00BGQVB052
|
||||||
|
b)
|
Nature of the transaction
|
Purchase of Ordinary Shares |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information - Aggregated volume - Price |
Purchased 39,473 shares at a price of GBP 0.38. |
||||||
|
e)
|
Date of the transaction |
8 May 2025 |
||||||
|
f)
|
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
||||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
|||||||
|
a)
|
Name
|
Sarah Vawda |
||||||
|
2
|
Reason for the notification
|
|||||||
|
a)
|
Position/status |
Non-Executive Director |
||||||
|
b)
|
Initial notification /Amendment |
Initial |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Pulsar Group plc |
||||||
|
b)
|
LEI
|
213800PPZ4ZM8OMHGT41 |
||||||
|
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 5 pence each ("Ordinary Shares")
ISIN: GB00BGQVB052
|
||||||
|
b)
|
Nature of the transaction
|
Purchase of Ordinary Shares |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information - Aggregated volume - Price |
Purchased 13,157 shares at a price of GBP 0.38.
|
||||||
|
e)
|
Date of the transaction |
8 May 2025 |
||||||
|
f)
|
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
||||||
|
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 - Max Royde (non-executive director) |
||||||
|
b)
|
Initial notification /Amendment |
Initial |
||||||
|
3
|
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
|||||||
|
a)
|
Name
|
Pulsar Group plc |
||||||
|
b)
|
LEI
|
213800PPZ4ZM8OMHGT41 |
||||||
|
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 5 pence each ("Ordinary Shares")
ISIN: GB00BGQVB052
|
||||||
|
b)
|
Nature of the transaction
|
Purchase of Ordinary Shares |
||||||
|
c)
|
Price(s) and volume(s)
|
|
||||||
|
d)
|
Aggregated information - Aggregated volume - Price |
Purchase total 3,142,449 shares at a price of GBP 0.38.
|
||||||
|
e)
|
Date of the transaction |
8 May 2025 |
||||||
|
f)
|
Place of the transaction |
London Stock Exchange, AIM Market (XLON) |
||||||