LONDON (Alliance News) - Gresham Computing PLC said Kestrel Partners LLP acquired 50,000 Gresham shares at GBP1.08 each last Friday.
Kestrel is the investment manager to Kestrel Opportunities, a cell of Guernsey Portfolios PCC Ltd. Gresham Non-Executive Director Max Royde is a partner and holds a beneficial interest in Kestrel, as well as being a shareholder in Kestrel Opportunities.
Of the total, 25,000 of the shares purchased were on behalf of Kestrel Opportunities, and the remaining 25,000 shares were bought on behalf of Kestrel's other clients, in which Royde has no beneficial interest.
Kestrel Opportunities, and Royde, now hold 6.3 million shares in Gresham.
On a combined basis, Kestrel indirectly holds 6.9 million shares in Gresham, representing 11% of Gresham's issued share capital.
Shares in Gresham were untraded on Monday, last quoted at 108.00 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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