Directors’ Dealings
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Pulsar Group plc (AIM: PULS) received notification on 30 September 2024 from Kestrel Partners LLP ("Kestrel") that on 27 September 2024 Kestrel purchased, on behalf of its discretionary client accounts, an aggregate of 95,659 ordinary shares of 5 pence each ("Ordinary Shares") in the Company at an average price of £0.6109 per Ordinary Share.
Following this transaction, Kestrel Opportunities holds (and consequently Mr Royde is deemed to have a beneficial interest in) 18,085,921 Ordinary Shares in the Company, and other clients of Kestrel, in which Mr Royde has no beneficial interest hold 17,697,915 Ordinary Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 35,783,836 Ordinary Shares in the Company, which represents 28.02 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 O rdinary S hares | % of total voting rights |
| Indirect | Bank of New York Nominees Ltd | 18,085,921 | 14.16% |
| Indirect | JIM Nominees Limited | 2,385,250 | 1.87% |
| Indirect | Bank of New York Nominees Ltd | 9,423,817 | 7.38% |
| Indirect | Northern Trust Company AVFC | 5,888,848 | 4.61% |
| 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 | |
| a) | Name | Pulsar Group plc | |
| b) | LEI | 213800PPZ4ZM8OMHGT41 | |
| 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) | 27 September 2024 Price(s) Volume(s) 0.6012 50,000 shares 27 September 2024 Price(s) Volume(s) 0.6203 45,659 shares | |
| d) | Aggregated information - Aggregated volume - Price | Purchase total 95,659 shares at an average price of GBP 0.6109 . | |
| e) | Date of the transaction | 27 September 2024 | |
| f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |
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