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LONDON - Pulsar Group PLC (AIM: PULS) has reported a substantial transaction by Kestrel Partners LLP, involving the purchase of 100,000 ordinary shares at an average price of £0.4785 each. This transaction took place on Monday and was disclosed to the company on Sunday.
The purchase by Kestrel Partners, on behalf of its discretionary client accounts, increases its aggregate holding in Pulsar Group to 35,957,245 ordinary shares. This represents 28.16% of the total voting rights in the company, a significant stake by any measure. Notably, Mr. Royde, a partner at Kestrel, is deemed to have a beneficial interest in these shares due to his association with Kestrel Opportunities.
Kestrel's holdings are managed through several nominees, including Bank of New York Nominees Ltd and Northern Trust (NASDAQ:NTRS) Company AVFC, which together account for a majority of the shares held indirectly by Kestrel.
The transaction was conducted on the London Stock Exchange (LON:LSEG)'s AIM Market, a venue for smaller, growing companies to access capital from the public market. This move by Kestrel Partners could be indicative of their confidence in the future performance of Pulsar Group.
Investors and market watchers often pay close attention to such dealings, as they can provide insights into the sentiments of significant stakeholders about the company's value and prospects.
The information for this article is based on a press release statement from Pulsar Group PLC.
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