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Pulsar Group Discloses Kestrel-Linked Share Transfer, Confirms 28.5% Voting Control

Story Highlights
  • Pulsar Group disclosed that 31,500 shares linked to director Max Royde were moved out of Kestrel Partners’ discretionary control, with beneficial ownership unchanged.
  • After the transfer, Kestrel-related entities retain indirect voting rights over about 28.5% of Pulsar’s shares, reinforcing their significant influence on the company’s governance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pulsar Group Discloses Kestrel-Linked Share Transfer, Confirms 28.5% Voting Control

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The latest update is out from Access Intelligence ( (GB:PULS) ).

Pulsar Group plc reported a change in the shareholdings associated with non-executive director Max Royde, after 31,500 ordinary shares were transferred out of Kestrel Partners LLP’s discretionary management as part of a client portfolio rearrangement, without changing the underlying beneficial ownership. Royde, a partner in Kestrel and investor in the Kestrel Opportunities Fund, is deemed to hold a beneficial interest in Kestrel Opportunities’ entire stake in Pulsar.

Following the transaction, Kestrel Opportunities continues to hold 20,227,082 Pulsar shares, while other Kestrel discretionary clients hold 18,450,160 shares, giving Kestrel indirect voting control over 38,677,242 shares, or about 28.52% of Pulsar’s voting rights. The disclosure under market abuse regulations underscores the significant and continuing influence of Kestrel-related holdings on Pulsar’s shareholder base and corporate governance dynamics.

The most recent analyst rating on (GB:PULS) stock is a Hold with a £35.00 price target. To see the full list of analyst forecasts on Access Intelligence stock, see the GB:PULS Stock Forecast page.

Spark’s Take on PULS Stock

According to Spark, TipRanks’ AI Analyst, PULS is a Neutral.

Access Intelligence faces significant challenges with profitability and cash flow, as reflected in its financial performance score. Technical analysis indicates bearish momentum, with the stock trading below key moving averages. The valuation is unattractive due to a negative P/E ratio and no dividend yield. These factors collectively contribute to a low overall stock score.

To see Spark’s full report on PULS stock, click here.

More about Access Intelligence

Pulsar Group plc, listed on AIM under the ticker PULS, operates in the media and communications intelligence sector following its rebrand from Access Intelligence. The company provides software and data-driven solutions that help organisations monitor, analyse, and manage media, marketing, and audience engagement, with a focus on serving corporate, agency, and public-sector clients.

Average Trading Volume: 229,935

Technical Sentiment Signal: Sell

Current Market Cap: £59.66M

Learn more about PULS stock on TipRanks’ Stock Analysis page.

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