K3 Business Technology Group PLC Share Option Scheme (2036B)

TIDMKBT

RNS Number : 2036B

K3 Business Technology Group PLC

09 February 2022

9 February 2022

AIM: KBT

K3 Business Technology Group plc

("K3", "Company" or "Group")

Share Option Scheme

K3, which provides business -- critical software solutions focused on fashion and apparel brands, announces that its Remuneration Committee ("RemCo") has today granted 255,000 new options over ordinary shares of 25p each in the capital of the Company ("Share Options") to certain Persons Discharging Managerial Responsibilities ("PDMRs"). These grants have been made under the terms of the K3 Long Term Incentive Plan 2020 adopted on 12 November 2020 (the "LTIP"), and together amount to approximately 0.57% of the Company's current non-diluted issued share capital.

The Share Options awarded to each PDMR are split between Market Price Options and other LTIP Options (further details of which are set out below) as follows:

 
 Name                 Position                                Number of      Number of 
                                                           Market Price   LTIP Options 
                                                        Options awarded        awarded 
                                                      ----------------- 
                      Chief Commercial and Strategy 
 Casey Potenzone       Officer                                   40,000         87,500 
                   ---------------------------------  ----------------- 
 Julia Mueller        Chief Customer Officer                     40,000         87,500 
                   ---------------------------------  -----------------

The Market Price Options are issued on the same terms and at the same exercise price as those issued to other PDMRs of the Company on 18 June 2021 and are exercisable at a price of 204p per share.

The LTIP Options are issued on substantially the same terms and at the same exercise price (25p per share, being nominal value) as those issued to other PDMRs of the Company on 12 November 2020.

Further details in respect of the awards are provided below, in accordance with the EU Market Abuse Regulation (No 596/2014).

For further information contact:

 
                                                    +44 (0) 161 876 
 K3 Business Technology Group plc                    4498 
 Marco Vergani, CEO 
 Rob Price, CFO 
 
                                                    +44 (0) 207 220 
 finnCap Ltd                                         0500 
 Nominated Adviser and Broker 
 Julian Blunt/James Thompson (Corporate finance) 
 Richard Chambers (Corporate Broking) 
 
                                                    +44 (0) 20 3178 
 KTZ Communications                                  6378 
 Katie Tzouliadis/Dan Mahoney 
 
 
1.   Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated 
      with them ('PCA') 
a)   Name                                            Casey Potenzone 
2.   Reason for notification 
b)   Position / status                               Chief Commercial and Strategy Officer 
c)   Initial notification / amendment                Initial Notification 
3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
b)   Name                                            K3 Business Technology Group plc 
c)   LEI                                             213800QOJ9OF2AV81748 
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         Options over ordinary shares of 25p each 
      Identification code                             GB00B00P6061 
b)   Nature of the transaction                       Award of Options under the K3 LTIP 
c)   Price(s) and volume(s)                           127,500 Options awarded 
d)   Aggregated information                          n/a 
      Aggregated volume Price 
e)   Date of the transaction                         9 February 2022 
f)   Place of the transaction                        Outside a trading venue 
 
 
1.   Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated 
      with them ('PCA') 
a)   Name                                            Julia Mueller 
2.   Reason for notification 
b)   Position / status                               Chief Customer Officer 
c)   Initial notification / amendment                Initial Notification 
3.   Details of the issuer, emission allowance market participant, auction platform, auctioneer 
      or auction monitor 
b)   Name                                            K3 Business Technology Group plc 
c)   LEI                                             213800QOJ9OF2AV81748 
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         Options over ordinary shares of 25p each 
      Identification code                             GB00B00P6061 
b)   Nature of the transaction                       Award of Options under the K3 LTIP 
c)   Price(s) and volume(s)                          127,500 Options awarded 
d)   Aggregated information                          n/a 
      Aggregated volume Price 
e)   Date of the transaction                         9 February 2022 
f)   Place of the transaction                        Outside a trading venue

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END

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February 09, 2022 10:00 ET (15:00 GMT)

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