TIDMKBT

RNS Number : 1566K

K3 Business Technology Group PLC

03 May 2022

AIM: KBT

03 May 2022

K3 Business Technology Group plc

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

PDMR Announcement

K3, which provides business -- critical software solutions focused on fashion and apparel brands, has received notification from Kestrel Partners LLP ("Kestrel") that on 29 April 2022 it acquired, on behalf of its discretionary clients, 1,455 ordinary shares of 25p each ("Shares") in the Company at an average price of GBP1.50 per Share.

Mr Scott, a non-executive director of K3, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in the Company.

Following these transactions, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 8,515,879 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest, hold 2,747,972 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 11,263,851 Shares in the Company, which represents 25.18% per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 
 Holding     Nominee                         No. of shares   % of issued share 
  type                                                                 capital 
             Bank of New York Nominees 
 Indirect     Ltd                                8,515,879              19.04% 
 Indirect    JIM Nominees Limited                  156,535               0.35% 
             Bank of New York Nominees 
 Indirect     Ltd                                2,591,437               5.79% 
 
 
 
 

Further details in respect of the purchase 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/ Sunila de Silva (Corporate 
  Broking) 
 
                                                    +44 (0) 20 3178 
 KTZ Communications                                  6378 
 Katie Tzouliadis/Dan Mahoney 
 

ANNEX

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                     Kestrel Partners LLP ('Kestrel') 
     -----------------------  ------------------------------------------------- 
 2    Reason for the notification 
     -------------------------------------------------------------------------- 
 a)   Position/status          PCA - Oliver Rupert Andrew Scott (non-executive 
                                director of K3 Business Technology Group plc 
                                and Partner in Kestrel) 
     -----------------------  ------------------------------------------------- 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                     K3 Business Technology Group plc 
     -----------------------  ------------------------------------------------- 
 b)   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              25p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
                                ISIN: GB00B00P6061 
       Identification 
       code 
     -----------------------  ------------------------------------------------- 
 b)   Nature of the            Purchase 
       transaction 
     -----------------------  ------------------------------------------------- 
 c)   Price(s) and              Price(s)    Volume(s) 
       volume(s)                 GBP1.50       1,455 
                                            ---------- 
     -----------------------  ------------------------------------------------- 
 d)   Aggregated information   Total purchase of 1,455 at an average of GBP1.50 
 
 
       - Aggregated 
       volume 
 
 
       - Price 
     -----------------------  ------------------------------------------------- 
 e)   Date of the              29 April 2022 
       transaction 
     -----------------------  ------------------------------------------------- 
 f)   Place of the             London Stock Exchange, AIM Market (XLON) 
       transaction 
     -----------------------  ------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHGZGGKDFDGZZM

(END) Dow Jones Newswires

May 03, 2022 10:07 ET (14:07 GMT)

K3 Business Technology (LSE:KBT)
Graphique Historique de l'Action
De Juin 2022 à Juil 2022 Plus de graphiques de la Bourse K3 Business Technology
K3 Business Technology (LSE:KBT)
Graphique Historique de l'Action
De Juil 2021 à Juil 2022 Plus de graphiques de la Bourse K3 Business Technology