RNS Number : 8086K

K3 Business Technology Group PLC

09 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 06 May 2022 it acquired, on behalf of its discretionary clients, 27,129 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 2,775,101 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 11,290,980 Shares in the Company, which represents 25.24% 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               183,664              0.41% 
           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 
                                                  +44 (0) 20 3178 
KTZ Communications                                 6378 
Katie Tzouliadis/Dan Mahoney 


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

    Details of the person discharging managerial responsibilities 
 1   / person closely associated 
a)  Name                    Kestrel Partners LLP ('Kestrel') 
    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 
    Details of the issuer, emission allowance market participant, 
 3   auction platform, auctioneer or auction monitor 
a)  Name                    K3 Business Technology Group plc 
b)  LEI                     2 13800QOJ9OF2AV81748 
    Details of the transaction(s): section to be repeated for 
 4   (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 
     type of instrument 
                             ISIN: GB00B00P6061 
b)  Nature of the           Purchase 
c)  Price(s) and            Price(s)   Volume(s) 
     volume(s)               GBP1.5 0    27,129 
d)  Aggregated information  Total purchase of 27,129 at an average of 
     - Aggregated 
     - Price 
e)  Date of the             06 May 2022 
f)  Place of the            London Stock Exchange, AIM Market (XLON) 

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(END) Dow Jones Newswires

May 09, 2022 13:13 ET (17:13 GMT)

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