K3 Capital Group PLC Director/PDMR Shareholding (4190B)
June 06 2019 - 9:09AM
UK Regulatory
TIDMK3C
RNS Number : 4190B
K3 Capital Group PLC
06 June 2019
K3 CAPITAL GROUP PLC
("K3", the "Company" and including its subsidiaries, the
"Group")
Director/PDMR Dealing
K3 Capital Group plc, a leading business and company sales
specialist in the UK, announces that Elizabeth Ford, wife of Tony
Ford, Executive Vice Chairman of the Company, and Stuart Lees,
Executive Director of the Company, have purchased 50,000 and 38,000
ordinary shares of 1 penny each in the Company ("Ordinary Shares")
at average prices of 127.25 pence per Ordinary Share and 133.78
pence per Ordinary Share respectively (the "Purchases").
Following the Purchases, Tony Ford, together with his connected
persons, has a total interest over 6,347,895 Ordinary Shares,
representing 15.04 per cent. of the Company's issued share capital
and Stuart Lees has an interest over 688,125 Ordinary Shares,
representing 1.63 per cent. of the Company's issued share
capital.
For further information please contact:
K3 Capital Group plc Tel: c/o Newgate 020
7680 6550
John Rigby, Chief Executive Officer www.k3capitalgroupplc.com
Andrew Melbourne, Chief Financial Officer
finnCap Ltd (Nominated Adviser and Sole Tel: 020 7220 0500
Broker)
Jonny Franklin-Adams, Anthony Adams
(Corporate Finance)
Tim Redfern, Richard Chambers (ECM)
Newgate Communications Ltd (Financial Tel: 020 7680 6550
PR)
Alistair Kellie, Bob Huxford k3capital@newgatecomms.com
Concert Party
Tony Ford, John Rigby, Andrew Melbourne, Simon Daniels, Matthew
Clancy and Stuart Lees, together with their respective families and
other connected persons are deemed to be acting in concert and
regarded by the Takeover Panel to be members of the concert party
detailed in the Company's admission document dated 6 April 2017
("Admission Document") (the "Concert Party"). Following the
Purchase, the Concert Party will remain the holders in aggregate of
not less than 30 per cent., but not more than 50 per cent. of the
Company's issued share capital. Ordinarily, should any member of
the Concert Party or any person acting in concert with any member
of the Concert Party acquire an interest in any shares (excluding
the exercise of existing options granted to Andrew Melbourne,
detailed in the Company's Admission Document) which increases the
percentage of shares carrying voting rights in such company in
which the Concert Party (or any person acting in concert with the
Concert Party) is interested, that person together with people
acting in concert with that person will be required to make a
general offer in cash to all shareholders in the Company, at the
highest price paid by that person or any person acting in concert
with that person for an interest in such shares within the
preceding 12 months, for all the remaining equity share capital of
that Company. However, in accordance with Note 11 on Rule 9.1 of
the City Code on Takeovers and Mergers, if a person or a group of
persons acting in concert carrying more than 30 per cent. of the
voting rights of a company reduces its interest but not to less
than 30 per cent, such person or persons may subsequently acquire
an interest of up to one per cent. in further shares in the 12
months following the reduction without incurring an obligation to
make a general offer.
The respective holdings of each Concert Party member (showing
the resultant shareholdings of Tony Ford and Stuart Less following
the Purchase) are outlined in the table below:
Director/PDMR Shareholding % Issued
Share Capital
Tony Ford 6,347,895 15.04
------------- ---------------
John Rigby 7,597,895 18.00
------------- ---------------
Andrew Melbourne 464,802 1.10
------------- ---------------
Simon Daniels 2,535,100 6.01
------------- ---------------
Matthew Clancy 1,267,550 3.00
------------- ---------------
Stuart Lees 688,125 1.63
------------- ---------------
Total 18,901,367 44.78%
------------- ---------------
K3 Capital Group trades on the London Stock Exchange (AIM:
K3C.L), having listed on 11 April 2017. Please visit
www.k3capitalgroupplc.com for more information.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Elizabeth Ford, wife of
Tony Ford - Executive
Vice Chairman
----------------------------------------- ---------------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status: PCA
----------------------------------------- ---------------------------------------------
b) Initial notification/Amendment: Initial Notification
----------------------------------------- ---------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------------
a) Name: K3 Capital Group plc
----------------------------------------- ---------------------------------------------
b) LEI: 21380043EWYIWISOAN87
----------------------------------------- ---------------------------------------------
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, Ordinary shares of 1 penny
type of instrument: per share
Identification code: GB00BF1HPD20
----------------------------------------- ---------------------------------------------
b) Nature of the transaction: Purchase of Ordinary Shares
----------------------------------------- ---------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP1.2725 50,000
----------
----------------------------------------- ---------------------------------------------
d) Aggregated information: Single transaction as
-- Aggregated volume: in 4 c) above Price(s) Volume(s) Value
-- Price: GBP1.2725 50,000 GBP63,625
---------- ----------
----------------------------------------- ---------------------------------------------
e) Date of the transaction: 05/06/2019
----------------------------------------- ---------------------------------------------
f) Place of the transaction: London Stock Exchange,
AIM (XLON)
----------------------------------------- ---------------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Stuart Lees
----------------------------------------- ---------------------------------------
2. Reason for the notification
----------------------------------------------------------------------------------
a) Position/status: Executive Director
----------------------------------------- ---------------------------------------
b) Initial notification/Amendment: Initial Notification
----------------------------------------- ---------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name: K3 Capital Group plc
----------------------------------------- ---------------------------------------
b) LEI: 21380043EWYIWISOAN87
----------------------------------------- ---------------------------------------
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, Ordinary shares of 1 penny
type of instrument: per share
Identification code: GB00BF1HPD20
----------------------------------------- ---------------------------------------
b) Nature of the transaction: Purchase of Ordinary Shares
----------------------------------------- ---------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP1.3157 28,125
GBP1.40 10,000
----------
----------------------------------------- ---------------------------------------
d) Aggregated information: Price(s) Volume(s) Value
-- Aggregated volume: GBP1.3378 38,125 GBP51,003.63
-- Price: ---------- -------------
----------------------------------------- ---------------------------------------
e) Date of the transaction: 06/05/2019
----------------------------------------- ---------------------------------------
f) Place of the transaction: London Stock Exchange,
AIM (XLON)
----------------------------------------- ---------------------------------------
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END
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