K3 Business Technology Group PLC PDMR Announcement (0495F)
November 12 2020 - 2:00AM
UK Regulatory
TIDMKBT
RNS Number : 0495F
K3 Business Technology Group PLC
12 November 2020
AIM: KBT
K3 Business Technology Group plc
("K3", "Company" or "Group")
PDMR Announcement
K3 Business Technology Group plc received notification on 10
November 2020 from Kestrel Partners LLP ("Kestrel") that on 10
November 2020 it acquired, on behalf of its discretionary clients,
68,000 ordinary shares of 25p each ("Shares") in the Company at a
price of GBP1.147794 per share. In addition, on the 03 November
2020, Kestrel transferred in the market 39,740 ordinary shares at a
price of GBP0.96 per share between accounts held by its
discretionary clients. The notification also included the matters
set out below.
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 K3 Business Technology Group
plc.
Following these transactions, Kestrel Opportunities holds (and
consequently Mr Scott is deemed to have a beneficial interest in)
7,895,241 Shares in the Company, and other clients of Kestrel, in
which Mr Scott has no beneficial interest hold 2,525,950 Shares in
the Company.
On a combined basis, Kestrel indirectly holds voting rights over
10,421,191 Shares in the Company, which represents 24.27% 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 7,893,741 18.38%
Indirect JIM Nominees Limited 415,981 0.97%
Bank of New York Nominees
Indirect Ltd 2,071,659 4.83%
Bank of New York Nominees
Indirect Ltd 36,810 0.09%
For further information contact:
+44 (0) 161 876
K3 Business Technology Group plc 4498
Adalsteinn Valdimarsson, 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)
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 and Transfer
transaction
----------------------- ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP1.147794
68,000 Shares
- Purchase
---------------
GBP0.95
39,740 Shares
-
Transfer
---------------
----------------------- ------------------------------------------------
d) Aggregated information Total 68,000 Shares @ GBP1.147794.
- Aggregated
volume
- Price
----------------------- ------------------------------------------------
e) Date of the 03/11/2020 - Transfer
transaction 10/11/2020 - Purchase
----------------------- ------------------------------------------------
f) Place of the London Stock Exchange, AIM Market (XLON)
transaction
----------------------- ------------------------------------------------
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END
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