K3 Business Technology Group PLC PDMR Announcement (5702U)
April 06 2021 - 11:59AM
UK Regulatory
TIDMKBT
RNS Number : 5702U
K3 Business Technology Group PLC
06 April 2021
AIM: KBT
6 April 2021
K3 Business Technology Group plc
("K3", "Company" or "Group")
PDMR Announcement
K3 Business Technology Group plc received notification from
Kestrel Partners LLP ("Kestrel") that on 30 March 2021 Kestrel
transferred in the market 1,400 ordinary shares of 25p each
("Shares") in the Company at a price of GBP1.74 per Share between
accounts held by its discretionary clients.
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").
The Share transfer does not change Kestrel's overall holding of
Shares in the Company which, following completion of the issue of
Shares to Kestrel announced by the Company on 30 March 2021, will
be as follows:
Shareholder Ordinary Shares Percentage of issued
share capital
Kestrel Opportunities (a client
of Kestrel) 8,491,879 18.98%
Kestrel other clients 2,822,169 6.31%
Total 11,314,048 25.29%
The Company makes the below announcement and notification in
accordance with the EU Market Abuse Regulation (No 596/2014) in
respect of the above transaction:
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)
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 Transfer
transaction
----------------------- ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) GBP1.74 1,400
----------
----------------------- ------------------------------------------------
d) Aggregated information 1,400 Shares @ GBP1.74
- Aggregated
volume
- Price
----------------------- ------------------------------------------------
e) Date of the 30 March 2021
transaction
----------------------- ------------------------------------------------
f) Place of the London Stock Exchange, AIM Market (XLON)
transaction
----------------------- ------------------------------------------------
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END
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