K3 Business Technology Group PLC PDMR Announcement (6613X)
May 05 2021 - 8:43AM
UK Regulatory
TIDMKBT
RNS Number : 6613X
K3 Business Technology Group PLC
05 May 2021
AIM: KBT
05 May 2021
K3 Business Technology Group plc
("K3" or "Company")
PDMR Announcement
K3, which provides mission -- critical business software and
cloud solutions, has received notification from Kestrel Partners
LLP ("Kestrel") that on 04 May 2021 it transferred out, on behalf
of discretionary clients, 36,810 ordinary shares of 25p each
("Shares") in the Company as Kestrel no longer has discretion over
these clients' portfolio.
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").
Following these transactions, the revised shareholdings of
Kestrel are:
Shareholder Ordinary Shares Percentage of issued
share capital
Kestrel Opportunities (a client
of Kestrel) 8,491,879 18.98%
Kestrel other clients 2,785,359 6.23%
Total 11,277,238 25.21%
Further details in respect of the transaction 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 (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 Transfer Out
transaction
----------------------- ------------------------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 36,810 Shares
-
Transfer Out
--------------
----------------------- ------------------------------------------------
d) Aggregated information Total 36,810 Shares Transfer Out
- Aggregated
volume
- Price
----------------------- ------------------------------------------------
e) Date of the 04/05/2021 - Transfer
transaction
----------------------- ------------------------------------------------
f) Place of the London
transaction
----------------------- ------------------------------------------------
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END
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