K3 Business Technology Group PLC PDMR Announcement (8029I)

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RNS Number : 8029I

K3 Business Technology Group PLC

03 April 2020

AIM: KBT

3 April 2020

K3 Business Technology Group plc

("K3" or "Company")

PDMR Announcement

K3, which provides mission--critical business software, cloud solutions and managed services, has received notifications from Oliver Scott (non-executive director of the Company, and a partner in Kestrel Partners LLP) of the following transactions in respect of ordinary shares of 25p each in the capital of the Company ("Ordinary Shares")

a. As announced by the Company on 1 April 2020, clients of Kestrel Partners LLP acquired on 31 March 2020 an aggregate total of 600,000 warrants to subscribe for Ordinary Shares, exercisable at a price of GBP0.25 per Ordinary Share and within a period of 10 years ("Warrants");

b. Kestrel Partners LLP further acquired 270,000 Ordinary Shares at a price of GBP0.75 per Ordinary Share on 1 April 2020, and 50,000 Ordinary Shares at a price of GBP0.80 per Ordinary Share on 3 April 2020 (the "Purchases").

Following the Purchases Kestrel Partners LLP is now interested in 10,354,591 Ordinary Shares representing 24.11% of the total voting rights of the Company, and 600,000 Warrants.

The Company makes the below announcement and notification in accordance with the EU Market Abuse Regulation (No 596/2014) in respect of the Purchases:

Enquiries:

 
 K3 Business Technology     Adalsteinn Valdimarsson,  T: 0161 876 4498 
  Group plc                                      CEO 
                                      Rob Price, CFO 
finnCap Limited (NOMAD   Julian Blunt/James Thompson  T: 020 7220 0500 
 & Broker)                       (Corporate Finance) 
                           Camille Gochez (Corporate 
                                            Broking) 
KTZ Communications              Katie Tzouliadis/Dan  T: 020 3178 6378 
                                             Mahoney 
 
 
1.  Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated 
     with them ('PCA') 
a)  Name                                     Oliver Scott 
2.  Reason for notification 
b)  Position / status                        Non-executive director 
c)  Initial notification / amendment         Initial Notification 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
b)  Name                                     K3 Business Technology Group plc 
c)  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 of the financial instrument  Warrants over ordinary shares of 25p each, exercisable at nominal value 
 
 
     Identification code                      n/a 
b)  Nature of the transaction                grant of warrants to Kestrel Partners LLP clients in connection with loan 
                                             funding arrangement 
c)  Price(s) and volume(s)                    Volume: 600,000 
                                               Price: n/a 
d)  Aggregated information                   n/a 
     Aggregated volume Price 
e)  Date of the transaction                  31 March 2020 
f)  Place of the transaction                 Outside a trading venue 
 
 
1.  Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated 
     with them ('PCA') 
a)  Name                                     Oliver Scott 
2.  Reason for notification 
b)  Position / status                        Non-executive director 
c)  Initial notification / amendment         Initial Notification 
3.  Details of the issuer, emission allowance market participant, auction platform, auctioneer 
     or auction monitor 
b)  Name                                     K3 Business Technology Group plc 
c)  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 of the financial instrument  ordinary shares of 25p each 
     Identification code 
                                              GB00B00P6061 
b)  Nature of the transaction                Acquisition of ordinary shares of 25p each by Kestrel Partners LLP 
c)  Price(s) and volume(s)                    Volume: 320,000 
                                              Price: 270,000 Ordinary Shares at 75p per Ordinary Shares and 50,000 
                                              Ordinary Shares at 80p 
                                              per Ordinary Share 
d)  Aggregated information                   n/a 
     Aggregated volume Price 
e)  Date of the transaction                  1 April 2020 and 3 April 2020 
f)  Place of the transaction                 London Stock Exchange, AIM Market (XLON) 
 

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April 03, 2020 12:08 ET (16:08 GMT)