K3 Business Technology Group PLC PDMR Announcement (5702U)

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:

 
                                                    [phone] 
 K3 Business Technology Group plc                    4498 
 Marco Vergani, CEO 
 Rob Price, CFO 
 
                                                    [phone] 
 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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April 06, 2021 11:59 ET (15:59 GMT)