Share Name Share Symbol Market Type Share ISIN Share Description
K3 Business Technology Group Plc LSE:KBT London Ordinary Share GB00B00P6061 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -9.00 -4.27% 202.00 198.00 206.00 207.00 202.00 207.00 13,582 11:54:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 48.8 -20.9 -49.3 - 64

K3 Business Technology Group PLC PDMR Announcement

05/05/2021 1:43pm

UK Regulatory (RNS & others)

K3 Business Technology (LSE:KBT)
Historical Stock Chart

From Apr 2021 to Jul 2021

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RNS Number : 6613X

K3 Business Technology Group PLC

05 May 2021


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 


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 
     -----------------------  ------------------------------------------------ 
 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 
       type of instrument 
                                ISIN: GB00B00P6061 
     -----------------------  ------------------------------------------------ 
 b)   Nature of the            Transfer Out 
     -----------------------  ------------------------------------------------ 
 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 
       - Price 
     -----------------------  ------------------------------------------------ 
 e)   Date of the              04/05/2021 - Transfer 
     -----------------------  ------------------------------------------------ 
 f)   Place of the             London 
     -----------------------  ------------------------------------------------ 

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(END) Dow Jones Newswires

May 05, 2021 08:43 ET (12:43 GMT)

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