K3 Business Technology Group PLC PDMR Announcement (6613X)

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:

 
                                                    [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) 
 
                                                    [phone] 
 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 
     -----------------------  ------------------------------------------------ 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFZGGKZKLGMZM

(END) Dow Jones Newswires

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