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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
  0.00 0.0% 211.00 208.00 214.00 211.00 211.00 211.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 48.8 -20.9 -49.3 - 67

K3 Business Technology Group PLC PDMR Announcement

01/06/2021 10:46am

UK Regulatory (RNS & others)


K3 Business Technology (LSE:KBT)
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TIDMKBT

RNS Number : 4220A

K3 Business Technology Group PLC

01 June 2021

AIM: KBT

1 June 2021

K3 Business Technology Group plc

("K3", "Company" or "Group")

PDMR Announcement

K3 Business Technology Group plc received notification on 28 May 2021 from Kestrel Partners LLP ("Kestrel") that following an agreement by Kestrel to transfer its Inheritance Tax Solutions business ("KITS") to a third party, it will cease to have management control over 347,279 ordinary shares of 25p each in the Company ("Shares"). Kestrel will therefore no longer include these shares in any future notifications of its interests. In addition, it acquired, on behalf of its discretionary clients, 1,500 Shares at a price of GBP1.90 per share. The notification also included the matters set out below.

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") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in K3 Business Technology Group plc.

Following these transactions, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 8,493,379 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 2,438,080 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 10,931,459 Shares in the Company, which represents 24.44% per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 
 Holding     Nominee                      No. of shares   % of issued share 
  type                                                              capital 
             Bank of New York Nominees 
 Indirect     Ltd                             8,493,379              18.99% 
 Indirect    JIM Nominees Limited                67,302               0.15% 
             Bank of New York Nominees 
 Indirect     Ltd                             2,370,778               5.30% 
 
 

For further information contact:

 
                                                       +44 (0) 161 876 
 K3 Business Technology Group plc                       4498 
 M arco Verggani, 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) 
 
 
 
 
 
 

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 / Purchase 
       transaction 
     -----------------------  ------------------------------------------------ 
 c)   Price(s) and              Price(s)   Volume(s) 
       volume(s)                   Nil 
                                             347,279 Shares 
                                                    - 
                                              Transfer Out 
                                           ----------------- 
                                 GBP1.90    1,500 - Purchase 
                                           ----------------- 
     -----------------------  ------------------------------------------------ 
 d)   Aggregated information   Total 347,279 Shares Transfer Out at Nil Cost 
 
 
       - Aggregated             Toral purchase of 1,500 at GBP1.90 for value 
       volume                   GBP2,850. 
 
 
       - Price 
     -----------------------  ------------------------------------------------ 
 e)   Date of the              28/05/2021 
       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 rns@lseg.com or visit www.rns.com.

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END

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June 01, 2021 05:46 ET (09:46 GMT)

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