K3 Capital Group PLC Director/PDMR Shareholding (4190B)

TIDMK3C

RNS Number : 4190B

K3 Capital Group PLC

06 June 2019

K3 CAPITAL GROUP PLC

("K3", the "Company" and including its subsidiaries, the "Group")

Director/PDMR Dealing

K3 Capital Group plc, a leading business and company sales specialist in the UK, announces that Elizabeth Ford, wife of Tony Ford, Executive Vice Chairman of the Company, and Stuart Lees, Executive Director of the Company, have purchased 50,000 and 38,000 ordinary shares of 1 penny each in the Company ("Ordinary Shares") at average prices of 127.25 pence per Ordinary Share and 133.78 pence per Ordinary Share respectively (the "Purchases").

Following the Purchases, Tony Ford, together with his connected persons, has a total interest over 6,347,895 Ordinary Shares, representing 15.04 per cent. of the Company's issued share capital and Stuart Lees has an interest over 688,125 Ordinary Shares, representing 1.63 per cent. of the Company's issued share capital.

For further information please contact:

 
 K3 Capital Group plc                        Tel: c/o Newgate 020 
                                              7680 6550 
 John Rigby, Chief Executive Officer         www.k3capitalgroupplc.com 
 Andrew Melbourne, Chief Financial Officer 
 
 finnCap Ltd (Nominated Adviser and Sole     Tel: [phone] 
  Broker) 
 Jonny Franklin-Adams, Anthony Adams 
  (Corporate Finance) 
 Tim Redfern, Richard Chambers (ECM) 
 
 Newgate Communications Ltd (Financial       Tel: [phone] 
  PR) 
 Alistair Kellie, Bob Huxford                [e-mail] 
 

Concert Party

Tony Ford, John Rigby, Andrew Melbourne, Simon Daniels, Matthew Clancy and Stuart Lees, together with their respective families and other connected persons are deemed to be acting in concert and regarded by the Takeover Panel to be members of the concert party detailed in the Company's admission document dated 6 April 2017 ("Admission Document") (the "Concert Party"). Following the Purchase, the Concert Party will remain the holders in aggregate of not less than 30 per cent., but not more than 50 per cent. of the Company's issued share capital. Ordinarily, should any member of the Concert Party or any person acting in concert with any member of the Concert Party acquire an interest in any shares (excluding the exercise of existing options granted to Andrew Melbourne, detailed in the Company's Admission Document) which increases the percentage of shares carrying voting rights in such company in which the Concert Party (or any person acting in concert with the Concert Party) is interested, that person together with people acting in concert with that person will be required to make a general offer in cash to all shareholders in the Company, at the highest price paid by that person or any person acting in concert with that person for an interest in such shares within the preceding 12 months, for all the remaining equity share capital of that Company. However, in accordance with Note 11 on Rule 9.1 of the City Code on Takeovers and Mergers, if a person or a group of persons acting in concert carrying more than 30 per cent. of the voting rights of a company reduces its interest but not to less than 30 per cent, such person or persons may subsequently acquire an interest of up to one per cent. in further shares in the 12 months following the reduction without incurring an obligation to make a general offer.

The respective holdings of each Concert Party member (showing the resultant shareholdings of Tony Ford and Stuart Less following the Purchase) are outlined in the table below:

 
 Director/PDMR       Shareholding   % Issued 
                                     Share Capital 
 Tony Ford              6,347,895            15.04 
                    -------------  --------------- 
 John Rigby             7,597,895            18.00 
                    -------------  --------------- 
 Andrew Melbourne         464,802             1.10 
                    -------------  --------------- 
 Simon Daniels          2,535,100             6.01 
                    -------------  --------------- 
 Matthew Clancy         1,267,550             3.00 
                    -------------  --------------- 
 Stuart Lees              688,125             1.63 
                    -------------  --------------- 
 Total                 18,901,367           44.78% 
                    -------------  --------------- 
 

K3 Capital Group trades on the London Stock Exchange (AIM: K3C.L), having listed on 11 April 2017. Please visit www.k3capitalgroupplc.com for more information.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Elizabeth Ford, wife of 
                                                  Tony Ford - Executive 
                                                  Vice Chairman 
     -----------------------------------------  --------------------------------------------- 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------------------- 
 a)   Position/status:                           PCA 
     -----------------------------------------  --------------------------------------------- 
 b)   Initial notification/Amendment:            Initial Notification 
     -----------------------------------------  --------------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------------------- 
 a)   Name:                                      K3 Capital Group plc 
     -----------------------------------------  --------------------------------------------- 
 b)   LEI:                                       21380043EWYIWISOAN87 
     -----------------------------------------  --------------------------------------------- 
 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 1 penny 
       type of instrument:                        per share 
       Identification code:                       GB00BF1HPD20 
     -----------------------------------------  --------------------------------------------- 
 b)   Nature of the transaction:                 Purchase of Ordinary Shares 
     -----------------------------------------  --------------------------------------------- 
 c)   Price(s) and volume(s):                      Price(s)     Volume(s) 
                                                    GBP1.2725    50,000 
                                                                ---------- 
     -----------------------------------------  --------------------------------------------- 
 d)   Aggregated information:                    Single transaction as 
       -- Aggregated volume:                      in 4 c) above Price(s)    Volume(s)   Value 
       -- Price:                                   GBP1.2725   50,000      GBP63,625 
                                                              ----------  ---------- 
     -----------------------------------------  --------------------------------------------- 
 e)   Date of the transaction:                   05/06/2019 
     -----------------------------------------  --------------------------------------------- 
 f)   Place of the transaction:                  London Stock Exchange, 
                                                  AIM (XLON) 
     -----------------------------------------  --------------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                      Stuart Lees 
     -----------------------------------------  --------------------------------------- 
 2.   Reason for the notification 
     ---------------------------------------------------------------------------------- 
 a)   Position/status:                           Executive Director 
     -----------------------------------------  --------------------------------------- 
 b)   Initial notification/Amendment:            Initial Notification 
     -----------------------------------------  --------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------------------- 
 a)   Name:                                      K3 Capital Group plc 
     -----------------------------------------  --------------------------------------- 
 b)   LEI:                                       21380043EWYIWISOAN87 
     -----------------------------------------  --------------------------------------- 
 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 1 penny 
       type of instrument:                        per share 
       Identification code:                       GB00BF1HPD20 
     -----------------------------------------  --------------------------------------- 
 b)   Nature of the transaction:                 Purchase of Ordinary Shares 
     -----------------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s):                      Price(s)     Volume(s) 
                                                    GBP1.3157    28,125 

                                                     GBP1.40      10,000 
                                                                ---------- 
     -----------------------------------------  --------------------------------------- 
 d)   Aggregated information:                     Price(s)    Volume(s)   Value 
       -- Aggregated volume:                       GBP1.3378   38,125      GBP51,003.63 
       -- Price:                                              ----------  ------------- 
     -----------------------------------------  --------------------------------------- 
 e)   Date of the transaction:                   06/05/2019 
     -----------------------------------------  --------------------------------------- 
 f)   Place of the transaction:                  London Stock Exchange, 
                                                  AIM (XLON) 
     -----------------------------------------  --------------------------------------- 
 

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.

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June 06, 2019 09:09 ET (13:09 GMT)