PDMR Announcement

K3 Business Technology

29/05/2025 09:01

RNS Number : 5897K

K3 Business Technology Group PLC

29 May 2025

 

AIM: KBT

29 May 2025

 

K3 Business Technology Group plc

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

PDMR Announcement

K3, which provides business‐critical software solutions focused on fashion and apparel brands, has received notification from Kestrel Partners LLP ("Kestrel") that it has acquired, on behalf of its discretionary clients, 600,000 ordinary shares of 25p each ("Shares") in the Company at an average price of £0.25 per Share as a result of a warrant exercise, details of which were announced by the Company on 22 May 2025.

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 the Company.

Following these transactions, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 9,031,682 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest, hold 4,559,187 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 13,590,869 Shares in the Company, which represents 29.59% 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 type
Nominee
No. of shares
% of issued share capital
Indirect
Bank of New York Nominees Ltd
9,031,682
19.66%
Indirect
JIM Nominees Limited
316,376
0.69%
Indirect
Indirect
Bank of New York Nominees Ltd
Northern Trust Company AVFC
2,917,579
1,325,232
6.35%
2.89%


Further details in respect of the transactions are provided below, in accordance with the EU Market Abuse Regulation (No 596/2014).

 

For further information contact:

K3 Business Technology Group plc
+44 (0) 161 876 4498
Eric Dodd, CEO
Cavendish Capital Markets Limited
+44 (0) 207 220 0500
Nominated Adviser and Broker
Julian Blunt/Callum Davidson (Corporate Finance)
Sunila de Silva/Harriet Ward (Corporate Broking)
KTZ Communications
+44 (0)20 3178 6378
Katie Tzouliadis/Robert Morton


 

 

 

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 /Amendment
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 of the financial instrument, type of instrument
Identification code
25p Ordinary Shares
ISIN: GB00B00P6061
b)
Nature of the transaction
Acquisition of shares pursuant towarrant exercise
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.25
600,000 shares
d)
Aggregated information
- Aggregated volume
- Price
Total purchase of 600,000 at an average of £0.25 per Share
e)
Date of the transaction
29 May 2025
f)
Place of the transaction
London Stock Exchange, AIM Market (XLON)

 

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