RNS Number : 2173N
K3 Business Technology Group PLC
17 June 2025
K3 Business Technology Group plc
("K3", "Company" or "Group")
PDMR Announcement
K3 Business Technology Group plc ("K3" or the "Company"), which provides business‐critical software solutions focused on fashion and apparel brands, has received notification from Mr Oliver Scott, Chair of K3, of the following Kestrel intra-client transfers in the ordinary shares of 25p each in K3 ("Shares") on 13 June 2025 at a price of 68.99p per share. Mr Scott is deemed to have had an interest in these transactions as described below.
Mr. Scott is a partner of, and holds a beneficial interest in, Kestrel Partners LLP ("Kestrel").
Kestrel transferred 13,274,493 Shares in K3 held by certain Kestrel clients to certain other Kestrel clients. As part of this transaction, Kestrel Opportunities ("KOF") transferred out its entire holding of 9,031,682 Shares. Mr Scott is a shareholder in KOF and was therefore deemed to have had an indirect beneficial interest in KOF's entire legal holding in K3. Following this transfer Mr Scott will no longer have any indirect beneficial interest in K3 via KOF. However, Mr Scott now has a direct beneficial interest in one of the Kestrel clients that is receiving 355,360 Shares in K3 as a result of these transfers.
Following these transfers, on a combined basis, Kestrel's interest in K3 remains unchanged and it continues to control voting rights over 13,587,284 Shares, representing 29.58% of the Company's issued share capital.
In addition to this, Mr Scott continues to hold an indirect beneficial interest via a family trust in 3,585 K3 Shares representing 0.01% of the Company's issued share capital.
Following the transfers described above, Kestrel's voting rights over the Shares of the Company are held through the following nominees:
Holding type
Nominee
No. of shares
% of issued share capital
Indirect
APEX Group Nominees
12,919,133
28.13%
Direct
APEX Group Nominees
355,360
0.77%
Indirect
JIM Nominees Limited
316,376
0.69%
Further details in respect of the transfer 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 (Chair 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
Intra-client transfers.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
£0.6899
13,274,493 shares
d)
Aggregated information
As above.
e)
Date of the transaction
13 June 2025
f)
Place of the transaction
London Stock Exchange
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.
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
DSHBBGDLCDBDGUR
