REG - K3 Bus Tech Grp PLC - PDMR Announcement

K3 Business TechnologyAnnouncement

04/10/2021 15:05

RNS Number : 9502N
  
K3 Business Technology Group PLC
  
04 October 2021
  
 

AIM: KBT
04 October 2021
 
K3 Business Technology Group plc
("K3", "Company" or "Group")
PDMR Announcement
K3, which provides mission‐critical business software and cloud solutions, has received notification from Kestrel Partners LLP ("Kestrel") that on 01 October 2021 it acquired, on behalf of its discretionary clients, 17,655 ordinary shares of 25p each ("Shares") in the Company at a price of £1.7572 per Share. 
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) 8,505,879 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest, hold 2,572,850 Shares in the Company.
On a combined basis, Kestrel indirectly holds voting rights over 11,078,729 Shares in the Company, which represents 24.77% 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


8,505,879


19.02%




Indirect


JIM Nominees Limited


189,572


0.41%




Indirect


Bank of New York Nominees Ltd


2,383,278


5.33%





















 
Further details in respect of the purchase 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




Marco Vergani, CEO








Rob Price, CFO


















finnCap Ltd


+44 (0) 207 220 0500




Nominated Adviser and Broker






 




Julian Blunt/James Thompson (Corporate finance)






 




Richard Chambers (Corporate Broking)






 












 




KTZ Communications


+44 (0) 20 3178 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 /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 
 
 


Purchase








c) 
 


Price(s) and volume(s) 
 
 





Price(s)
 


Volume(s)




£1.757168


17,655 - Purchase



 
 




d) 
 


Aggregated information 
 
 
- Aggregated volume 
 
 
- Price 
 
 


Total purchase of 17,655 at £1.757168 for value £31,022.80 
 
 
 




e) 
 


Date of the transaction 
 
 


01/10/2021  




f) 
 


Place of the transaction 
 
 


London Stock Exchange, AIM Market (XLON)



 

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