REG - K3 Bus Tech Grp PLC - PDMR Announcement

K3 Business TechnologyAnnouncement

15/01/2024 10:00

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RNS Number : 7009Z  K3 Business Technology Group PLC  15 January 2024

AIM: KBT

15 January 2024

 

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 on 12 January 2024 it acquired, on behalf of its
discretionary clients, 38,000 ordinary shares of 25p each ("Shares") in the
Company at an average price of £1.0916 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) 8,566,468 Shares in the
Company, and other clients of Kestrel, in which Mr Scott has no beneficial
interest, hold 4,172,134 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 12,738,602
Shares in the Company, which represents 28.48% 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     8,566,468      19.15%
 Indirect      JIM Nominees Limited              316,376        0.71%
 Indirect      Bank of New York Nominees Ltd     2,672,003      5.97%

 Indirect      Northern Trust Company AVFC       1,183,755      2.65%

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
 Eric Dodd, CFO

 Cavendish Securities plc                          +44 (0) 207 220 0500
 Nominated Adviser and Broker
 Julian Blunt/Dan Hodkinson (Corporate Finance)
 Sunila de Silva/Harriet Ward (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  25p Ordinary Shares

      Identification code

                                                                   ISIN: GB00B00P6061
 b)   Nature of the transaction                                    Purchase
 c)   Price(s) and volume(s)                                       12 January 2024

                                                            Price(s)  Volume(s)
                                                                   £1.0916   38,000 shares

 d)   Aggregated information                                       Total purchase of 38,000 at an average of £1.0916 per Share

      - Aggregated volume

      - Price
 e)   Date of the transaction                                      12 January 2024

 f)   Place of the transaction                                     London Stock Exchange, AIM Market (XLON)

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

Total purchase of 38,000 at an average of £1.0916 per Share

 

 

 

e)

 

Date of the transaction

12 January 2024

f)

 

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

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