REG - K3 Bus Tech Grp PLC - PDMR Announcement

K3 Business TechnologyAnnouncement

17/06/2025 12:45

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250617:nRSQ2173Na&default-theme=true

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  25p Ordinary Shares

      Identification code

                                                                   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

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHBBGDLCDBDGUR