REG - K3 Bus Tech Grp PLC - Share Option Scheme

K3 Business TechnologyAnnouncement

09/02/2022 15:05

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220209:nRSI2036Ba&default-theme=true

RNS Number : 2036B  K3 Business Technology Group PLC  09 February 2022

 

9 February 2022

AIM: KBT

 

K3 Business Technology Group plc

 

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

 

Share Option Scheme

 

K3, which provides business‐critical software solutions focused on fashion
and apparel brands, announces that its Remuneration Committee ("RemCo") has
today granted 255,000 new options over ordinary shares of 25p each in the
capital of the Company ("Share Options") to certain Persons Discharging
Managerial Responsibilities ("PDMRs"). These grants have been made under the
terms of the K3 Long Term Incentive Plan 2020 adopted on 12 November 2020 (the
"LTIP"), and together amount to approximately 0.57% of the Company's current
non-diluted issued share capital.

 

The Share Options awarded to each PDMR are split between Market Price Options
and other LTIP Options (further details of which are set out below) as
follows:

 

 Name             Position                               Number of                      Number of

                                                         Market Price Options awarded   LTIP Options awarded
 Casey Potenzone  Chief Commercial and Strategy Officer  40,000                         87,500

 Julia Mueller    Chief Customer Officer                 40,000                         87,500

 

The Market Price Options are issued on the same terms and at the same exercise
price as those issued to other PDMRs of the Company on 18 June 2021 and are
exercisable at a price of 204p per share.

 

The LTIP Options are issued on substantially the same terms and at the same
exercise price (25p per share, being nominal value) as those issued to other
PDMRs of the Company on 12 November 2020.

Further details in respect of the awards 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

 

 

 

 1.   Details of Persons Discharging Managerial Responsibilities "PDMR" / person
     closely associated with them ('PCA')
 a)   Name                                      Casey Potenzone
 2.   Reason for notification
 b)   Position / status                         Chief Commercial and Strategy Officer
 c)   Initial notification / amendment          Initial Notification
 3.   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 b)   Name                                      K3 Business Technology Group plc
 c)   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   Options over ordinary shares of 25p each

      Identification code                        GB00B00P6061
 b)   Nature of the transaction                 Award of Options under the K3 LTIP
 c)   Price(s) and volume(s)                     127,500 Options awarded
 d)   Aggregated information                    n/a

     Aggregated volume Price
 e)   Date of the transaction                   9 February 2022
 f)   Place of the transaction                  Outside a trading venue

 

 

 

 1.   Details of Persons Discharging Managerial Responsibilities "PDMR" / person
     closely associated with them ('PCA')
 a)   Name                                      Julia Mueller
 2.   Reason for notification
 b)   Position / status                         Chief Customer Officer
 c)   Initial notification / amendment          Initial Notification
 3.   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 b)   Name                                      K3 Business Technology Group plc
 c)   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   Options over ordinary shares of 25p each

      Identification code                        GB00B00P6061
 b)   Nature of the transaction                 Award of Options under the K3 LTIP
 c)   Price(s) and volume(s)                    127,500 Options awarded
 d)   Aggregated information                    n/a

     Aggregated volume Price
 e)   Date of the transaction                   9 February 2022
 f)   Place of the transaction                  Outside a trading venue

 

 

 

 

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  DSHUPUMAPUPPGCB