REG - Kitwave Group PLC - Completion of Acquisition

KitwaveAnnouncement

27/09/2024 15:45

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RNS Number : 0845G  Kitwave Group PLC  27 September 2024

27 September 2024

Kitwave Group plc

("Kitwave", the "Company" or the "Group")

Completion of Acquisition

Kitwave Group plc (AIM: KITW) is pleased to announce that, further to the
announcement made on 24 September 2024, the Company has successfully completed
the Acquisition of Creed Catering Supplies Limited ("Creed").

The New Ordinary Shares issued in connection with the Capital Raising were
admitted to trading on AIM this morning, and following settlement of the
Placing Shares and the Retail Offer Shares, and payment of the initial
consideration to the existing shareholders of Creed, the Acquisition is now
complete.

Further to the announcement on 25 September 2024, certain Directors of the
Company have now completed the acquisition of New Ordinary Shares as part of
the Placing.

Capitalised terms used in this announcement have the meanings given to them in
the Launch Announcement on 24 September 2024, unless the context provides
otherwise.

 

The information set out below is provided in accordance with the requirements
of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         Stephen Smith
 2    Reason for the notification
 a)   Position/status                                              Non-Executive Chairman

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Kitwave Group plc

 b)   LEI                                                          2138007DLCYPVY95UD40

 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  Ordinary Shares of 1 pence each

      Identification code

                                                                   ISIN: GB00BNYKB709

 b)   Nature of the transaction                                    Purchase of Ordinary Shares

 c)   Price(s) and volume(s)                                        Price(s)                      Volume(s)

      305p                                                                                     20,000
 d)   Aggregated information

       - Aggregated volume                                         N/a

       - Price
 e)   Date of the transaction                                      27 September 2024

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         Gerard Murray
 2    Reason for the notification
 a)   Position/status                                              Non-Executive Director

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Kitwave Group plc

 b)   LEI                                                          2138007DLCYPVY95UD40

 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  Ordinary Shares of 1 pence each

      Identification code

                                                                   ISIN: GB00BNYKB709
 b)   Nature of the transaction                                    Purchase of Ordinary Shares

 c)   Price(s) and volume(s)                                        Price(s)                      Volume(s)

      305p                                                                                     25,000
 d)   Aggregated information

       - Aggregated volume                                         N/a

       - Price
 e)   Date of the transaction                                      27 September 2024

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

 1    Details of the person discharging managerial responsibilities/person closely
      associated
 a)   Name                                                         Marta Fernandez Varona
 2    Reason for the notification
 a)   Position/status                                              Spouse of Gerard Murray, Non-Executive Director

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Kitwave Group plc

 b)   LEI                                                          2138007DLCYPVY95UD40

 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  Ordinary Shares of 1 pence each

      Identification code

                                                                   ISIN: GB00BNYKB709

 b)   Nature of the transaction                                    Purchase of Ordinary Shares

 c)   Price(s) and volume(s)                                        Price(s)                      Volume(s)

      305p                                                                                     25,000
 d)   Aggregated information

       - Aggregated volume                                         N/a

       - Price
 e)   Date of the transaction                                      27 September 2024

 f)   Place of the transaction                                     London Stock Exchange, AIM

 

For further information please contact:

 Kitwave Group plc                                 Tel: +44 (0) 191 259 2277

 Ben Maxted, Chief Executive Officer

 David Brind, Chief Financial Officer

 www.kitwave.co.uk (http://www.kitwave.co.uk)
 Canaccord Genuity Limited                         Tel: +44 (0) 20 7523 8150

(NOMAD, Sole Broker and Sole Bookrunner)

 Bobbie Hilliam

 Harry Pardoe

 Alex Aylen

 Sam Lucas
 Yellow Jersey PR                                  Tel: +44 (0) 20 3004 9512

(Financial media and PR)

 Charles Goodwin

 Shivantha Thambirajah

 Bessie Elliot

 

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