REG - Kitwave Group PLC - Director/PDMR Shareholding

KitwaveAnnouncement

17/04/2024 15:00

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RNS Number : 0173L  Kitwave Group PLC  17 April 2024

17 April 2024

 

Kitwave Group plc

 

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

 

Director/PDMR Shareholding

 

Kitwave Group plc (AIM: KITW), the delivered wholesale business, was today
notified by John Hope, a PDMR at the Company, that his spouse, Tina Hope, who
is a Person Closely Associated ("PCA") had sold 175,000 ordinary shares of one
pence each in the Company ("Ordinary Shares") on 17 April 2024 at a price of
363 pence per Ordinary Share.

Following the above transaction, Tina Hope's total holding is 137,119 Ordinary
Shares, equating to 0.20 per cent. of the Company's issued share capital.

 Director/PDMR  Position  Beneficiary/PCA  Number of Ordinary Shares sold  Resultant holding of PDMRs and their PCAs  Resultant holding (%)
 John Hope      PDMR      Wife             175,000                         137,119                                    0.20

 

- Ends-

 

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

(Nominated Adviser and Sole Broker)

 Bobbie Hilliam

 Alex Orr
 Yellow Jersey PR                                     Tel: +44 (0) 20 3004 9512

(Financial media and PR)

 Sarah Hollins

 Shivantha Thambirajah

 Bessie Elliot

 

Company Overview

Founded in 1987, following the acquisition of a single-site confectionery
wholesale business based in North Shields, United Kingdom, Kitwave is a
delivered wholesale business, specialising in selling and delivering impulse
products, frozen, chilled and fresh foods, alcohol, groceries and tobacco to
approximately 42,000, mainly independent, customers.

 

With a network of 32 depots, Kitwave is able to support delivery throughout
the UK to a diverse customer base, which includes independent convenience
retailers, leisure outlets, vending machine operators, foodservice providers
and other wholesalers, as well as leading national retailers.

 

The Group's growth to date has been achieved both organically and through a
strategy of acquiring smaller, predominantly family-owned, complementary
businesses in the fragmented UK grocery and foodservice wholesale market.

 

Kitwave Group plc was admitted to trading on AIM of the London Stock Exchange
in May 2021.

 

For further information, please visit www.kitwave.co.uk
(http://www.kitwave.co.uk) .

 

 Notification of a Transaction pursuant to Article 19(1) of the EU Market Abuse
 Regulation (EU) No. 596/2014 as it forms part of domestic law by virtue of the
 European Union (Withdrawal) Act 2018.
 1     Details of the person discharging managerial responsibilities/person closely
       associated
 a.    Name                                                         Tina Hope

 2     Reason for notification

 a.    Position/Status                                              Person Closely Associated
 b.    Initial notification/                                        Initial Notification

       Amendment
 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

                                                                    GB00BNYKB709
 b.    Nature of the transaction                                    Sale of Ordinary Shares
  c.   Price(s) and volume(s)                                       Price(s)   Volume(s)
                                                                    363 pence  175,000
 d.    Aggregated information

       - Aggregated Volume                                          N/A

       - Price
 e.    Date of the transaction                                      17 April 2024
 f.    Place of the transaction                                     London Stock Exchange (AIM)

d.

Aggregated information

- Aggregated Volume

- Price

 

N/A

e.

Date of the transaction

17 April 2024

f.

Place of the transaction

London Stock Exchange (AIM)

 

 

 

 

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