PDMR Announcement

RNS Number : 9762Z

K3 Business Technology Group PLC

23 May 2019

 

 

AIM: KBT

23 May 2019

K3 Business Technology Group plc

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

PDMR Announcement

The Company has received notification from non-executive director Per Johan Claesson that on 20 May 2019 he has purchased 4,721,226 ordinary shares of 25p each in the capital of the Company ("Ordinary Shares") at a price of 220p per Ordinary Share from a family relation of Mr Claesson and Carlton Telecom Inc, a company controlled by that family relation (the "Purchase"). Following the Purchase, the Company has been informed that the total number of Ordinary shares in which Mr Claesson is now interested is 9,808,923 Ordinary Shares representing 22.84% of the total voting rights of the Company held as follows:

PJ Claesson	5,072,926
Johan och Marianne Claesson AB	1,947,461
Fastighets AB Bremia	567,500
CA Fastigheter AB	2,221,036
Total	9,808,923

The Company makes the below announcement and notification in accordance with the EU Market Abuse Regulation (No 596/2014) in respect of the Purchase:

Enquiries:

K3 Business Technology Group plc	Adalsteinn Valdimarsson, CEO Rob Price, CFO	T: 0161 876 4498
finnCap Limited (NOMAD & Broker)	Julian Blunt/James Thompson (Corporate Finance) Camille Gochez (Corporate Broking)	T: 020 7220 0500
KTZ Communications	Katie Tzouliadis/Dan Mahoney	T: 020 3178 6378

1.	Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA')
a)	Name	PJ Claesson
2.	Reason for notification
b)	Position / status	Non-executive director
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 Identification code	ordinary shares of 25p each GB00B00P6061
b)	Nature of the transaction	Acquisition of ordinary shares of 25p each
c)	Price(s) and volume(s)	Volume: 4,721,226 Price: 220p per Ordinary Share
d)	Aggregated information Aggregated volume Price	n/a
e)	Date of the transaction	20 May 2019
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			K3 Business Technology Group plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						x
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Per Johan Claesson and controlled undertakings
City and country of registered office (if applicable)			N/A
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			20/05/2019
6. Date on which issuer notified (DD/MM/YYYY):			22/05/2019
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	22.84%	N/A		22.84%	42,946,665
Position of previous notification (if applicable)	11.85%	N/A		11.85%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ordinary Shares of 25p each GB00B00P6061		5,072,926		4,735,997			11.81%		11.03%
SUBTOTAL 8. A		9,808,923					22.84%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				x
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
PJ Claesson	5,072,926	n/a	5,072,926
Johan och Marianne Claesson AB (an entity controlled by PJ Claesson)	1,947,461	n/a	1,947,461
Fastighets AB Bremia (an entity controlled by PJ Claesson)	567,500	n/a	567,500
CA Fastigheter AB (an entity controlled by PJ Claesson)	2,221,036	n/a	2,221,036
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi

Place of completion	Kalmar, Sweden
Date of completion	22 May 2019

 

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