Share Option Scheme

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 Market Price Options awarded	Number of 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	[phone]
Marco Vergani, CEO
Rob Price, CFO
finnCap Ltd	[phone]
Nominated Adviser and Broker
Julian Blunt/James Thompson (Corporate finance)
Richard Chambers (Corporate Broking)
KTZ Communications	[phone]
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  Identification code	Options over ordinary shares of 25p each  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 Aggregated volume Price	n/a
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  Identification code	Options over ordinary shares of 25p each  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 Aggregated volume Price	n/a
e)	Date of the transaction	9 February 2022
f)	Place of the transaction	Outside a trading venue

 

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