Director/PDMR Dealing

RNS Number : 7843C

Kanabo Group PLC

25 February 2022

 

Kanabo Group Plc

("Kanabo" or the "Company")

Director/PDMR Dealing

Kanabo Group Plc (LSE:KNB), the pan-European medical cannabis Company focussing on the development and distribution of cannabis-derived products for medical patients and wellness CBD consumers, announces Daniel Poulter, Non- Executive Director, has purchased 55,000 ordinary shares at a price of 7.4p.

Avihu Tamir, CEO, commented: "Since joining Kanabo in June 2021 Dan has become an invaluable member of the board. I welcome his most recent show of support by acquiring shares in the market. With the recent acquisition of the GP Service, and completion of an oversubscribed fundraise, Kanabo has approximately £6.4m and is well positioned to implement its growth strategy".

The notification set out below is provided in accordance with the requirements of Article 19 of the UK Market Abuse Regulation.

For further information, please visit http://www.kanabogroup.com/ or contact the following:

Kanabo Group Plc	Via Vox Markets
Avihu Tamir, CEO
Peterhouse Capital Ltd (Financial Adviser)	Tel: [phone]
Eran Zucker / Lauren Riley
Peterhouse Capital Ltd (Corporate Broker)	Tel: [phone]
Lucy Williams / Charles Goodfellow
Vox Markets (Investor Relations)	[e-mail]
Kat Perez	[e-mail]

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name Daniel Poulter
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	Kanabo Group Plc
b)	LEI	213800XPJFSNWJIYKN52
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 2.5 pence each in Kanabo Group Plc
	Identification code	GB00BYQCS703
b)	Nature of the transaction	Purchase of shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			7.4p	55,000
d)	Aggregated information
	- Aggregated volume	55,000
	- Price	£4,053
e)	Date of the transaction	24/02/2022
f)	Place of the transaction	Standard List of the Main Market

Following the share purchase, Mr Poulter's beneficial interests in the capital of the Company is 0.013%.

About Kanabo Group Plc

Kanabo Group Plc is creating a new standard in the medical cannabis industry to improve the well-being of millions of people around the world by providing a better alternative to the smoking of medicinal cannabis flowers. Kanabo, which was the first medicinal cannabis company to IPO on London Stock Exchange, has a focus on the distribution of cannabis-derived products for medical patients and non-THC products for CBD consumers. It has conducted extensive Research & Development to produce high-quality cannabis extract formulas, innovative medical-grade vaporizers, and various non-smoking consumption solutions. Kanabo sells a range of medical cannabis products and wellness CBD products in the Primary Markets, including its VapePod, which delivers a metered dose with every inhalation.

 

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