Completion of Acquisition

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 Identification code	Ordinary Shares of 1 pence each 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  - Price	N/a
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 Identification code	Ordinary Shares of 1 pence each 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  - Price	N/a
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 Identification code	Ordinary Shares of 1 pence each 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  - Price	N/a
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 Ben Maxted, Chief Executive Officer David Brind, Chief Financial Officer www.kitwave.co.uk	Tel: [phone]
Canaccord Genuity Limited (NOMAD, Sole Broker and Sole Bookrunner) Bobbie Hilliam Harry Pardoe Alex Aylen Sam Lucas	Tel: [phone]
Yellow Jersey PR (Financial media and PR) Charles Goodwin Shivantha Thambirajah Bessie Elliot	Tel: [phone]

 

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