Director/PDMR Shareholding

Kitwave Group PLC

04 July 2023

 

04 July 2023

Kitwave Group plc

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

Director/PDMR Shareholding

 
Kitwave Group plc (AIM: KITW), the delivered wholesale business, was today notified that the following PDMRs and/or Persons Closely Associated ("PCAs") have sold ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 324.5 pence per share. Details of the share sales are listed in the below table.

Director/PDMR	Position	Beneficiary / PCA	Number of Ordinary Shares sold	Resultant holding of PDMRs and their PCAs	Resultant holding (%)
David Brind	CFO	-	500,000	424,140	0.61%
Ben Maxted	COO	Wife	150,000	70,456	0.10%
Chris Young	PDMR	Wife	200,000	545,445	0.78%
John Hope	PDMR	Wife	100,000	312,119	0.45%
Jay Mackay	PDMR	Wife	80,000	121,493	0.17%

- Ends -

 For further information please contact:

Kitwave Group plc Paul Young, Chief Executive Officer David Brind, Chief Financial Officer www.kitwave.co.uk	Tel: [phone]
Canaccord Genuity Limited (Nominated Adviser and Sole Broker) Bobbie Hilliam	Tel: [phone]
Yellow Jersey PR (Financial media and PR) Sarah Hollins Henry Wilkinson James Lingfield	Tel: [phone]

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 29 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 (AIM: KITW) was admitted to trading on AIM of the London Stock Exchange on 24 May 2021.

For further information, please visit: www.kitwave.co.uk.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	David Brind
2	Reason for the notification
a)	Position/Status:	Chief Financial Officer
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Kitwave Group plc
b)	LEI:	2138007DLCYPVY95UD40
4.	Details of 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 1 pence each ISIN: GB00BNYKB709
b)	Nature of the transaction:	Sale of Ordinary Shares
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		324.5 pence	500,000
d)	Aggregated volume: Price:	n/a single transaction
e)	Date of the Transaction:	04 July 2023
f)	Place of the Transaction:	London Stock Exchange (XLON); AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Alix Maxted
2	Reason for the notification
a)	Position/Status:	PCA of Chief Operating Officer
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Kitwave Group plc
b)	LEI:	2138007DLCYPVY95UD40
4.	Details of 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 1 pence each ISIN: GB00BNYKB709
b)	Nature of the transaction:	Sale of Ordinary Shares
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		324.5 pence	150,000
d)	Aggregated volume: Price:	n/a single transaction
e)	Date of the Transaction:	04 July 2023
f)	Place of the Transaction:	London Stock Exchange (XLON); AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Olga Young
2	Reason for the notification
a)	Position/Status:	PCA to PDMR
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Kitwave Group plc
b)	LEI:	2138007DLCYPVY95UD40
4.	Details of 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 1 pence each ISIN: GB00BNYKB709
b)	Nature of the transaction:	Sale of Ordinary Shares
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		324.5 pence	200,000
d)	Aggregated volume: Price:	n/a single transaction
e)	Date of the Transaction:	04 July 2023
f)	Place of the Transaction:	London Stock Exchange (XLON); AIM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Tina Hope
2	Reason for the notification
a)	Position/Status:	PCA to PDMR
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Kitwave Group plc
b)	LEI:	2138007DLCYPVY95UD40
4.	Details of 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 1 pence each ISIN: GB00BNYKB709
b)	Nature of the transaction:	Sale of Ordinary Shares
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		324.5 pence	100,000
d)	Aggregated volume: Price:	n/a single transaction
e)	Date of the Transaction:	04 July 2023

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Norma Mackay
2	Reason for the notification
a)	Position/Status:	PCA to PDMR
b)	Initial Notification/Amendment:	Initial Notification
3	Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor
a)	Name:	Kitwave Group plc
b)	LEI:	2138007DLCYPVY95UD40
4.	Details of 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 1 pence each ISIN: GB00BNYKB709
b)	Nature of the transaction:	Sale of Ordinary Shares
c)	Price(s) and volume(s):	Price(s)	Volume(s)
		324.5 pence	80,000
d)	Aggregated volume: Price:	n/a single transaction
e)	Date of the Transaction:	4 July 2023
f)	Place of the Transaction:	London Stock Exchange (XLON); AIM

 

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