Director/PDMR Shareholding

RNS Number : 0795B

Knights Group Holdings PLC

09 February 2022

 

Knights Group Holdings plc

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

PDMR Notification

Kate Lewis (Chief Financial Officer of Knights) exercised 243,516 share options granted under a restricted stock award dated 29 June 2018 on 8 February 2022. Principally in order to fund the resulting tax and national insurance liability arising from the exercise, Kate Lewis subsequently disposed of 180,000 ordinary shares on 8^th February 2022 at a price of £3.75 per share. 

Kate Lewis' deemed interest in Knights shares as a consequence of the exercise of the award and subsequent disposal is as follows:

Award Shares Vested	Award Shared Sold	Total Knights Shares now held	% of Knights shares in issue
243,516	180,000	63,516	0.07%

No consideration was paid to the Company for the grant of the award and the consideration for the option shares was £0.002 per share.

The total number of shares in issue following the exercise of the option referred to above is 84,372,732 ordinary shares of £0.002 each.

The following notifications are made under article 19 of the Market Abuse Regulation ("MAR") relating to certain transactions by persons discharging managerial responsibilities ("PDMR") in the shares of the Company.

Notification and public disclosure of transactions by persons discharging managerial responsibilities

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Kate Lewis
2	Reason for the notification
a)	Position/status	CFO and PDMR
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Knights Group Holdings plc
b)	LEI	213800URB59EOGJKT919
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
	Identification code	GB00BFYF6298
b)	Nature of the transaction	1.  Exercise of option over vested shares under a restricted stock award granted on 29 June 2018 2.  Sale of part of vested award shares to fund tax liabilities and provide cash proceeds
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			1.  £0.002 2.  £3.75	243,516 180,000
d)	Aggregated information
	- Aggregated volume	N/A
	- Price	N/A
e)	Date of the transaction	8 February 2022
f)	Place of the transaction	London Stock Exchange, AIM

Ends

Enquiries 

Knights
David Beech, CEO	Via MHP Communications
Numis (Nomad and Broker)
Stuart Skinner, Kevin Cruickshank	020 7260 1000
MHP Communications (Media enquiries)
Andrew Jaques, Katie Hunt, Rachel Mann	020 3128 8100 07585 301464 [e-mail]

Notes to Editors

Knights is a fast-growing, legal and professional services business, ranked within the UK's top 50 largest law firms by revenue. Knights was one of the first law firms in the UK to move from the traditional partnership model to a corporate structure in 2012 and has since grown rapidly. Knights has specialists in all key areas of corporate and commercial law so that it can offer end-to-end support to businesses of all sizes and in all sectors. It is focussed on key UK markets outside London and currently operates from 17 offices located in Birmingham, Cheltenham, Chester, Crawley, Exeter, Leeds, Leicester, Maidstone, Manchester, Nottingham, Oxford, Sheffield, Stoke, Teesside, Weybridge, Wilmslow and York.

 

END

 

 

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