PDMR Announcement

RNS Number : 6613X

K3 Business Technology Group PLC

05 May 2021

 

AIM: KBT

05 May 2021

K3 Business Technology Group plc

("K3" or "Company")

PDMR Announcement

K3, which provides mission ‐ critical business software and cloud solutions, has received notification from Kestrel Partners LLP ("Kestrel") that on 04 May 2021 it transferred out, on behalf of discretionary clients, 36,810 ordinary shares of 25p each ("Shares") in the Company as Kestrel no longer has discretion over these clients' portfolio.

Mr Scott, a non-executive director of K3, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities").

Following these transactions, the revised shareholdings of Kestrel are:

Shareholder	Ordinary Shares	Percentage of issued share capital
Kestrel Opportunities (a client of Kestrel)	8,491,879	18.98%
Kestrel other clients	2,785,359	6.23%
Total	11,277,238	25.21%

Further details in respect of the transaction 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

 

ANNEX

Template for 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	Kestrel Partners LLP ('Kestrel')
2	Reason for the notification
a)	Position/status	PCA - Oliver Rupert Andrew Scott (non-executive director of K3 Business Technology Group plc and Partner in Kestrel)
b)	Initial notification /Amendment	Initial
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	K3 Business Technology Group plc
b)	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, type of instrument Identification code	25p Ordinary Shares ISIN: GB00B00P6061
b)	Nature of the transaction	Transfer Out
c)	Price(s) and volume(s)	Price(s) Volume(s) Nil 36,810Shares - Transfer Out
d)	Aggregated information - Aggregated volume - Price	Total 36,810 Shares Transfer Out
e)	Date of the transaction	04/05/2021  - Transfer
f)	Place of the transaction	London

 

END

 

 

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