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K3 Bus Tech Grp PLC (KBT)

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Monday 29 November, 2021

K3 Bus Tech Grp PLC

Director/PDMR Shareholding

RNS Number : 9438T
K3 Business Technology Group PLC
29 November 2021
 

AIM: KBT

K3 Business Technology Group plc

("K3", "Company" or "Group")

PDMR Announcement

K3, which provides mission critical business software and cloud solutions, has received notification from Kestrel Partners LLP ("Kestrel") that on 26 November 2021 it acquired, on behalf of its discretionary clients, 10,000 ordinary shares of 25p each ("Shares") in the Company at a price of £1.76 per Share.

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") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in the Company.

Following these transactions, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 8,505,879 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest, hold 2,637,850 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 11,143,729 Shares in the Company, which represents 24.91% per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

 

Holding type

Nominee

No. of shares

% of issued share capital

Indirect

Bank of New York Nominees Ltd

8,505,879

19.02%

Indirect

JIM Nominees Limited

189,572

0.42%

Indirect

Bank of New York Nominees Ltd

2,448,278

5.47%

 

 

 

 

 

Further details in respect of the purchase are provided below, in accordance with the EU Market Abuse Regulation (No 596/2014).

 

For further information contact:

K3 Business Technology Group plc

+44 (0) 161 876 4498

Marco Vergani, CEO

 

Rob Price, CFO

 

 

 

finnCap Ltd

+44 (0) 207 220 0500

Nominated Adviser and Broker

 

 

Julian Blunt/James Thompson (Corporate finance)

 

 

Richard Chambers (Corporate Broking)

 

 

 

 

 

KTZ Communications

+44 (0) 20 3178 6378

 

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

 

 

Purchase

 

c)

 

Price(s) and volume(s)

 

 

Price(s)

 

Volume(s)

£1.76

10,000 - Purchase

 

 

d)

 

Aggregated information

 

- Aggregated volume

 

- Price

 

Total purchase of 10,000 at £1.76 for value £17,600.00

 

 

 

e)

 

Date of the transaction

 

26/11/2021  

f)

 

Place of the transaction

 

London Stock Exchange, AIM Market (XLON)

 

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