9 February 2022
AIM: KBT
K3 Business Technology Group plc
("K3", "Company" or "Group")
Share Option Scheme
K3, which provides business‐critical software solutions focused on fashion and apparel brands, announces that its Remuneration Committee ("RemCo") has today granted 255,000 new options over ordinary shares of 25p each in the capital of the Company ("Share Options") to certain Persons Discharging Managerial Responsibilities ("PDMRs"). These grants have been made under the terms of the K3 Long Term Incentive Plan 2020 adopted on 12 November 2020 (the "LTIP"), and together amount to approximately 0.57% of the Company's current non-diluted issued share capital.
The Share Options awarded to each PDMR are split between Market Price Options and other LTIP Options (further details of which are set out below) as follows:
| Name | Position | Number of Market Price Options awarded | Number of LTIP Options awarded |
| Casey Potenzone | Chief Commercial and Strategy Officer
| 40,000 | 87,500 |
| Julia Mueller | Chief Customer Officer
| 40,000 | 87,500 |
The Market Price Options are issued on the same terms and at the same exercise price as those issued to other PDMRs of the Company on 18 June 2021 and are exercisable at a price of 204p per share.
The LTIP Options are issued on substantially the same terms and at the same exercise price (25p per share, being nominal value) as those issued to other PDMRs of the Company on 12 November 2020.
Further details in respect of the awards 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 | | |
| 1. | Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA') | |
| a) | Name | Casey Potenzone |
| 2. | Reason for notification | |
| b) | Position / status | Chief Commercial and Strategy Officer |
| c) | Initial notification / amendment | Initial Notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| b) | Name | K3 Business Technology Group plc |
| c) | 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 Identification code | Options over ordinary shares of 25p each GB00B00P6061 |
| b) | Nature of the transaction | Award of Options under the K3 LTIP |
| c) | Price(s) and volume(s) | 127,500 Options awarded |
| d) | Aggregated information Aggregated volume Price | n/a |
| e) | Date of the transaction | 9 February 2022 |
| f) | Place of the transaction | Outside a trading venue |
| 1. | Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA') | |
| a) | Name | Julia Mueller |
| 2. | Reason for notification | |
| b) | Position / status | Chief Customer Officer |
| c) | Initial notification / amendment | Initial Notification |
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
| b) | Name | K3 Business Technology Group plc |
| c) | 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 Identification code | Options over ordinary shares of 25p each GB00B00P6061 |
| b) | Nature of the transaction | Award of Options under the K3 LTIP |
| c) | Price(s) and volume(s) | 127,500 Options awarded |
| d) | Aggregated information Aggregated volume Price | n/a |
| e) | Date of the transaction | 9 February 2022 |
| f) | Place of the transaction | Outside a trading venue |
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