AIM: KBT
6 April 2021
K3 Business Technology Group plc
("K3", "Company" or "Group")
PDMR Announcement
K3 Business Technology Group plc received notification from Kestrel Partners LLP ("Kestrel") that on 30 March 2021 Kestrel transferred in the market 1,400 ordinary shares of 25p each ("Shares") in the Company at a price of £1.74 per Share between accounts held by its discretionary clients.
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").
The Share transfer does not change Kestrel's overall holding of Shares in the Company which, following completion of the issue of Shares to Kestrel announced by the Company on 30 March 2021, will be as follows:
| Shareholder | Ordinary Shares | Percentage of issued share capital |
| Kestrel Opportunities (a client of Kestrel) | 8,491,879 | 18.98% |
| Kestrel other clients | 2,822,169 | 6.31% |
| Total | 11,314,048 | 25.29% |
The Company makes the below announcement and notification in accordance with the EU Market Abuse Regulation (No 596/2014) in respect of the above transaction:
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) |
| |
| 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 | ||||
| c)
| Price(s) and volume(s)
|
| ||||
| d)
| Aggregated information
- Aggregated volume
- Price
| 1,400 Shares @ £1.74
| ||||
| e)
| Date of the transaction
| 30 March 2021 | ||||
| f)
| Place of the transaction
| London Stock Exchange, AIM Market (XLON) | ||||
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