K3 Business Technology Group PLC PDMR Announcement (8029I)
April 03 2020 - 11:08AM
UK Regulatory
TIDMKBT
RNS Number : 8029I
K3 Business Technology Group PLC
03 April 2020
AIM: KBT
3 April 2020
K3 Business Technology Group plc
("K3" or "Company")
PDMR Announcement
K3, which provides mission--critical business software, cloud
solutions and managed services, has received notifications from
Oliver Scott (non-executive director of the Company, and a partner
in Kestrel Partners LLP) of the following transactions in respect
of ordinary shares of 25p each in the capital of the Company
("Ordinary Shares")
a. As announced by the Company on 1 April 2020, clients of
Kestrel Partners LLP acquired on 31 March 2020 an aggregate total
of 600,000 warrants to subscribe for Ordinary Shares, exercisable
at a price of GBP0.25 per Ordinary Share and within a period of 10
years ("Warrants");
b. Kestrel Partners LLP further acquired 270,000 Ordinary Shares
at a price of GBP0.75 per Ordinary Share on 1 April 2020, and
50,000 Ordinary Shares at a price of GBP0.80 per Ordinary Share on
3 April 2020 (the "Purchases").
Following the Purchases Kestrel Partners LLP is now interested
in 10,354,591 Ordinary Shares representing 24.11% of the total
voting rights of the Company, and 600,000 Warrants.
The Company makes the below announcement and notification in
accordance with the EU Market Abuse Regulation (No 596/2014) in
respect of the Purchases:
Enquiries:
K3 Business Technology Adalsteinn Valdimarsson, T: 0161 876 4498
Group plc CEO
Rob Price, CFO
finnCap Limited (NOMAD Julian Blunt/James Thompson T: 020 7220 0500
& Broker) (Corporate Finance)
Camille Gochez (Corporate
Broking)
KTZ Communications Katie Tzouliadis/Dan T: 020 3178 6378
Mahoney
1. Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated
with them ('PCA')
a) Name Oliver Scott
2. Reason for notification
b) Position / status Non-executive director
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 Warrants over ordinary shares of 25p each, exercisable at nominal value
Identification code n/a
b) Nature of the transaction grant of warrants to Kestrel Partners LLP clients in connection with loan
funding arrangement
c) Price(s) and volume(s) Volume: 600,000
Price: n/a
d) Aggregated information n/a
Aggregated volume Price
e) Date of the transaction 31 March 2020
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 Oliver Scott
2. Reason for notification
b) Position / status Non-executive director
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 ordinary shares of 25p each
Identification code
GB00B00P6061
b) Nature of the transaction Acquisition of ordinary shares of 25p each by Kestrel Partners LLP
c) Price(s) and volume(s) Volume: 320,000
Price: 270,000 Ordinary Shares at 75p per Ordinary Shares and 50,000
Ordinary Shares at 80p
per Ordinary Share
d) Aggregated information n/a
Aggregated volume Price
e) Date of the transaction 1 April 2020 and 3 April 2020
f) Place of the transaction London Stock Exchange, AIM Market (XLON)
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END
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