2 September 2024
K3
Business Technology Group plc
("K3",
"Company" or "Group")
PDMR
Announcement
K3, which provides
business‐critical
software solutions focused on fashion and apparel brands, has
received notification from Kestrel Partners LLP ("Kestrel") that on
30 August 2024 it acquired, on behalf of its discretionary clients,
26,345 ordinary shares of 25p each ("Shares") in the Company at an
average price of £0.7014 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) 8,592,813 Shares in the Company, and
other clients of Kestrel, in which Mr Scott has no beneficial
interest, hold 4,350,611 Shares in the Company.
On a combined basis, Kestrel
indirectly holds voting rights over 12,943,424 Shares in the
Company, which represents 28.94% 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
|
8,592,813
|
19.21%
|
|
Indirect
|
JIM Nominees Limited
|
316,376
|
0.71%
|
|
Indirect
Indirect
|
Bank of New York Nominees
Ltd
Northern Trust Company
AVFC
|
2,684,003
1,350,232
|
6.06%
2.96%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
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
|
|
Eric Dodd, CFO
|
|
|
|
|
|
Cavendish Capital Markets Limited
|
+44 (0) 207 220 0500
|
|
Nominated Adviser and
Broker
|
|
|
|
Julian Blunt/Dan Hodkinson
(Corporate Finance)
|
|
|
|
Sunila de Silva/Harriet Ward
(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)
|
|
30 August 2024
|
|
Price(s)
|
Volume(s)
|
|
£0.7014
|
26,345 shares
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Total purchase of 26,345 at an
average of £0.7014 per Share
|
|
e)
|
Date of the transaction
|
30 August 2024
|
|
f)
|
Place of the transaction
|
London Stock Exchange, AIM Market
(XLON)
|