TIDMKNB

RNS Number : 5632T

Kanabo Group PLC

26 March 2021

26 March 2021

Kanabo Group Plc

("Kanabo" or "The Company")

PDMR Notification

Kanabo Group Plc (LSE:KNB), announces the appointment of Michal Ben Moshe as General Manager. Michal has over 20 years of experience in business management, and previously served as the Senior Director of Finance & Commercial Affairs at S.L.E Ltd., a leading provider of logistic and operations in Israel for multinational companies dealing with pharmaceuticals and medical equipment and is a part of Teva Group (the largest generic pharmaceutical manufacturer worldwide).

As part of her appointment, the Company has agreed to grant Ms Ben Moshe options subject to approval by the Israeli Tax Authority, for 4,000,000 Ordinary shares of the Company at an exercise price of 27.21p, with a vesting period of 4 years and will remain exercisable until 90 days after any potential termination of her employment.

For further information, please visit http://www.kanabogroup.com/ or contact the following:

Kanabo Group Plc

+(972)52-3173-633

press@kanabogroup.com

Meirav Horn, Chief Financial Officer

Peterhouse Capital Limited (Financial Adviser)

Tel: +44 (0)20 7469 0930

Eran Zucker / Guy Miller / Allie Feuerlein

Peterhouse Capital Limited (Corporate Broker)

Lucy Williams / Charles Goodfellow

 
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                   Michal Ben Moshe 
    --------------------  ------------------------------------------------- 
2   Reason for the notification 
    ----------------------------------------------------------------------- 
a)  Position/status       General Manager 
    --------------------  ------------------------------------------------- 
b)  Initial notification  Initial Notification 
     /Amendment 
    --------------------  ------------------------------------------------- 
3   Details of the issuer, emission allowance market participant, 
     auction platform, auctioneer or auction monitor 
    ----------------------------------------------------------------------- 
a)  Name                  Kanabo Group Plc 
    --------------------  ------------------------------------------------- 
b)  LEI                   213800XPJFSNWJIYKN52 
    --------------------  ------------------------------------------------- 
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           Ordinary Shares of 2.5 pence each in Kanabo Group 
     of the financial      Plc 
     instrument, 
     type of instrument 
     Identification        GB00BYQCS703 
     code 
    --------------------  ------------------------------------------------- 
b)  Nature of the         Grant of options as part of the employee share 
     transaction           option programme 
    --------------------  ------------------------------------------------- 
c)  Price(s) and          27.21pence for each of 4,000,000 options 
     volume(s) 
    --------------------  ------------------------------------------------- 
d)  Aggregated 
     information            4 ,000,000 options 
     - Aggregated 
     volume                 GBP1,088,400 
     - Price 
    --------------------  ------------------------------------------------- 
e)  Date of the           On or around 25 March 2021 
     transaction 
    --------------------  ------------------------------------------------- 
f)  Place of the          Standard List of the Main Market 
     transaction 
    --------------------  -------------------------------------------------

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END

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