PDMR Announcement
Source: RNS
AIM: KBT
05 May 2021
K3 Business Technology Group plc
("K3" or "Company")
PDMR Announcement
K3, which provides mission‐critical business software and cloud solutions, has received notification from Kestrel Partners LLP ("Kestrel") that on 04 May 2021 it transferred out, on behalf of discretionary clients, 36,810 ordinary shares of 25p each ("Shares") in the Company as Kestrel no longer has discretion over these clients' portfolio.
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").
Following these transactions, the revised shareholdings of Kestrel are:
|
Shareholder |
Ordinary Shares |
Percentage of issued share capital |
|
Kestrel Opportunities (a client of Kestrel) |
8,491,879 |
18.98% |
|
Kestrel other clients |
2,785,359 |
6.23% |
|
Total |
11,277,238 |
25.21% |
Further details in respect of the transaction 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 |
|
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Rob Price, CFO |
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finnCap Ltd |
+44 (0) 207 220 0500 |
|
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Nominated Adviser and Broker |
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Julian Blunt/James Thompson (Corporate finance) |
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Richard Chambers (Corporate Broking) |
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KTZ Communications |
+44 (0) 20 3178 6378 |
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Katie Tzouliadis/Dan Mahoney |
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ANNEX
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
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1
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Details of the person discharging managerial responsibilities / person closely associated
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a)
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Name
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Kestrel Partners LLP ('Kestrel')
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2
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Reason for the notification
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a)
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Position/status
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PCA - Oliver Rupert Andrew Scott (non-executive director of K3 Business Technology Group plc and Partner in Kestrel) |
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b)
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Initial notification /Amendment
|
Initial |
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3
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Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
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Name
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K3 Business Technology Group plc |
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b)
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LEI
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213800QOJ9OF2AV81748 |
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4
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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
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a)
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Description of the financial instrument, type of instrument
Identification code
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25p Ordinary Shares
ISIN: GB00B00P6061
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b)
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Nature of the transaction
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Transfer Out |
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c)
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Price(s) and volume(s)
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d)
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Aggregated information
- Aggregated volume
- Price
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Total 36,810 Shares Transfer Out
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e)
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Date of the transaction
|
04/05/2021 - Transfer |
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f)
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Place of the transaction
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London |
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