TIDMKBT

RNS Number : 7009Z

K3 Business Technology Group PLC

15 January 2024

AIM: KBT

15 January 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 12 January 2024 it acquired, on behalf of its discretionary clients, 38,000 ordinary shares of 25p each ("Shares") in the Company at an average price of GBP1.0916 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) 8,566,468 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest, hold 4,172,134 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 12,738,602 Shares in the Company, which represents 28.48% 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      Nominee                         No. of shares   % of issued share 
  type                                                                  capital 
              Bank of New York Nominees 
 Indirect      Ltd                                8,566,468              19.15% 
 Indirect     JIM Nominees Limited                  316,376               0.71% 
 Indirect     Bank of New York Nominees           2,672,003               5.97% 
               Ltd 
  Indirect     Northern Trust Company             1,183,755               2.65% 
                AVFC 
 
 
 
 

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:

 
                                                     +44 (0) 161 876 
 K3 Business Technology Group plc                     4498 
 Marco Vergani, CEO 
 Eric Dodd, CFO 
 
                                                     +44 (0) 207 220 
 Cavendish Securities plc                             0500 
 Nominated Adviser and Broker 
 Julian Blunt/Dan Hodkinson (Corporate Finance) 
 Sunila de Silva/Harriet Ward (Corporate Broking) 
 
                                                     +44 (0) 20 3178 
 KTZ Communications                                   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

 
      Details of the person discharging managerial responsibilities 
  1    / person closely associated 
 a)   Name                     Kestrel Partners LLP ('Kestrel') 
     -----------------------  ------------------------------------------------ 
      Reason for the notification 
  2 
     ------------------------------------------------------------------------- 
 a)   Position/status          PCA - Oliver Rupert Andrew Scott (non-executive 
                                director of K3 Business Technology Group plc 
                                and Partner in Kestrel) 
     -----------------------  ------------------------------------------------ 
 b)   Initial notification     Initial 
       /Amendment 
     -----------------------  ------------------------------------------------ 
      Details of the issuer, emission allowance market participant, 
  3    auction platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------- 
 a)   Name                     K3 Business Technology Group plc 
     -----------------------  ------------------------------------------------ 
 b)   LEI                      213800QOJ9OF2AV81748 
     -----------------------  ------------------------------------------------ 
      Details of the transaction(s): section to be repeated for 
  4    (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ------------------------------------------------------------------------- 
 a)   Description              25p Ordinary Shares 
       of the financial 
       instrument, 
       type of instrument 
                                ISIN: GB00B00P6061 
       Identification 
       code 
     -----------------------  ------------------------------------------------ 
 b)   Nature of the            Purchase 
       transaction 
     -----------------------  ------------------------------------------------ 
 c)   Price(s) and              12 January 2024 
       volume(s)                 Price(s)    Volume(s) 
                                            -------------- 
                                 GBP1.0916   38,000 shares 
                                            -------------- 
     -----------------------  ------------------------------------------------ 
 d)   Aggregated information   Total purchase of 38,000 at an average of 
                                GBP1.0916 per Share 
 
       - Aggregated 
       volume 
 
 
       - Price 
     -----------------------  ------------------------------------------------ 
 e)   Date of the              12 January 2024 
       transaction 
     -----------------------  ------------------------------------------------ 
 f)   Place of the             London Stock Exchange, AIM Market (XLON) 
       transaction 
     -----------------------  ------------------------------------------------ 
 

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END

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January 15, 2024 05:00 ET (10:00 GMT)

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