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Kitwave Group plc completed the acquisition of Creed Catering Supplies Limited on 27 September 2024, following the admission of new ordinary shares to AIM and payment of initial consideration. On the same date, Non-Executive Chairman Stephen Smith purchased 20,000 ordinary shares at 305p each, while Non-Executive Director Gerard Murray and his spouse Marta Fernandez Varona each purchased 25,000 ordinary shares at 305p each on AIM.
| Date | 27 Sept 2024 |
| Time | 15:32:12 |
| Category | Acquisitions and alliances |
| ID | 0845G |
27 September 2024
Kitwave Group plc
("Kitwave", the "Company" or the "Group")
Completion of Acquisition
Kitwave Group plc (AIM: KITW) is pleased to announce that, further to the announcement made on 24 September 2024, the Company has successfully completed the Acquisition of Creed Catering Supplies Limited ("Creed").
The New Ordinary Shares issued in connection with the Capital Raising were admitted to trading on AIM this morning, and following settlement of the Placing Shares and the Retail Offer Shares, and payment of the initial consideration to the existing shareholders of Creed, the Acquisition is now complete.
Further to the announcement on 25 September 2024, certain Directors of the Company have now completed the acquisition of New Ordinary Shares as part of the Placing.
Capitalised terms used in this announcement have the meanings given to them in the Launch Announcement on 24 September 2024, unless the context provides otherwise.
The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Stephen Smith |
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2 |
Reason for the notification |
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a) |
Position/status
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Non-Executive Chairman
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b) |
Initial notification /Amendment
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Initial Notification
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3 |
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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Kitwave Group plc |
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b)
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LEI
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2138007DLCYPVY95UD40 |
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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 |
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a)
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Description of the financial instrument, type of instrument
Identification code
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Ordinary Shares of 1 pence each
ISIN: GB00BNYKB709
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|
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b)
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Nature of the transaction
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Purchase of Ordinary Shares |
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c)
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Price(s) and volume(s)
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Price(s) |
Volume(s) |
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305p |
20,000 |
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d)
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Aggregated information - Aggregated volume - Price |
N/a |
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e)
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Date of the transaction
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27 September 2024 |
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f)
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Place of the transaction
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London Stock Exchange, AIM |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Gerard Murray |
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2 |
Reason for the notification |
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a) |
Position/status
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Non-Executive Director
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|
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b) |
Initial notification /Amendment
|
Initial Notification
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|
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a)
|
Name
|
Kitwave Group plc |
|
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b)
|
LEI
|
2138007DLCYPVY95UD40 |
|
|
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 |
Ordinary Shares of 1 pence each
ISIN: GB00BNYKB709 |
|
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b)
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Nature of the transaction |
Purchase of Ordinary Shares |
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c)
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Price(s) and volume(s)
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Price(s) |
Volume(s) |
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305p |
25,000 |
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d)
|
Aggregated information - Aggregated volume - Price |
N/a |
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e)
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Date of the transaction
|
27 September 2024 |
|
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f)
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Place of the transaction
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London Stock Exchange, AIM |
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Marta Fernandez Varona |
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2 |
Reason for the notification |
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a) |
Position/status
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Spouse of Gerard Murray, Non-Executive Director
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|
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b) |
Initial notification /Amendment
|
Initial Notification
|
|
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||
|
a)
|
Name
|
Kitwave Group plc |
|
|
b)
|
LEI
|
2138007DLCYPVY95UD40 |
|
|
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
|
Ordinary Shares of 1 pence each
ISIN: GB00BNYKB709
|
|
|
b)
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Nature of the transaction
|
Purchase of Ordinary Shares |
|
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c)
|
Price(s) and volume(s)
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Price(s) |
Volume(s) |
|
305p |
25,000 |
||
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d)
|
Aggregated information - Aggregated volume - Price |
N/a |
|
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e)
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Date of the transaction
|
27 September 2024 |
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f)
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Place of the transaction
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London Stock Exchange, AIM |
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For further information please contact:
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Kitwave Group plc Ben Maxted, Chief Executive Officer David Brind, Chief Financial Officer |
Tel: +44 (0) 191 259 2277 |
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Canaccord Genuity Limited Bobbie Hilliam Harry Pardoe Alex Aylen Sam Lucas |
Tel: +44 (0) 20 7523 8150 |
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Yellow Jersey PR Charles Goodwin Shivantha Thambirajah Bessie Elliot |
Tel: +44 (0) 20 3004 9512 |