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PDMR Announcement

RNS Announcement

RNS Number : 6613X

K3 Business Technology Group PLC

05 May 2021

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
Rob Price, CFO

finnCap Ltd	+44 (0) 207 220 0500
Nominated Adviser and Broker
Julian Blunt/James Thompson (Corporate finance)
Richard Chambers (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

Details of the person discharging managerial responsibilities / person closely associated

Name

Kestrel Partners LLP ('Kestrel')

Reason for the notification

Position/status

PCA - Oliver Rupert Andrew Scott (non-executive director of K3 Business Technology Group plc and Partner in Kestrel)

Initial notification /Amendment

Initial

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

Name

K3 Business Technology Group plc

LEI

213800QOJ9OF2AV81748

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

Description of the financial instrument, type of instrument

Identification code

25p Ordinary Shares

ISIN: GB00B00P6061

Nature of the transaction

Transfer Out

Price(s) and volume(s)

Price(s)

Volume(s)

Nil

36,810 Shares -

Transfer Out

Aggregated information

- Aggregated volume

- Price

Total 36,810 Shares Transfer Out

Date of the transaction

04/05/2021 - Transfer

Place of the transaction

London

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END

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RNS metadata

Title: PDMR Announcement
Time: 13:43:56
Date: 5 May 2021
Category: Director/PDMR dealings
ID: 6613X