Last checked at 18 Feb 2020 15:10
AIM: KBT
18 February 2020
K3 Business Technology Group plc
("K3" or "Company")
PDMR Announcement
K3, which provides mission‐critical business software, cloud solutions and managed services, has received notification that Viti ehf. (a company controlled by Adalsteinn Valdimarsson, CEO of the Company) has purchased 30,000 ordinary shares of 25p each in the capital of the Company ("Ordinary Shares") at a price of £1.37 per Ordinary Share (the "Purchase"). Following the Purchase Mr. Valdimarsson is now interested in 101,429 Ordinary Shares representing 0.236% of the total voting rights of the Company with all shares held by Viti ehf.
The Company makes the below announcement and notification in accordance with the EU Market Abuse Regulation (No 596/2014) in respect of the Purchase:
Enquiries:
K3 Business Technology Group plc | Adalsteinn Valdimarsson, CEO Rob Price, CFO | T: 0161 876 4498 |
finnCap Limited (NOMAD & Broker)
| Julian Blunt/James Thompson (Corporate Finance) Camille Gochez (Corporate Broking)
| T: 020 7220 0500 |
KTZ Communications | Katie Tzouliadis/Dan Mahoney | T: 020 3178 6378 |
1. | Details of Persons Discharging Managerial Responsibilities "PDMR" / person closely associated with them ('PCA') | |
a) | Name | Adalsteinn Valdimarsson |
2. | Reason for notification | |
b) | Position / status | Chief Executive Officer |
c) | Initial notification / amendment | Initial Notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
b) | Name | K3 Business Technology Group plc |
c) | LEI | 213800QOJ9OF2AV81748
|
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 Identification code
| ordinary shares of 25p each
GB00B00P6061 |
b) | Nature of the transaction | Acquisition of ordinary shares of 25p each
|
c) | Price(s) and volume(s) | Volume: 30,000 Price: 137p per Ordinary Share
|
d) | Aggregated information Aggregated volume Price | n/a |
e) | Date of the transaction | 14 February 2020 |
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) |