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17 Jun 2025 12:31
K3 Business Technology Group plc
("K3", "Company" or "Group")
PDMR Announcement
K3 Business Technology Group plc ("K3" or the "Company"), which provides business‐critical software solutions focused on fashion and apparel brands, has received notification from Mr Oliver Scott, Chair of K3, of the following Kestrel intra-client transfers in the ordinary shares of 25p each in K3 ("Shares") on 13 June 2025 at a price of 68.99p per share. Mr Scott is deemed to have had an interest in these transactions as described below.
Mr. Scott is a partner of, and holds a beneficial interest in, Kestrel Partners LLP ("Kestrel").
Kestrel transferred 13,274,493 Shares in K3 held by certain Kestrel clients to certain other Kestrel clients. As part of this transaction, Kestrel Opportunities ("KOF") transferred out its entire holding of 9,031,682 Shares. Mr Scott is a shareholder in KOF and was therefore deemed to have had an indirect beneficial interest in KOF's entire legal holding in K3. Following this transfer Mr Scott will no longer have any indirect beneficial interest in K3 via KOF. However, Mr Scott now has a direct beneficial interest in one of the Kestrel clients that is receiving 355,360 Shares in K3 as a result of these transfers.
Following these transfers, on a combined basis, Kestrel's interest in K3 remains unchanged and it continues to control voting rights over 13,587,284 Shares, representing 29.58% of the Company's issued share capital.
In addition to this, Mr Scott continues to hold an indirect beneficial interest via a family trust in 3,585 K3 Shares representing 0.01% of the Company's issued share capital.
Following the transfers described above, Kestrel's voting rights over the Shares of the Company are held through the following nominees:
Holding type | Nominee | No. of shares | % of issued share capital |
Indirect | APEX Group Nominees | 12,919,133 | 28.13% |
Direct | APEX Group Nominees | 355,360 | 0.77% |
Indirect | JIM Nominees Limited | 316,376 | 0.69% |
Further details in respect of the transfer 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 | |
Eric Dodd, CEO | ||
Cavendish Capital Markets Limited | +44 (0) 207 220 0500 | |
Nominated Adviser and Broker |
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Julian Blunt/Callum Davidson (Corporate Finance) |
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Sunila de Silva/Harriet Ward (Corporate Broking) |
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KTZ Communications | +44 (0) 20 3178 6378 |
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Katie Tzouliadis/Robert Morton |
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ANNEX
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Kestrel Partners LLP ('Kestrel')
| ||||
2 | Reason for the notification | |||||
a)
| Position/status
| PCA - Oliver Rupert Andrew Scott (Chair of K3 Business Technology Group plc and Partner in Kestrel) | ||||
b)
| Initial notification /Amendment | Initial | ||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | K3 Business Technology Group plc
| ||||
b) | 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, type of instrument
Identification code | 25p Ordinary Shares
ISIN: GB00B00P6061 | ||||
b) | Nature of the transaction | Intra-client transfers. | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
| As above.
| ||||
e)
| Date of the transaction | 13 June 2025 | ||||
f)
| Place of the transaction | London Stock Exchange | ||||
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