Kitwave Regulatory News (KITW)

05 July 2023

Kitwave Group plc

("Kitwave", the "Group" or the "Company")Director/PDMR Shareholding

  Kitwave Group plc (AIM: KITW), the delivered wholesale business, today announces that further to the Director/PDMR Shareholding announcement released by the Company on 4 July 2023 it wishes to clarify that Mr David Brind is interested in 424,140 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") directly, as set out in the announcement, and an additional 616,093 Ordinary Shares via his wife, Claire Brind, who is a Persons Closely Associated ("PCA").

The total direct and indirect shareholding of Mr Brind is therefore 1,040,233 Ordinary Shares, which represents 1.49 per cent. of the current issued share capital.

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Company Overview

Founded in 1987, following the acquisition of a single-site confectionery wholesale business based in North Shields, United Kingdom, Kitwave is a delivered wholesale business, specialising in selling and delivering impulse products, frozen, chilled and fresh foods, alcohol, groceries and tobacco to approximately 42,000, mainly independent, customers.

With a network of 29 depots, Kitwave is able to support delivery throughout the UK to a diverse customer base, which includes independent convenience retailers, leisure outlets, vending machine operators, foodservice providers and other wholesalers, as well as leading national retailers. 

The Group's growth to date has been achieved both organically and through a strategy of acquiring smaller, predominantly family-owned, complementary businesses in the fragmented UK grocery and foodservice wholesale market.

Kitwave Group plc (AIM: KITW) was admitted to trading on AIM of the London Stock Exchange on 24 May 2021.

For further information, please visit: www.kitwave.co.uk.