K3 Capital Group PLC Director/PDMR Shareholding (5075D)
February 19 2020 - 10:00AM
UK Regulatory
TIDMK3C
RNS Number : 5075D
K3 Capital Group PLC
19 February 2020
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
K3 CAPITAL GROUP PLC
("K3", the "Company" and including its subsidiaries, the
"Group")
Director/PDMR Dealing
K3 Capital Group plc, a leading business and company sales
specialist in the UK, announces that Elizabeth Ford, wife of Tony
Ford, Executive Vice Chairman of the Company, has sold 100,000
ordinary shares of 1 penny each in the Company ("Ordinary Shares")
at a price of GBP2.52241 pence per Ordinary Share (the "Sale").
Following the Sale, Tony Ford, together with his connected
persons, has a total interest over 6,247,895 Ordinary Shares,
representing 14.8 per cent. of the Company's issued share
capital.
-ENDS-
For further information please contact:
K3 Capital Group plc Tel: c/o finnCap 020
7220 0500
John Rigby, Chief Executive Officer www.k3capitalgroupplc.com
Andrew Melbourne, Chief Financial Officer
finnCap Ltd (Nominated Adviser and Tel: 020 7220 0500
Sole Broker)
Jonny Franklin-Adams, Anthony Adams (Corporate Finance)
Tim Redfern, Richard Chambers (Corporate
Broking)
About K3 Capital
K3 Capital Group plc is a leading business sales and brokerage
firm headquartered in Bolton with operations throughout the UK. It
acts for vendors of businesses from c. GBP50,000 to c. GBP200
million through its three trading subsidiaries Knightsbridge, KBS
Corporate, and KBS Corporate Finance. K3, through its trading
subsidiaries, has received a number of adviser awards, most
recently achieving the number 1 position in the 2019 Refinitiv
Mid-Market M&A Review.
K3 Capital operates a disruptive business model with a direct
marketing approach to client acquisition, using incentivised and
experienced salespeople rather than advisory teams, while its
highly visible online presence and proprietary online business
valuation portal generates further leads. This innovative model,
combined with a continuing strategy towards targeting higher value
clients, are key drivers for growth and profitability.
The Group also offers all clients fully contingent and inclusive
legal fees through its partner relationships with local and
national law firms.
K3 Capital Group trades on the London Stock Exchange (AIM:
K3C.L), having listed on 11 April 2017. Please visit
www.k3capitalgroupplc.com for more information.
Concert Party
Tony Ford, John Rigby, Andrew Melbourne, Simon Daniels, Matthew
Clancy and Stuart Lees, together with their respective families and
other connected persons are deemed to be acting in concert and
regarded by the Takeover Panel to be members of the concert party
detailed in the Company's admission document dated 6 April 2017
("Admission Document") (the "Concert Party"). Following the Sale,
the Concert Party will remain the holders in aggregate of not less
than 30 per cent., but not more than 50 per cent. of the Company's
issued share capital. Ordinarily, should any member of the Concert
Party or any person acting in concert with any member of the
Concert Party acquire an interest in any shares (excluding the
exercise of existing options granted to Andrew Melbourne, detailed
in the Company's Admission Document) which increases the percentage
of shares carrying voting rights in such company in which the
Concert Party (or any person acting in concert with the Concert
Party) is interested, that person together with people acting in
concert with that person will be required to make a general offer
in cash to all shareholders in the Company, at the highest price
paid by that person or any person acting in concert with that
person for an interest in such shares within the preceding 12
months, for all the remaining equity share capital of that Company.
However, in accordance with Note 11 on Rule 9.1 of the City Code on
Takeovers and Mergers, if a person or a group of persons acting in
concert carrying more than 30 per cent. of the voting rights of a
company reduces its interest but not to less than 30 per cent, such
person or persons may subsequently acquire an interest of up to one
per cent. in further shares in the 12 months following the
reduction without incurring an obligation to make a general
offer.
The respective holdings of each Concert Party member (showing
the resultant shareholdings of Tony Ford following the Sale) are
outlined in the table below:
Director/PDMR Shareholding % Issued
Share Capital
Tony Ford 6,247,895 14.80
------------- ---------------
John Rigby 7,597,895 18.00
------------- ---------------
Andrew Melbourne 464,802 1.10
------------- ---------------
Simon Daniels 2,535,100 6.01
------------- ---------------
Matthew Clancy 1,267,550 3.00
------------- ---------------
Stuart Lees 688,125 1.63
------------- ---------------
Total 18,801,367 44.54%
------------- ---------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Elizabeth Ford, wife
of Tony Ford - Executive
Vice Chairman
----------------------------------------- ----------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------------
a) Position/status: PCA
----------------------------------------- ----------------------------------------------
b) Initial notification/Amendment: Initial Notification
----------------------------------------- ----------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------------------
a) Name: K3 Capital Group plc
----------------------------------------- ----------------------------------------------
b) LEI: 21380043EWYIWISOAN87
----------------------------------------- ----------------------------------------------
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, Ordinary shares of 1
type of instrument: penny per share
Identification code: GB00BF1HPD20
----------------------------------------- ----------------------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
----------------------------------------- ----------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP2.52241 100,000
----------
----------------------------------------- ----------------------------------------------
d) Aggregated information: Single transaction as
-- Aggregated volume: in 4 c) above Price(s) Volume(s) Value
-- Price: GBP2.52241 100,000 GBP252,241
---------- -----------
----------------------------------------- ----------------------------------------------
e) Date of the transaction: 19/02/2020
----------------------------------------- ----------------------------------------------
f) Place of the transaction: London Stock Exchange,
AIM (XLON)
----------------------------------------- ----------------------------------------------
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London Stock Exchange. RNS is approved by the Financial Conduct
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END
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