Director/PDMR Shareholding

RNS Number : 9608U

K3 Business Technology Group PLC

06 December 2013

 



KBT

K3 BUSINESS TECHNOLOGY GROUP PLC

('K3' or 'the Company')

Exercise of Options & Directors' Dealings

K3 announces that application has been made for the admission to trading on AIM ("Admission") of a total of 120,000 new ordinary shares of 25p each ("Ordinary Shares" and the "New Ordinary Shares") in the Company following the exercise of share options by two directors of the Company, as set out below, under the K3 Business Technology Group Executive Share Option Scheme 2000:

·      Mr David Bolton, Chief Finance Officer, has exercised options to subscribe for 60,000 new Ordinary Shares at an exercise price of 100.0p. per share; and

·      Mr Andrew Makeham, Chief Executive Officer, has exercised options to subscribe for 60,000 new Ordinary Shares at an exercise price of 100.0p per share.

Mr Bolton and Mr Makeham have subsequently issued an instruction to sell, after Admission is effective, 40,000 and 60,000 Ordinary Shares respectively, predominantly to cover the exercise costs incurred and tax liabilities arising. These disposals will be notified separately. Subsequent to the issue of these new Ordinary Shares but prior to the sales set out above, Mr Bolton is interested in 1,016,302 Ordinary Shares (representing 3.22% of the Company's issued share capital, as enlarged by the issue of the New Ordinary Shares) and Mr Makeham is interested in 973,250 Ordinary Shares (representing 3.08% of the Company's issued share capital, as enlarged by the issue of the New Ordinary Shares).

The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.  Admission is expected to be effective from 12 December 2013. Following Admission, the total issued share capital of the Company will be 31,554,025 Ordinary Shares of 25p each. The Company holds no Ordinary Shares in treasury.

For further information:

K3 Business Technology		Andy Makeham, Chief Executive		T: 0161 876 4498
Group plc		David Bolton, Chief Finance Officer
finnCap Limited (NOMAD)		Julian Blunt / Henrik Persson		T: 020 7220 0500
Biddicks		Katie Tzouliadis / Deborah Walter		T: 020 3178 6378

 

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