Director/PDMR Shareholding

Kitwave Group PLC

17 April 2024

 

17 April 2024

Kitwave Group plc

("Kitwave", the "Group" or the "Company")

Director/PDMR Shareholding

Kitwave Group plc (AIM: KITW), the delivered wholesale business, was today notified by John Hope, a PDMR at the Company, that his spouse, Tina Hope, who is a Person Closely Associated ("PCA") had sold 175,000 ordinary shares of one pence each in the Company ("Ordinary Shares") on 17 April 2024 at a price of 363 pence per Ordinary Share.

Following the above transaction, Tina Hope's total holding is 137,119 Ordinary Shares, equating to 0.20 per cent. of the Company's issued share capital.

Director/PDMR	Position	Beneficiary/PCA	Number of Ordinary Shares sold	Resultant holding of PDMRs and their PCAs	Resultant holding (%)
John Hope	PDMR	Wife	175,000	137,119	0.20

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For further information please contact:

Kitwave Group plc Ben Maxted, Chief Executive Officer David Brind, Chief Financial Officer www.kitwave.co.uk	Tel: [phone]
Canaccord Genuity Limited (Nominated Adviser and Sole Broker) Bobbie Hilliam Alex Orr	Tel: [phone]
Yellow Jersey PR (Financial media and PR) Sarah Hollins Shivantha Thambirajah Bessie Elliot	Tel: [phone]

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 32 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 was admitted to trading on AIM of the London Stock Exchange in May 2021.

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

Notification of a Transaction pursuant to Article 19(1) of the EU Market Abuse Regulation (EU) No. 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.
1	Details of the person discharging managerial responsibilities/person closely associated
a.	Name	Tina Hope
2	Reason for notification
a.	Position/Status	Person Closely Associated
b.	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a.	Name	Kitwave Group plc
b.	LEI	2138007DLCYPVY95UD40
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	Ordinary Shares of 1 pence each   GB00BNYKB709
b.	Nature of the transaction	Sale of Ordinary Shares
c.	Price(s) and volume(s)	Price(s) Volume(s) 363 pence 175,000
d.	Aggregated information - Aggregated Volume - Price	N/A
e.	Date of the transaction	17 April 2024
f.	Place of the transaction	London Stock Exchange (AIM)

 

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