Director/PDMR Shareholding

RNS Number : 0795B
Knights Group Holdings PLC
09 February 2022
 

Knights Group Holdings plc

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

PDMR Notification

Kate Lewis (Chief Financial Officer of Knights) exercised 243,516 share options granted under a restricted stock award dated 29 June 2018 on 8 February 2022. Principally in order to fund the resulting tax and national insurance liability arising from the exercise, Kate Lewis subsequently disposed of 180,000 ordinary shares on 8th February 2022 at a price of £3.75 per share. 

Kate Lewis' deemed interest in Knights shares as a consequence of the exercise of the award and subsequent disposal is as follows:

Award Shares Vested

Award Shared Sold

Total Knights Shares now held

% of Knights shares in issue

243,516

180,000

63,516

0.07%

 

No consideration was paid to the Company for the grant of the award and the consideration for the option shares was £0.002 per share.

The total number of shares in issue following the exercise of the option referred to above is 84,372,732 ordinary shares of £0.002 each.

The following notifications are made under article 19 of the Market Abuse Regulation ("MAR") relating to certain transactions by persons discharging managerial responsibilities ("PDMR") in the shares of the Company.

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities

1

 

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Kate Lewis

2

 

Reason for the notification

a)

Position/status

CFO and PDMR

b)

Initial notification /Amendment

Initial Notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Knights Group Holdings plc

b)

LEI

213800URB59EOGJKT919

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

Ordinary Shares

 

 

Identification code

GB00BFYF6298

b)

Nature of the transaction

1.  Exercise of option over vested shares under a restricted stock award granted on 29 June 2018

2.  Sale of part of vested award shares to fund tax liabilities and provide cash proceeds

c)

 

Price(s) and volume(s)

 

 

 

 


 

Price(s)

Volume(s)

 


 

1.  £0.002

2.  £3.75

243,516

180,000

 

d)

 

Aggregated information




- Aggregated volume

N/A



- Price

N/A



e)

Date of the transaction

8 February 2022

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

Ends

Enquiries 

Knights


David Beech, CEO

 

Via MHP Communications

Numis (Nomad and Broker)


Stuart Skinner, Kevin Cruickshank

020 7260 1000

MHP Communications (Media enquiries) 


Andrew Jaques, Katie Hunt, Rachel Mann

020 3128 8100
07585 301464
knights@mhpc.com

 

Notes to Editors

Knights is a fast-growing, legal and professional services business, ranked within the UK's top 50 largest law firms by revenue. Knights was one of the first law firms in the UK to move from the traditional partnership model to a corporate structure in 2012 and has since grown rapidly. Knights has specialists in all key areas of corporate and commercial law so that it can offer end-to-end support to businesses of all sizes and in all sectors. It is focussed on key UK markets outside London and currently operates from 17 offices located in Birmingham, Cheltenham, Chester, Crawley, Exeter, Leeds, Leicester, Maidstone, Manchester, Nottingham, Oxford, Sheffield, Stoke, Teesside, Weybridge, Wilmslow and York.

 

 

 

 

 

 

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END
 
 
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