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LONDON - K3 Business Technology Group plc (LON:KBT) announced that its Chair, Oliver Scott, has been involved in a significant reshuffling of shares between clients of Kestrel Partners LLP, where he serves as a partner.
According to a company statement released Tuesday, Kestrel transferred 13,274,493 ordinary shares between its clients on June 13 at a price of 68.99p per share. As part of this transaction, Kestrel Opportunities transferred out its entire holding of 9,031,682 shares, eliminating Scott’s indirect beneficial interest in K3 through that entity.
Following these transfers, Scott now holds a direct beneficial interest in 355,360 K3 shares through one of the Kestrel clients receiving shares. He also maintains an indirect beneficial interest via a family trust in 3,585 shares, representing 0.01% of the company’s issued share capital.
Despite the internal reshuffling, Kestrel’s overall interest in K3 remains unchanged at 13,587,284 shares, representing 29.58% of the company’s issued share capital. These shares are primarily held through nominees, with 12,919,133 shares (28.13%) held indirectly through APEX Group Nominees, 355,360 shares (0.77%) held directly through APEX Group Nominees, and 316,376 shares (0.69%) held indirectly through JIM Nominees Limited.
K3 Business Technology Group provides business-critical software solutions focused on fashion and apparel brands. The transaction was reported in accordance with EU Market Abuse Regulation requirements for persons discharging managerial responsibilities.
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