K3 CAPITAL GROUP PLC
("K3", the "Company" and including its subsidiaries the "Group")
Launch of 2020 SAYE Scheme
K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, announces that as referenced in the Company's 2020 Annual Report and Accounts,
it has now launched a Save As You Earn ('SAYE') share scheme for all employees, under which employees were offered the opportunity to participate in the future growth of the Company via share option arrangements.
Eligible employees were invited to subscribe for options over the Company's Ordinary Shares of 1 pence each ("Ordinary Shares") with an exercise price of 149.5 pence, being the closing middle market price of the Company's Ordinary Shares on 8 October 2020, the trading day before the invitation to participate was made. The options have a contract start date of 1 December 2020 and are exercisable from 1 December 2023 for a 6-month period, subject to certain exceptions.
The full terms of the SAYE scheme are set out in the Company's Admission Document dated 6 April 2017.
A total of 100 employees elected to participate, and pursuant to these elections a total of 455,006 options over Ordinary Shares were issued, equating to 0.66 per cent. of the Company's issued share capital.
Three of the Directors of the Company, detailed below, elected to participate in the SAYE scheme and are included in the total figures above.
As a result of this option grant, these Directors' interests in options over Ordinary Shares are as follows:
|
Director
|
Options granted over Ordinary Shares under 2020 SAYE scheme
|
Total interest held under option
|
% of issued share capital
|
|
Tony Ford
|
12,040
|
12,040
|
0.02%
|
|
John Rigby
|
12,040
|
12,040
|
0.02%
|
|
Andrew Melbourne
|
1,204
|
326,735
|
0.48%
|
John Rigby, K3's CEO, commented,
"We are delighted to see over 25% of our employees sign up to the SAYE Scheme at the first offering. A large proportion of the take up is from employees at RandD and Quantuma. This significant employee involvement, alongside the participation of multiple directors, illustrates the faith in the long-term success of the wider group."
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 Broker)
|
Tel: 020 7220 0500
|
|
Jonny Franklin-Adams, Emily Watts, Charlie Beeson (Corporate Finance)
|
|
Tim Redfern, Richard Chambers (Corporate Broking)
|
|
About K3 Capital
K3 Capital Group plc is a multi-disciplinary professional services firm providing advisory services to SMEs, with operations throughout the UK and overseas.
Services provided by KBS Corporate, KBS Corporate Finance, Knightsbridge and KBS Capital Markets:
·
Mergers and Acquisitions (M&A) - Company sales, brokerage and corporate finance services to SME's looking to achieve full or partial exit, advising on sales to private, trade, plc, private equity or overseas acquirors. Strategic advisory and valuations, financial due diligence and debt advisory.
Services provided by RandD UK Limited:
·
Research & Development tax credit advisory: advising clients on Research and Development Tax Credit (RDTC) claims.
Services provided by Quantuma Advisory Limited:
·
Restructuring advisory: formal insolvency appointments, informal restructuring advisory, personal insolvency and pension restructuring and insolvency advice.
·
Financial advisory: comprehensive analysis of business performance through business toolkit, independent reviews, stakeholder management and turnaround and interim support.
·
Creditor Services: creditor representation and liquidations.
·
Forensic accounting and expert witness: forensic investigations, intelligence and forensic accounting.
·
Pensions advisory: corporate and trustee advisory, pension scheme restructuring advisory, covenant advisory and expert witness.
The Group's medium-term strategy is to build a wider group of growing and complementary professional services businesses to provide SME's with high quality advice across specialist disciplines.
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.
The notifications set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.
|
1.
|
Details of the person discharging managerial responsibilities/person closely associated
|
|
a)
|
Name:
|
Tony Ford
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Executive Vice Chairman
|
|
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, type of instrument:
Identification code:
|
Ordinary shares of 1 penny per share
GB00BF1HPD20
|
|
b)
|
Nature of the transaction:
|
Options granted under SAYE scheme
|
|
c)
|
Price(s) and volume(s):
|
|
E
xercise
Price(s)
|
Volume(s)
|
|
149.5 pence
|
12,040
|
|
|
d)
|
Aggregated information:
·Aggregated volume:
·Exercise price:
|
12,040
shares
1
49.5 pence
|
|
e)
|
Date of the transaction:
|
30/10/2020
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
|
1.
|
Details of the person discharging managerial responsibilities/person closely associated
|
|
a)
|
Name:
|
John Rigby
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Chief Executive Officer
|
|
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, type of instrument:
Identification code:
|
Ordinary shares of 1 penny per share
GB00BF1HPD20
|
|
b)
|
Nature of the transaction:
|
Options granted under SAYE scheme
|
|
c)
|
Price(s) and volume(s):
|
|
E
xercise
Price(s)
|
Volume(s)
|
|
149.5 pence
|
12,040
|
|
|
d)
|
Aggregated information:
·Aggregated volume:
·E
xercise price:
|
12,040
shares
149.5 pence
|
|
e)
|
Date of the transaction:
|
30/10/2020
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
|
1.
|
Details of the person discharging managerial responsibilities/person closely associated
|
|
a)
|
Name:
|
Andrew Melbourne
|
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Chief Financial Officer
|
|
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, type of instrument:
Identification code:
|
Ordinary shares of 1 penny per share
GB00BF1HPD20
|
|
b)
|
Nature of the transaction:
|
Options granted under SAYE scheme
|
|
c)
|
Price(s) and volume(s):
|
|
E
xercise
Price(s)
|
Volume(s)
|
|
149.5 pence
|
1,204
|
|
|
d)
|
Aggregated information:
·Aggregated volume:
·Exercise price:
|
1,204
shares
149.5 pence
|
|
e)
|
Date of the transaction:
|
30/10/2020
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
