04 July 2023
Kitwave Group plc
("Kitwave", the "Group" or the "Company")
Director/PDMR Shareholding
Kitwave Group plc (AIM: KITW), the delivered wholesale business, was today notified that the following PDMRs and/or Persons Closely Associated ("PCAs") have sold ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a price of 324.5 pence per share. Details of the share sales are listed in the below table.
| Director/PDMR | Position | Beneficiary / PCA | Number of Ordinary Shares sold | Resultant holding of PDMRs and their PCAs | Resultant holding (%) |
| David Brind | CFO | - | 500,000 | 424,140 | 0.61% |
| Ben Maxted | COO | Wife | 150,000 | 70,456 | 0.10% |
| Chris Young | PDMR | Wife | 200,000 | 545,445 | 0.78% |
| John Hope | PDMR | Wife | 100,000 | 312,119 | 0.45% |
| Jay Mackay | PDMR | Wife | 80,000 | 121,493 | 0.17% |
- Ends -
For further information please contact:
|
Kitwave Group plc Paul Young, Chief Executive Officer David Brind, Chief Financial Officer | Tel: +44 (0) 191 259 2277 |
| Canaccord Genuity Limited Bobbie Hilliam
| Tel: +44 (0) 20 7523 8150 |
| Yellow Jersey PR Sarah Hollins Henry Wilkinson James Lingfield | Tel: +44 (0) 20 3004 9512 |
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 29 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 (AIM: KITW) was admitted to trading on AIM of the London Stock Exchange on 24 May 2021.
For further information, please visit: www.kitwave.co.uk.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | David Brind | |
| 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 participation, auction platform, auctioneer or auction monitor | ||
| a) | Name: | Kitwave Group plc | |
| b) | LEI: | 2138007DLCYPVY95UD40 | |
| 4. | Details of 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: Identification code: | Ordinary Shares of 1 pence each ISIN: GB00BNYKB709 | |
| b) | Nature of the transaction: | Sale of Ordinary Shares | |
| c) | Price(s) and volume(s): | Price(s) | Volume(s) |
| 324.5 pence | 500,000 | ||
| d) | Aggregated volume: Price: | n/a single transaction | |
| e) | Date of the Transaction: | 04 July 2023 | |
| f) | Place of the Transaction: | London Stock Exchange (XLON); AIM | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Alix Maxted | |
| 2 | Reason for the notification | ||
| a) | Position/Status: | PCA of Chief Operating Officer | |
| b) | Initial Notification/Amendment: | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
| a) | Name: | Kitwave Group plc | |
| b) | LEI: | 2138007DLCYPVY95UD40 | |
| 4. | Details of 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: Identification code: | Ordinary Shares of 1 pence each ISIN: GB00BNYKB709 | |
| b) | Nature of the transaction: | Sale of Ordinary Shares | |
| c) | Price(s) and volume(s): | Price(s) | Volume(s) |
| 324.5 pence | 150,000 | ||
| d) | Aggregated volume: Price: | n/a single transaction | |
| e) | Date of the Transaction: | 04 July 2023 | |
| f) | Place of the Transaction: | London Stock Exchange (XLON); AIM | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Olga Young | |
| 2 | Reason for the notification | ||
| a) | Position/Status: | PCA to PDMR | |
| b) | Initial Notification/Amendment: | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
| a) | Name: | Kitwave Group plc | |
| b) | LEI: | 2138007DLCYPVY95UD40 | |
| 4. | Details of 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: Identification code: | Ordinary Shares of 1 pence each ISIN: GB00BNYKB709 | |
| b) | Nature of the transaction: | Sale of Ordinary Shares | |
| c) | Price(s) and volume(s): | Price(s) | Volume(s) |
| 324.5 pence | 200,000 | ||
| d) | Aggregated volume: Price: | n/a single transaction | |
| e) | Date of the Transaction: | 04 July 2023 | |
| f) | Place of the Transaction: | London Stock Exchange (XLON); AIM | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Tina Hope | |
| 2 | Reason for the notification | ||
| a) | Position/Status: | PCA to PDMR | |
| b) | Initial Notification/Amendment: | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
| a) | Name: | Kitwave Group plc | |
| b) | LEI: | 2138007DLCYPVY95UD40 | |
| 4. | Details of 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: Identification code: | Ordinary Shares of 1 pence each ISIN: GB00BNYKB709 | |
| b) | Nature of the transaction: | Sale of Ordinary Shares | |
| c) | Price(s) and volume(s): | Price(s) | Volume(s) |
| 324.5 pence | 100,000 | ||
| d) | Aggregated volume: Price: | n/a single transaction | |
| e) | Date of the Transaction: | 04 July 2023 | |
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||
| a) | Name: | Norma Mackay | |
| 2 | Reason for the notification | ||
| a) | Position/Status: | PCA to PDMR | |
| b) | Initial Notification/Amendment: | Initial Notification | |
| 3 | Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor | ||
| a) | Name: | Kitwave Group plc | |
| b) | LEI: | 2138007DLCYPVY95UD40 | |
| 4. | Details of 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: Identification code: | Ordinary Shares of 1 pence each ISIN: GB00BNYKB709 | |
| b) | Nature of the transaction: | Sale of Ordinary Shares | |
| c) | Price(s) and volume(s): | Price(s) | Volume(s) |
| 324.5 pence | 80,000 | ||
| d) | Aggregated volume: Price: | n/a single transaction | |
| e) | Date of the Transaction: | 4 July 2023 | |
| f) | Place of the Transaction: | London Stock Exchange (XLON); AIM | |
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