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 |
- Ends-
For further information please contact:
| Kitwave Group plc Ben Maxted, Chief Executive Officer David Brind, Chief Financial Officer | Tel: +44 (0) 191 259 2277 |
| Canaccord Genuity Limited Bobbie Hilliam Alex Orr | Tel: +44 (0) 20 7523 8150 |
| Yellow Jersey PR Sarah Hollins Shivantha Thambirajah Bessie Elliot | 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 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 | Ordinary Shares of 1 pence each GB00BNYKB709 | ||||
| b. | Nature of the transaction | Sale of Ordinary Shares | ||||
| c. | Price(s) and volume(s) |
| ||||
| 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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