TIDMKITW

RNS Number : 9468E

Kitwave Group PLC

04 July 2023

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    Number of Ordinary     Resultant   Resultant 
                               / PCA                Shares sold    holding of     holding 
                                                                    PDMRs and         (%) 
                                                                   their PCAs 
 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:

 
                                          Tel: +44 (0) 191 259 2277 
   Kitwave Group plc 
   Paul Young, Chief Executive Officer 
   David Brind, Chief Financial Officer 
   www.kitwave.co.uk 
 Canaccord Genuity Limited                Tel: +44 (0) 20 7523 8150 
  (Nominated Adviser and Sole Broker) 
  Bobbie Hilliam 
 Yellow Jersey PR                         Tel: +44 (0) 20 3004 9512 
  (Financial media and PR) 
  Sarah Hollins 
  Henry Wilkinson 
  James Lingfield 
 

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                                 Ordinary Shares of 1 pence each 
        the financial                                  ISIN: GB00BNYKB709 
        instrument: 
        Identification 
        code: 
      ---------------------------------------------  ------------------------------------- 
 b)    Nature of the                                  Sale of Ordinary Shares 
        transaction: 
      ---------------------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s):                        Price(s)            Volume(s) 
      ---------------------------------------------  ------------------  ----------------- 
   324.5 
    pence                                                                 500,000 
  ---------------------------------------------------------------------  ----------------- 
 d)    Aggregated volume:                             n/a single transaction 
        Price: 
      ---------------------------------------------  ------------------------------------- 
 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                              Ordinary Shares of 1 pence each 
        the financial                               ISIN: GB00BNYKB709 
        instrument: 
        Identification 
        code: 
      ------------------------------------------  ------------------------------------- 
 b)    Nature of the                               Sale of Ordinary Shares 
        transaction: 
      ------------------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s):                     Price(s)               Volume(s) 
      ------------------------------------------  ---------------------  -------------- 
   324.5 pence                                                            150,000 
  ---------------------------------------------------------------------  -------------- 
 d)    Aggregated volume:                          n/a single transaction 
        Price: 
      ------------------------------------------  ------------------------------------- 
 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                              Ordinary Shares of 1 pence each 
        the financial                               ISIN: GB00BNYKB709 
        instrument: 
        Identification 
        code: 
      ------------------------------------------  ------------------------------------- 
 b)    Nature of the                               Sale of Ordinary Shares 
        transaction: 
      ------------------------------------------  ------------------------------------- 
 c)    Price(s) and volume(s):                     Price(s)               Volume(s) 
      ------------------------------------------  ---------------------  -------------- 
   324.5 pence                                                            200,000 
  ---------------------------------------------------------------------  -------------- 
 d)    Aggregated volume:                          n/a single transaction 
        Price: 
      ------------------------------------------  ------------------------------------- 
 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                                 Ordinary Shares of 1 pence each 
        the financial                                  ISIN: GB00BNYKB709 
        instrument: 
        Identification 
        code: 
      ---------------------------------------------  ----------------------------------- 
 b)    Nature of the                                  Sale of Ordinary Shares 
        transaction: 
      ---------------------------------------------  ----------------------------------- 
 c)    Price(s) and volume(s):                        Price(s)           Volume(s) 
      ---------------------------------------------  -----------------  ---------------- 
   324.5 
    pence                                                                100,000 
  --------------------------------------------------------------------  ---------------- 
 d)    Aggregated volume:                             n/a single transaction 
        Price: 
      ---------------------------------------------  ----------------------------------- 
 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                                    Ordinary Shares of 1 pence each 
        of the financial                               ISIN: GB00BNYKB709 
        instrument: 
        Identification 
        code: 
      ---------------------------------------------  ------------------------------------- 
 b)    Nature of                                      Sale of Ordinary Shares 
        the transaction: 
      ---------------------------------------------  ------------------------------------- 
 c)    Price(s) and                                   Price(s)            Volume(s) 
        volume(s): 
      ---------------------------------------------  ------------------  ----------------- 
   324.5 
    pence                                                                 80,000 
  ---------------------------------------------------------------------  ----------------- 
 d)    Aggregated                                     n/a single transaction 
        volume: 
        Price: 
      ---------------------------------------------  ------------------------------------- 
 e)    Date of the                                    4 July 2023 
        Transaction: 
      ---------------------------------------------  ------------------------------------- 
 f)    Place of the                                   London Stock Exchange (XLON); AIM 
        Transaction: 
      ---------------------------------------------  ------------------------------------- 
 

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END

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July 04, 2023 09:13 ET (13:13 GMT)

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