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 / 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

www.kitwave.co.uk  

Tel: +44 (0) 191 259 2277

Canaccord Genuity Limited
(Nominated Adviser and Sole Broker)

Bobbie Hilliam

 

Tel: +44 (0) 20 7523 8150

Yellow Jersey PR
(Financial media and 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

a)

Name:

Kitwave Group plc

b)

LEI:

2138007DLCYPVY95UD40

b)

Nature of the transaction:

Sale of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

324.5 pence

500,000

 

 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

a)

Name:

Kitwave Group plc

b)

LEI:

2138007DLCYPVY95UD40

b)

Nature of the transaction:

Sale of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

324.5 pence

150,000

 

 

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

a)

Name:

Kitwave Group plc

b)

LEI:

2138007DLCYPVY95UD40

b)

Nature of the transaction:

Sale of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

324.5 pence

200,000

 

 

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

a)

Name:

Kitwave Group plc

b)

LEI:

2138007DLCYPVY95UD40

b)

Nature of the transaction:

Sale of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

324.5 pence

100,000

 

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

a)

Name:

Kitwave Group plc

b)

LEI:

2138007DLCYPVY95UD40

b)

Nature of the transaction:

Sale of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

324.5 pence

80,000

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHSSIFDLEDSESW