K3 BUSINESS TECHNOLOGY GROUP PLC

Major Shareholding Notification • Jun 2, 2021

National Storage Mechanism | Additional information

RNS Number : 6021A

K3 Business Technology Group PLC

02 June 2021

TR-1: Standard form for notification of major holdings

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached•:			K3 Business Technology Group PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Details of person subject to the notification obligation
Name			Kestrel Partners LLP
City and country of registered office (if applicable)			LONDON, UK
4. Full name of shareholder(s) (if different from 3.),
Name			Kestrel Opportunities, a cell of Guernsey Portfolios PCC Ltd (through Bank of New York Nominees Ltd) and various other clients of Kestrel Partners LLP (through JIM Nominees Ltd, Bank of New York Nominees Ltd)
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached:			28 May 2021
6. Date on which issuer notified:			01 June 2021
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	1% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	24.44%			24.44%	44,732,379
Position of previous notification (if applicable)	25.29%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rights.		% of voting rights
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ordinary Shares of 25p each ISIN GBOOBOOP6O61	N/A	10,931,459	N/A	24.44%
SUBTOTAL 8. A	10,931,459		24.44%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 200411091EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration date.	Exercise/ Conversion Period-	Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights
		SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 200411091EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date.	Exercise/ Conversion Period xi	Physical or cash settlement-	Number of voting rights	% of voting rights
			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)				X
Name-	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Bank of New York Nominees Ltd	18.99%		18.99%
JIM Nominees Limited	0.15%		0.15%
Bank of New York Nominees Ltd	5.30%		5.30%

10. In case of proxy voting, please identify:
Name of the proxy holder	N/A
The number and % of voting rights held	N/A
The date until which the voting rights will be held	N/A

	11. Additional information
	The indirect voting rights held under (9) relate to shares held in client portfolios managed by Kestrel Partners LLP under discretionary investment management agreements
	Place of completion	London
	Date of completion	28/05/21

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