REG - K3 Bus Tech Grp PLC - Completion of Capital Reduction

K3 Business TechnologyAnnouncement

24/06/2025 12:15

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RNS Number : 2025O  K3 Business Technology Group PLC  24 June 2025

24 June 2025

K3 BUSINESS TECHNOLOGY GROUP PLC

("K3" or "the Group" or "the Company")

Completion of Capital Reduction

K3, which provides business-critical software solutions focused on fashion and
apparel brands, announces the completion of the Capital Reduction.

Accordingly, the Company has applied for the re-admission of its issued share
capital at the revised nominal value, comprising 45,932,379 ordinary shares of
£0.05 per share ("Ordinary Shares"), to trading on AIM. Following Admission,
expected to take place tomorrow, 25 June 2025, the number of Ordinary Shares
in issue remains unchanged at 45,932,379. The Company's ticker and ISIN also
remain unchanged.

As previously announced, the Company will put proposals to Shareholders for
the return of approximately £29 million in cash to members by way of a Tender
Offer and to de-list the Company's Ordinary Shares from AIM as soon as
practicable after the Tender Offer.

Capitalised terms used in this announcement have the meaning given to them in
the Company's circular dated 3 April 2025 unless the context required
otherwise.

Enquiries:

 K3 Business Technology Group plc       Oliver Scott, Chairman              T: c/o 020 3178 6378
 www.k3btg.com (http://www.k3btg.com/)  Eric Dodd, Chief Executive Officer

 Cavendish Capital Markets              Julian Blunt/ Callum Davidson       T: 020 7220 0500

 (NOMAD & Broker)                       (Corporate Finance)

                                        Sunila De Silva

                                        (Corporate Broking)

 KTZ Communications                     Katie Tzouliadis/ Robert Morton     T: 020 3178 6378

 

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