REG - K3 Bus Tech Grp PLC - Exercise of warrants, issue of shares and TVR

K3 Business TechnologyAnnouncement

22/05/2025 12:45

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RNS Number : 8267J  K3 Business Technology Group PLC  22 May 2025

AIM: KBT

 

K3 BUSINESS TECHNOLOGY GROUP PLC

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

 

Exercise of warrants, issue of shares and total voting rights

 

K3 announces that it has received a notice of exercise of warrants over K3
ordinary shares of 25p each  ("Shares") from Kestrel Partners LLP
("Kestrel"). These warrants were granted in 2020 in connection to loans made
by Kestrel to the Group in the early phases of the coronavirus pandemic. A
total of 600,000 warrants were granted on 1 April 2020, with the right to
subscribe for the equivalent number of Shares at a price of 25 pence per
Share.

In accordance with the above, on 22 May 2025, 600,000 new Shares were allotted
to Kestrel. Application is being made for the resultant 600,000 new Shares to
be admitted to trading on AIM, the admission of which is expected on or around
29 May 2025.

In accordance with the provision of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, following
the issue of such Shares, its issued ordinary share capital will comprise
45,932,379 Shares, all of which have equal voting rights and none of which are
held in Treasury.  The total number of voting rights in the Company will
therefore be 45,932,379, and this figure may be used by shareholders as the
denominator for the calculations to determine if they are required to notify
their interests in, or change to their interest in, the Company.

 

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/ Dan Hodkinson         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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