REG - K3 Bus Tech Grp PLC - Update re. Capital Reduction

K3 Business TechnologyAnnouncement

Wed 13:30

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RNS Number : 4386M  K3 Business Technology Group PLC  11 June 2025

11 June 2025

K3 BUSINESS TECHNOLOGY GROUP PLC

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

Update on Capital Reduction

K3, which provides business-critical software solutions focused on fashion and
apparel brands, announces that it has received the requisite confirmation from
the Court to enable completion of the Share Capital Reduction, further details
of which were set out in the Company's announcement and explanatory circular,
dated 3 April 2025.

The Capital Reduction will become effective once the relevant filings have
been registered with the Registrar of Companies in England and Wales, expected
shortly. The Company will make a further announcement confirming the effective
date of the Capital Reduction.

As previously announced, following completion of the Capital Reduction 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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