AIM: KBT
K3 BUSINESS TECHNOLOGY GROUP PLC
("K3" or "the Group" or "the Company")
Result of General Meeting
K3, which provides business-critical software solutions focused on fashion and apparel brands, is pleased to announce that at today's General Meeting, the Share Capital Reduction was duly approved by Shareholders.
The Company will now apply to the Court for confirmation of the Share Capital Reduction, which will become effective once so confirmed and delivered to, and registered by, the Registrar of Companies in England and Wales.
Expected timetable of remaining principal events
| Final hearing and confirmation of the Share Capital Reduction by the Court | 10 June 2025 |
| Share Capital Reduction becomes effective | by 13 June 2025 |
Further announcements will be notified via a Regulatory Information Service if any of the expected dates referred to above are changed.
Assuming completion of the Share Capital Reduction the Company currently intends to 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.
The proxy votes cast prior to the General Meeting were as follows:
| Resolution | For | % | Against | % | Withheld* |
| 1 | 28,592,819 | 99.99 | 893 | 0.01 | 0 |
*A vote "Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" or "Against" the Resolution.
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 |
| Eric Dodd, Chief Executive Officer |
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| Cavendish Capital Markets (NOMAD & Broker) | Julian Blunt/ Dan Hodkinson (Corporate Finance) Sunila De Silva (Corporate Broking) | T: 020 7220 0500 |
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| KTZ Communications | Katie Tzouliadis/ Robert Morton | T: 020 3178 6378 |
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