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 |
| Eric Dodd, Chief Executive Officer |
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| Cavendish Capital Markets (NOMAD & Broker) | Julian Blunt/ Callum Davidson (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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