9th Nov 2020 07:00
K3 CAPITAL GROUP PLC
("K3", the "Company" and including its subsidiaries the "Group")
Completion of Integration Plan
K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, is pleased to announce that it has successfully completed the integrations of randd and Quantuma in line with management's 100-day integration plan. As part of this process, management have streamlined and consolidated certain Group functions such as finance, human resources and marketing, creating certain expected cost synergies in the process. Both businesses are performing well and the Company is already seeing cross-selling across the Group as well as healthy pipeline growth within the business divisions. We look forward to updating the market with a trading update following the close of our first half to 30 November 2020.
Furthermore, Brendan Malloy, founder of randd, last week purchased a further 669,064 ordinary shares of 1 penny each in the Company (representing 1.0% of the Company's current issued share capital), demonstrating his confidence in the strategy of the enlarged Group.
John Rigby, K3's CEO, commented,
"We are delighted with the progress that we have made in respect of the integration of randd and Quantuma into the Group, in what we consider to be a relatively short time frame. We are grateful for the support from all of our employees in bringing the businesses together and remain confident in the Group's prospects."
For further information, please contact:
K3 Capital Group plc | Tel: c/o finnCap 020 7220 0500 |
John Rigby, Chief Executive Officer | www.k3capitalgroupplc.com |
Andrew Melbourne, Chief Financial Officer |
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finnCap Ltd (Nominated Adviser and Broker) | Tel: 020 7220 0500 |
Jonny Franklin-Adams, Emily Watts, Charlie Beeson (Corporate Finance) | |
Tim Redfern, Richard Chambers (Corporate Broking)
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About K3 Capital
K3 Capital Group plc is a multi-disciplinary professional services firm providing advisory services to SMEs, with operations throughout the UK and overseas.
Services provided by KBS Corporate, KBS Corporate Finance, Knightsbridge and KBS Capital Markets:
Services provided by RandD UK Limited:
Services provided by Quantuma Advisory Limited:
The Group's medium-term strategy is to build a wider group of growing and complementary professional services businesses to provide SME's with high quality advice across specialist disciplines.
K3 Capital Group trades on the London Stock Exchange (AIM: K3C.L), having listed on 11 April 2017. Please visit www.k3capitalgroupplc.com for more information.
Related Shares:
K3C.L