22nd May 2025 12:42
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 | Eric Dodd, Chief Executive Officer | |
Cavendish Capital Markets (NOMAD & Broker) | Julian Blunt/ Dan Hodkinson (Corporate Finance) Sunila De Silva (Corporate Broking) | T: 020 7220 0500 |
KTZ Communications | Katie Tzouliadis/ Robert Morton | T: 020 3178 6378 |
Related Shares:
K3 Business Technology Group