14th Oct 2009 07:00
KBT
14 October 2009
K3 Business Technology Group plc
("K3" or the "Company")
Subscription Period for Warrants
K3 announces that the Subscription Period for Warrants issued pursuant to a Warrant Instrument dated 23 June 2005, entitling Johan Och Marianne Claesson AB, a Swedish company associated with non-executive director, Mr Johan Claesson, to subscribe for 400,000 ordinary shares in the capital of the Company, at a price per share of 90 pence, has today been extended by a period of twelve months, to expire on 31 December 2010. All other terms of the Warrants remain unaltered.
The extension to the Subscription Period relates to loan repayment terms by CA Fastigheter AB, a company associated with Mr Claesson.
Mr Claesson holds 5,521,982 ordinary shares of 25 pence each in the capital of the Company, representing 21.63 per cent of K3's issued share capital.
Enquiries
|
K3 Business Technology Group plc |
Andy Makeham, Chief Executive Officer |
Tel: 0161 876 4498 |
|
David Bolton, Chief Financial Officer |
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|
Daniel Stewart & Co plc (NOMAD) |
Paul Shackleton |
Tel: 020 7776 6550 |
|
Biddicks |
Katie Tzouliadis |
Tel: 020 7448 1000 |
Related Shares:
K3 Business Technology Group