Result of AGM & Extension of

RNS Number : 5708M

K3 Business Technology Group PLC

26 May 2010

 



KBT

26 May 2010

K3 BUSINESS TECHNOLOGY GROUP PLC

("K3" or "the Company")

Result of Annual General Meeting

&

Extension of Warrants

K3 announces that, at the Annual General Meeting of the Company, held earlier this morning, all resolutions were duly passed.

In addition, the Company announces that the Subscription Period for Warrants issued pursuant to Warrant Instruments dated 2 April 2007 entitling CA Fastigheter AB, a Swedish company associated with Mr Johan Claesson (a non-executive director of the Company) to subscribe for 500,000 ordinary shares in the capital of the Company at a price per share of 123.5 pence has today been extended to expire upon the date on which a loan made by CA Fastigher AB is repaid by the Company.   All other terms of the Warrants, including the conditions on exercise, remain unaltered.

The extension to the Subscription Period has been made in recognition of the continuing variation of loan repayment terms by CA Fastigheter AB. 

Mr Claesson holds 5,551,982 ordinary shares of 25 pence each in the capital of the Company, representing 21.8 per cent of K3's entire issued share capital.

Enquiries:

K3 Business Technology Group plc	Andy Makeham, Chief Executive David Bolton, Chief Finance Officer	T: 01282 864111
Canaccord Genuity (NOMAD)	Simon Bridges	T: 020 7050 6500
Biddicks	Sophie Lane	T: 020 7448 1000

 

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