Warrant Subscription Period

RNS Number : 3491B

K3 Business Technology Group PLC

16 February 2011

 



KBT

K3 Business Technology Group plc

("K3" or the "Company")

Re Subscription Period for Warrants

K3 announces that the Subscription Period for Warrants, issued pursuant to a Warrant Instrument dated 23 June 2005 and entitling Johan Och Marianne Claesson AB to subscribe for 400,000 ordinary shares in the Company at a price per share of 90 pence, was extended on 24 November 2010 to expire on the date on which the Company repays a loan to CA Fastigheter AB.  All other terms of the Warrants remain unaltered.  

Johan Och Marianne Claesson AB and CA Fastigheter AB are companies associated with Mr Johan Claesson, a non-executive director of the Company.

Mr Claesson holds 5,551,982 ordinary shares of 25 pence each in the capital of the Company, representing 21.54% of K3's entire issued share capital.

Enquiries:

K3 Business Technology	Andy Makeham, Chief Executive	T: 0161 876 4498
Group plc	David Bolton, Chief Finance Officer
Canaccord Genuity Limited (NOMAD)	Simon Bridges / Kit Stephenson	T: 020 7050 6500
Biddicks	Katie Tzouliadis / Sophie Lane	T: 020 3178 6378

 

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