Exercise of Options

RNS Number : 6239J

K3 Business Technology Group PLC

08 August 2012

 



KBT

K3 BUSINESS TECHNOLOGY GROUP PLC

('K3' or 'the Company')

Exercise of Options

K3 announces that application has been made for the admission of 3,787 new ordinary shares of 25p each in the Company ("New Ordinary Shares") to trading on AIM following the exercise of options by a former employee under the K3 Business Technology Group Savings Related Share Option Scheme 2010.  The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares of the Company.  

Admission of the 3,787 ordinary shares is expected to become effective at 8.00 a.m. on 14 August 2012.  Subsequently K3 will have 28,481,841 ordinary shares of 25p each in issue with each share carrying the right to one vote, of which 98,613 ordinary shares are held in treasury.

For the purposes of Rule 2.10 of the Takeover Code, subsequent to the issue of the New Ordinary Shares, the Company's issued share capital will consist of 28,383,228 ordinary shares. The International Securities Identification Number for K3's ordinary shares is GB00B00P6061.

In accordance with the FSA's Disclosure and Transparency Rules, the total number of voting rights in the Company will be 28,383,228 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

For further information:

K3 Business Technology Group plc		Andy Makeham, Chief Executive		T: 0161 876 4498
		David Bolton, Chief Finance Officer
finnCap Limited (NOMAD)		Marc Young / Henrik Persson		T: 020 7220 0500
Biddicks		Katie Tzouliadis / Sophie McNulty		T: 020 3178 6378

 

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