K3 Business Technology Group Completes Capital Reduction
Why we think this is neutral
This RNS announcement is a general update on the completion of a capital reduction, which does not provide any specific financial or operational details that would significantly impact the company's performance. The news is neutral in nature.
Key Points
- Completion of capital reduction
- Issued share capital now comprises 45,932,379 ordinary shares of £0.05 per share
- Company to put proposals to shareholders for return of £29 million in cash and de-listing from AIM
Summary
K3 Business Technology Group plc has announced the completion of a capital reduction. The company's issued share capital now comprises 45,932,379 ordinary shares of £0.05 per share. The company's ticker and ISIN remain unchanged, and the number of ordinary shares in issue remains unchanged at 45,932,379. The company will now put proposals to shareholders for the return of approximately £29 million in cash to members by way of a Tender Offer and to de-list the company's ordinary shares from AIM as soon as practicable after the Tender Offer.