26 May 2010 11:59

KBT
26 May 2010
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K3 BUSINESS TECHNOLOGY GROUP PLC
("K3" or "the Company")
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Result of Annual General Meeting
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Extension of Warrants
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K3 announces that, at the Annual General Meeting of the Company, held earlier this morning, all resolutions were duly passed.
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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.
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The extension to the Subscription Period has been made in recognition of the continuing variation of loan repayment terms by CA Fastigheter AB.
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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.
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Enquiries:
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K3 Business Technology Group plc | Andy Makeham, Chief Executive David Bolton, Chief Finance Officer | T: 01282 864111 |
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Canaccord Genuity (NOMAD) | Simon Bridges | T: 020 7050 6500 |
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Biddicks | Sophie Lane | T: 020 7448 1000 |
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