16 Dec 2008 07:00
K3 Business Technology Group plc ("K3" or the "Company")
Director dealing
K3 announces that the Subscription Period for Warrants issued pursuant to a Warrant Instrument dated 23 June 2005 entitling Johan Och Marianne Claesson AB, a Swedish company associated with Mr Johan Claesson (a non-executive director of the Company) to subscribe for 400,000 ordinary shares in the capital of the Company at a price per share of 90 pence has today been extended from 31 December 2008 to expire on 31 December 2009. All other terms of the Warrants 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, a company associated with Mr Claesson.
Mr Claesson holds 4,151,448 ordinary shares of 25 pence each in the capital of the Company, representing 17.5 per cent of K3's entire issued share capital.
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For further information:
K3 Business Technology Group plc
David Bolton, Chief Finance Officer Tel: 01282 864 111
Daniel Stewart & Company plc
Paul Shackleton Tel: 020 7776 6550
Biddicks
Kate Tzouliadis Tel: 020 7448 1000
K3 Business Technology Group (KBT)