Issue of Equity

15 Dec 2006 16:53

K3 Business Technology Group PLC15 December 2006 K3 BUSINESS TECHNOLOGY GROUP PLC ('K3' or 'the Company') ISSUE OF EQUITY K3, the IT solutions provider, announces that it has applied for 605,820ordinary shares of 25p each ('Ordinary Shares') to be admitted to trading onAIM. These shares were issued to Per Johan Claesson as payment for anoutstanding loan of £541,000. The conversion of the loan into equity wasapproved by shareholders at the AGM on 27 July 2005.Admission is expected on 15December 2006. The Company has 19,290,719 Ordinary Shares of 25p each in issue. K3 Business Technology Group plc Tel: 01282 864111 Andy Makeham, Chief Executive Officer David Bolton, Chief Financial Officer This information is provided by RNS The company news service from the London Stock Exchange