K3 Business Technology Group PLC Result of General Meeting

RNS Number : 8031Q

K3 Business Technology Group PLC

19 December 2024

 

AIM: KBT                                      

K3 Business Technology Group plc

("K3" or "the Company")

 

Result of General Meeting to approve the Disposal of

NexSys Solutions Limited for £36.0m

 

K3, the provider of business-critical software solutions focused on fashion and apparel brands, is pleased to announce that at a general meeting of the Company, held today pursuant to Rule 15 of the AIM Rules for Companies, the resolution to approve the sale of NexSys Solution Limited to SYSPRO, which is operated by Safari UK Bidco Limited, a company controlled by funds managed and/or advised by Advent International, LP, was passed by shareholders voting on a poll.

 

The results of the poll are set out below.

 

Votes for	%	Votes against	%	Total votes	% of issued share capital voted	Votes withheld
40,797,860	100	0	0	40,797,860	91.2%	0

 

Completion of the sale is expected to be on or around 8 January 2025 when the Company will receive total cash consideration of £36.0 million (£34.4 million after deducting transaction costs).

 

Enquiries:

 

K3 Business Technology Group plc www.k3btg.com	Oliver Scott, Chairman Eric Dodd, Chief Executive Officer	T: c/o 020 3178 6378
Cavendish Capital Markets (NOMAD & Broker)	Julian Blunt/ Dan Hodkinson (Corporate Finance) Sunila De Silva (Corporate Broking)	T: 020 7220 0500
KTZ Communications	Katie Tzouliadis/ Robert Morton	T: 020 3178 6378

 

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