K3 Capital Group PLC Directorate Change (3023L)

TIDMK3C

RNS Number : 3023L

K3 Capital Group PLC

18 July 2017

18 July 2017

K3 CAPITAL GROUP PLC

("K3", the "Company" and including its subsidiaries, the "Group")

Directorate Changes

Appointment of Non-Executive Director and Executive Director

K3 Capital Group plc, a leading business and company sales specialist in the UK, has strengthened its Board and senior management team with the appointment of Martin Robinson as an independent Non-Executive Director of the Company and Stuart Lees as Executive Director, both with immediate effect.

The two appointments give the Company additional AIM and financial services experience and strengthen the corporate advisory parts of the business at an important time for K3.

Martin Robinson is a highly experienced private and public company director with over 25 years' experience in financial services. He currently serves on the board of a number of the subsidiary companies of AIM-quoted Brooks Macdonald Group Plc, the integrated wealth management group. Martin joined Brooks Macdonald in 2010, and has since most notably been appointed as Executive Chairman of Brooks Macdonald Funds Limited in 2011, which establishes and manages a range of property based funds and in 2012 as Non-Executive Chairman of Braemar Estates (Residential) Limited, which provides block management services to apartment freeholders.

Stuart Lees has primarily been involved with an advisory role assisting larger transactions within KBS Corporate Finance. The Board now believes that the Group will take greater benefit from Stuart's expertise upon him taking a more formal, active role as an Executive Director, by aligning his interests more closely with the success of the business.

Commenting on the two appointments, Chief Executive Officer of K3, John Rigby, stated:

"We are delighted to welcome Martin to the Board of K3 and are pleased that the Group has attracted a director of Martin's calibre and experience. We are confident that Martin's significant AIM-company and financial services experience will prove highly valuable to the Board during this exciting period for the Group.

"It is also a pleasure to announce that Stuart will be taking an executive role on the Board as he continues to play an important role in realising the growth potential of the KBS Corporate and KBS Corporate Finance divisions going forward."

Appointment of Martin Robinson as Non-Executive Director

Martin Robinson is currently a Non-Executive Director of Hambledon Vineyard plc and previously held the roles of Non-Executive Chairman and Non-Executive Director at Plant Impact plc, an AIM-quoted manufacturer of agricultural chemicals. He was Chief Executive Officer at Henry Cooke Group plc, a stockbroking and investment management business and a director at Brown Shipley & Co Ltd, a private bank.

Martin is a Fellow of the Institute of Chartered Accountants in England and Wales and was previously on the AIM Advisory Committee as a founder member, overseeing the development and regulation of the market in 1995.

The following information regarding the appointment of William Martin Robinson, aged 59, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

 
 Current directorships                                     Former directorships and/or 
  and/or partnerships:                                      partnerships (within the 
                                                            last five years): 
 
     *    Braemar Agricultural Land Investments Limited        *    A.C.A. Limited 
          (Guernsey) 
 
                                                               *    Azure House Ground Rents Limited 
     *    Braemar Estates Mortgages and Finance Limited 
 
                                                               *    Banbury Ground Rents Limited 
     *    Braemar Estates (Residential) Limited 
 
                                                               *    Brooks Macdonald Investment Funds plc 
     *    Braemar Facilities Management Limited 
 
                                                               *    BSA001 Limited 
     *    Braemar Group Limited 
 
                                                               *    BSA002 Limited 
     *    Braemar Group PCC Limited (Guernsey) 
 
                                                               *    Clapham One Ground Rents Limited 
     *    Brooks Macdonald Funds Limited 
 
                                                               *    East Anglia Ground Rents Limited 
     *    BUAL Acquisitions No. 1 Limited 
 
                                                               *    Enclave Court Ground Rents Limited 
     *    GRIF Cosec Limited 
 
                                                               *    Gateway (Leeds) Ground Rents Limited 
     *    Hambledon Vineyard plc 
 
                                                               *    Halycon Wharf Ground Rents Limited 
     *    Hambledon Wineries Limited 
 
                                                               *    Masshouse Block HI Limited 
     *    Levitas Investment Management Services Limited 
 
                                                               *    Masshouse Ground Rents Limited 
     *    UK Farming Limited 
 
                                                               *    Masshouse Residential Block HI Limited 
 
 
                                                               *    Midlands Ground Rents Limited 
 
 
                                                               *    Nikal Humber Quay Residential Limited 
 
 
                                                               *    North West Ground Rents Limited 
 
 
                                                               *    Northwest Houses Ground Rents Limited 
 
 
                                                               *    Plant Impact Plc 
 
 
                                                               *    Postbox Ground Rents Limited 
 
 
                                                               *    Sport Media Group Plc 
 
 
                                                               *    The Manchester Ground Rent Company Limited 
 
 
                                                               *    TMG001 Limited 
 
 
                                                               *    TMG002 Limited 
 
 
                                                               *    TMG003 Limited 
 
 
                                                               *    TMG004 Limited 
 
 
                                                               *    XQ7 Ground Rents Limited 
 

As at the date of this announcement, Mr Robinson does not have an interest in the ordinary shares of the Company.

There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.

Appointment of Stuart Lees as Executive Director

Stuart Lees is a highly respected corporate financier and was previously Managing Director of Altium and head of corporate finance at Arthur Andersen in the UK. Stuart has a wealth of business experience and held the position of Group CEO of Latium Holdings Limited from 2004 to 2009, acquiring Ultraframe plc, Spectus Systems, Kestrel Building Products and the successful disposal of Everest Home Improvements, which was sold in 2007 in a deal valued at GBP150m.

Since the K3's admission to AIM in April 2017, Stuart Lees has served as non-executive director to the Company.

For further information please contact:

 
 K3 Capital Group plc                       Tel: c/o Newgate 
                                             020 7680 6550 
 John Rigby, Chief Executive Officer        www.k3capitalgroupplc.com 
 Andrew Melbourne, Chief Financial 
  Officer 
 
 finnCap Ltd (Nominated Adviser and         Tel: [phone] 
  Sole Broker) 
 Jonny Franklin-Adams, Emily Watts, 
  Anthony Adams (Corporate Finance) 
 Tim Redfern, Richard Chambers (Corporate 
  Broking) 
 
 Newgate Communications Ltd (Financial      Tel: [phone] 
  PR) 
 Alistair Kellie, Zoë Pocock,          [e-mail] 
  James Ash 
 

About K3 Capital

K3 Capital Group plc is a leading business sales and brokerage firm headquartered in Bolton with operations throughout the UK. It acts for vendors of businesses from c. GBP50,000 to c. GBP50 million through its three trading subsidiaries Knightsbridge, KBS Corporate, and KBS Corporate Finance. K3, through its trading subsidiaries, has received a number of adviser awards, most recently retaining its number one position in the H1 2017 Thomson Reuters M&A survey for UK deals up to $50m value.

K3 Capital operates a disruptive business model with a direct marketing approach to client acquisition, using incentivised and experienced salespeople rather than advisory teams, while its highly visible online presence and proprietary online business valuation portal generates further leads. This innovative model, combined with a continuing strategy towards targeting higher value clients, are key drivers for growth and profitability.

The Group also offers all clients fully contingent and inclusive legal fees through its partner relationship with Gateley.

K3 Capital Group trades on the London Stock Exchange (AIM: K3C.L), having listed on 11 April 2017.

Please visit www.k3capitalgroupplc.com for more information.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 18, 2017 02:00 ET (06:00 GMT)