TIDMK3C
RNS Number : 3018K
K3 Capital Group PLC
01 September 2021
K3 CAPITAL GROUP PLC
("K3", the "Company" and including its subsidiaries, the
"Group")
Admission of Earn Out Consideration Shares and Total Voting
Rights
K3 Capital Group plc, a multi-disciplinary professional services
firm providing advisory services to SMEs, announces that further to
the acquisitions of randd uk limited ("randd") and Quantuma
Advisory Limited, a holding company containing the assets of
Quantuma LLP ("Quantuma"), as announced on 29 June 2020 and 3
August 2020, respectively, it has issued and allotted 104,918 and
359,356 new ordinary shares of 1 penny each ("Ordinary Shares"),
respectively, pursuant to the first tranches of earn out shares in
relation to both acquisitions.
Admission and Total Voting Rights
Accordingly, application has been made for an aggregate of
464,274 new Ordinary Shares to be admitted to trading on AIM
("Admission") and dealings are expected to commence on 6 September
2021.
The 464,274 new Ordinary Shares will rank pari passu with the
existing issued Ordinary Shares and will have the right to receive
all dividends and other distributions declared, made or paid in
respect of the Ordinary Shares following Admission.
The total number of Ordinary Shares in issue following Admission
will be 73,190,783. Accordingly, the figure of 73,190,783 may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in the Company under the
FCA's Disclosure Guidance and Transparency Rules.
John Rigby, K3's CEO, commented,
"We are delighted to be paying out the first tranche of earn out
shares with respect to the acquisitions of randd and Quantuma off
the back of their continued strong performance."
For further information, please contact:
K3 Capital Group plc Tel: c/o finnCap 020 7220
0500
John Rigby, Chief Executive Officer www.k3capitalgroupplc.com
Andrew Melbourne, Chief Financial Officer
finnCap Ltd (Nominated Adviser and Joint Tel: 020 7220 0500
Broker)
Jonny Franklin-Adams, Charlie Beeson, George Dollemore (Corporate
Finance)
Tim Redfern, Richard Chambers (Corporate
Broking)
Canaccord Genuity Limited (Joint Broker) Tel: 020 7523 8000
Bobbie Hilliam (Corporate Broking)
Alex Aylen (Head of Equities)
About K3 Capital
K3 Capital Group plc is a multi-disciplinary professional
services firm providing advisory services to SMEs, with operations
throughout the UK and overseas.
Services provided by K3 M&A Advisory Group:
-- Mergers and Acquisitions (M&A) - Company sales, brokerage
and corporate finance services to SME's looking to achieve full or
partial exit, advising on sales to private, trade, plc, private
equity or overseas acquirors. Strategic advisory and valuations,
financial due diligence and debt advisory.
Services provided by K3 Tax Advisory Group:
-- Research & Development tax credit advisory: advising
clients on Research and Development Tax Credit (RDTC) claims.
-- Intax: Tax investigations relating to tax fraud / tax
avoidance / disclosures and code of practice 9 (COP9) related
work.
Services provided by K3 Restructuring Advisory Group:
-- Restructuring advisory: formal insolvency appointments,
informal restructuring advisory, personal insolvency and pension
restructuring and insolvency advice.
-- Financial advisory: comprehensive analysis of business
performance through business toolkit, independent reviews,
stakeholder management and turnaround and interim support.
-- Creditor Services: creditor representation and liquidations.
-- Forensic accounting and expert witness: forensic
investigations, intelligence and forensic accounting.
The Group's medium-term strategy is to build a wider group of
growing and complementary professional services businesses to
provide SMEs with high quality advice across specialist
disciplines.
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.
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