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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