K3 Business Technology Group PLC Board Changes (2552C)
07 February 2020 - 3:13AM
UK Regulatory
TIDMKBT
RNS Number : 2552C
K3 Business Technology Group PLC
06 February 2020
AIM: KBT
6 February 2020
K3 Business Technology Group plc
("K3" or "the Company")
Board Changes
K3, which provides mission--critical business software, cloud
solutions and managed services, announces the following board
changes.
Stuart Darling, chairman, has notified the company of his
intention to step down from the board at the Company's next AGM in
May. Stuart will cease to act as chairman with immediate effect,
though will remain as a non-executive director (and audit committee
chairman) until the AGM. Pending the appointment of a new chairman,
Jonathan Manley (a non-executive director at K3 since December
2015) will step into the role of interim chairman to ensure
continuity.
Paul Morland, non-executive director, has also notified the
company of his intention to step down from the board at the
Company's next AGM in May. The Company intends to appoint a new
non-executive director to replace Paul in the near future, with a
search for Paul's replacement already well advanced.
Adalsteinn Valdimarsson, CEO, commented:
"I would like to thank Stuart and Paul for their valuable
contribution to the transformational journey that K3 has been on
and wish them all the best in their future endeavours. I would also
like to welcome Jonathan into his interim role as chairman and look
forward to continuing to work with him on the strategic direction
of the business.
"K3 is entering an era of IP led growth that is built on the
technical and business platforms that we have invested in over the
last few years. The search for new board members is underway and
the board will look to ensure that they are able to provide
guidance and support to successfully drive that strategy
forward."
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Enquiries:
K3 Business Technology Adalsteinn Valdimarsson, T: 0161 876 4498
Group plc CEO
Rob Price, CFO
finnCap Limited (NOMAD Julian Blunt/James Thompson T: 020 7220 0500
& Broker) (Corporate Finance)
Camille Gochez (Corporate
Broking)
KTZ Communications Katie Tzouliadis/Dan T: 020 3178 6378
Mahoney
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END
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