TIDMKBT

RNS Number : 2372D

K3 Business Technology Group PLC

17 February 2020

AIM: KBT

17 February 2020

K3 Business Technology Group plc

("K3" or "the Company")

Board Appointment

K3, which provides mission -- critical business software, cloud solutions and managed services, is pleased to announce the appointment of Oliver Scott as a non-executive director, with immediate effect.

Oliver is a partner of Kestrel Partners LLP, the independent investment manager, which he co-founded in 2009. Prior to this, Oliver spent 20 years advising smaller quoted and unquoted companies, latterly as a director of KBC Peel Hunt Corporate Finance. He is currently a non-executive director of IDOX PLC and ULS Technology PLC, and was previously a non-executive director of IQGeo Group PLC and KBC Advanced Technology PLC.

Kestrel invests in small and microcap UK listed companies with a particular focus on the enterprise software and services sector, and is K3's largest shareholder, with a current holding representing 23.4% of the Company's share capital.

Adalsteinn Valdimarsson, CEO of K3, commented:

"Oliver brings a wealth of experience to the Board and, in his role at Kestrel, has been one of K3's longest standing and largest shareholders. He brings significant public markets and technology investment knowledge and we look forward to working with him."

In accordance with Schedule 2(g) of the AIM Rules, Oliver Rupert Andrew Scott (aged 52) holds or has held in the past 5 years the following directorships and partnerships:

 
 Current                         Past 5 Years 
 Kestrel Partners LLP            IQGeo Group PLC 
 Kestrel Investment Partners     Ubisense PLC 
  LLP 
 IDOX PLC                        KBC Advanced Technology PLC 
 ULS Technology PLC 
 IDOX Trustees Limited 
 6PM Holdings PLC 
 ClearSpeed Technology Limited 
 ZF Acquisitions Limited 
 Kestrel Technology Holdings 
  Ltd 
 Take 3.4 Film Partnership LLP

Save for the disclosures above, there are no further disclosures to be made in accordance with Rule 17 and Schedule 2(g) of the AIM Rules.

Enquiries:

 
 K3 Business Technology  Adalsteinn Valdimarsson,    T: 0161 876 4498 
  Group plc               CEO 
                          Rob Price, CFO 
finnCap Limited (NOMAD   Julian Blunt / James        T: 020 7220 0500 
 & Broker)                Thompson (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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February 17, 2020 07:32 ET (12:32 GMT)

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