TIDMKBT

RNS Number : 4008D

K3 Business Technology Group PLC

28 October 2020

AIM: KBT

K3 BUSINESS TECHNOLOGY GROUP PLC

("K3" or "the Company")

APPOINTMENT OF CHAIRMAN

K3, which provides mission--critical business software, cloud solutions and managed services, is pleased to announce the appointment of Tom Crawford as Non-executive Chairman. Jonathan Manley, who has been acting as Interim Chairman since February 2020, will assume his previous position as a non-executive director. These changes take immediate effect.

Tom has substantial experience of the software industry, both in the UK and internationally, including Europe and North America. He has a successful track record of growing and developing product-based software businesses, and was, until January 2020, Chief Executive Officer of Aptitude Software Group Plc, the global financial management software company. Before that, he led the expansion of a number of the Group's divisions.

The Board wishes to thank Jonathan for his guidance as Chairman while this recruitment process was under way.

Jonathan Manley, previously Interim Chairman, commented,

"We are delighted to welcome Tom to the Board of K3 as Chairman. He brings significant relevant experience and will be a tremendous asset as we drive the development of our flagship product, K3|imagine."

Tom Crawford, Non-executive Chairman, commented,

"I share the Board's view of the significant potential for K3|imagine to be a powerful platform for customers and for K3's profitable growth as sales gain traction. I very much look forward to working with the Board as we continue to develop new opportunities to realise the full potential of our exciting technology."

Additional information:

Tom Crawford, aged 52 years, held the following directorships within the last five years:

 
 --   Aptitude Software Group Plc 
 --   Aptitude Software Limited 
 --   Aptitude Software Services Limited

Save as set out in this announcement there are no further matters to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

 
 K3 Business Technology   Adalsteinn Valdimarsson,        T: 0161 876 
  Group plc                CEO                                   4498 
                           Rob Price, CFO 
 finnCap Limited (NOMAD   Julian Blunt/ James Thompson    T: 020 7220 
  & Broker)                (Corporate Finance)                   0500 
                           Richard Chambers (Corporate 
                           Broking) 
 KTZ Communications       Katie Tzouliadis/ Dan Mahoney   T: 020 3178 
                                                                 6378

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END

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