K3 Business Technology Group PLC
28 April 2004
K3 Business Technology Group plc is pleased to announce that all resolutions
proposed at today's Annual General Meeting and Extraordinary General Meeting
were duly passed, including a resolution approving details of a share
consolidation, full details of which were announced on 6 April 2004.
Under the share consolidation the existing ordinary shares of 5p in the Company
are being consolidated on the basis of one new ordinary share for every five
existing ordinary shares. The consolidation is being effected by reference to
shareholders and their existing shareholdings on the register as at the close of
business on 28 April 2004.
Trading in the new ordinary shares on the Alternative Investment Market is
expected to commence on 29 April 2004.
Also at today's AGM, George Matthews, Non-Executive Chairman, gave the following
update on current trading:
'In the first three months of 2004 trading is in line with expectations. As
previously announced we have completed the sale of our Crewe operations in March
and the purchase of the outstanding shares in PSE in April. PSE's main product
Elucid has won two new orders totalling £110,000 since the acquisition was
The CRM development programme at Walton in on target and we have an encouraging
pipeline of prospects following joint marketing with Microsoft that has resulted
in three business orders approaching £100,000.
We are also considering some other acquisitions that will extend our footprint
across the supply chain.'
K3 Business Technology Group Andy Makeham, Chief Executive T: 01282 864111
David Bolton, Finance Director T: 01282 864111
Biddicks Katie Tzouliadis/Kathryn van der Kroft T: 020 7448 1000
Rowan Dartington & Co. Barrie Newton T: 0117 933 0011
This information is provided by RNS
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