AIM: KBT
K3 Business Technology Group plc
("K3" or "the Company")
Board Changes
K3, the provider of business-critical software solutions focused on fashion and apparel brands, announces that Executive Chairman, Tom Crawford, will be stepping down from his current role to become a Non-executive Director. This change of role will take effect with the publication of the Company's interim results, due in mid-July. It reflects Tom's need to reduce his work commitments in light of the health condition of a close family member.
In addition, with effect from today, Eric Dodd, Chief Financial Officer, will take up the role of Chief Executive Officer, and Lavinia Alderson, Group Corporate Finance Director, is appointed as Chief Financial Officer.
Lavinia Alderson joined K3 in December 2020 as Group Corporate Finance Director. She has significant commercial and financial experience, having previously been Finance Director of Concept Life Sciences, which provides market-leading scientific services globally and, before that, Head of Finance UK Support & Governance at Cape plc, the energy services company. She qualified as a chartered accountant at PwC in 2003.
The Board confirms that the Group remains on track to perform in line with its expectations for the current financial year.
Regulatory disclosures
In accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies, K3 reports that Lavinia Marie Alderson (née Richards), aged 46 years, has 256 shares in the Company. She holds no directorships or partnerships nor has she done so in the last five years.
Save as disclosed above, there is no further information required to be disclosed in respect of the above appointment pursuant to Rule 17 and Schedule 2 (g) of the AIM Rules for Companies.
Enquiries:
| K3 Business Technology Group plc | Tom Crawford, Executive Chairman Eric Dodd, Chief Executive Officer | T: 020 3178 6378 c/o KTZ Communications
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| Cavendish Capital Markets (NOMAD & Broker) | Julian Blunt/ Dan Hodkinson (Corporate Finance) Sunila De Silva (Corporate Broking) | T: 020 7220 0500 |
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| KTZ Communications | Katie Tzouliadis/ Robert Morton | T: 020 3178 6378 |
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.
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