After a resources review which has highlighted the varying performance amongst the different business units, subject to General Meeting K3 has raised £7.5m at 140p (with a further potential £1m in open offer) in order to shore up working capital and allow headroom to deal with the breakeven and loss-making divisions. The significant majority of the group’s 3,700 customers are SMEs serviced by profitable business units, providing stable profit and cash flow. By dealing with t
12 Jun 2017
Proposed placing
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Proposed placing
K3 Business Technology Group PLC (KBT:LON) | 108 0 0.0% | Mkt Cap: 48.3m
- Published:
12 Jun 2017 -
Author:
Andrew Darley -
Pages:
16
After a resources review which has highlighted the varying performance amongst the different business units, subject to General Meeting K3 has raised £7.5m at 140p (with a further potential £1m in open offer) in order to shore up working capital and allow headroom to deal with the breakeven and loss-making divisions. The significant majority of the group’s 3,700 customers are SMEs serviced by profitable business units, providing stable profit and cash flow. By dealing with t