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The latest update is out from K3 Business Technology ( (GB:KBT) ).
K3 Business Technology Group PLC has announced plans to return approximately £29 million to shareholders following the sale of NexSys Solutions Limited. The return of capital is contingent upon a share capital reduction, which requires shareholder approval and a court order. The company is also considering a potential de-listing from AIM to further streamline operations and reduce costs, with consultations planned with shareholders before any decision is made.
More about K3 Business Technology
K3 Business Technology Group PLC operates in the software industry, providing business-critical software solutions primarily focused on fashion and apparel brands. The company aims to deliver value to shareholders through financial discipline, simplification by selling non-core businesses, and investing in profitable growth opportunities.
YTD Price Performance: 20.25%
Average Trading Volume: 11,763
Technical Sentiment Signal: Buy
Current Market Cap: £42.45M
Learn more about KBT stock on TipRanks’ Stock Analysis page.