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LONDON - K3 Business Technology Group PLC (AIM:KBT), a provider of software solutions for fashion and apparel brands, has announced the upcoming retirement of its CEO, Eric Dodd, effective September 30, 2025. Dodd, who joined K3 as Chief Financial Officer in April 2023 and later became CEO, has been credited with significant contributions to the company’s cost restructuring and strategic simplification.
The announcement comes alongside news of the recent sale of NexSys Solutions Limited, K3’s largest business unit. Following this divestiture, the company has revealed plans to potentially return approximately £29 million to its shareholders, pending approval from both shareholders and the Court. In conjunction with this potential capital return, K3 is also consulting shareholders about the possibility of delisting from the AIM stock exchange.
The board has expressed its gratitude to Dodd for his service and the pivotal role he has played in the company’s efforts to enhance shareholder value. In light of the strategic changes, the board does not plan to appoint a direct successor for Dodd. Instead, the heads of the remaining business units will report directly to the board. However, should the proposed delisting not take place, the board may revisit this decision.
This development represents a significant shift in K3’s operational structure and could mark a new phase for the company as it navigates its future in the public market. The information provided in this announcement is considered inside information as per the Market Abuse Regulation (EU) 596/2014 as it is part of UK domestic law under the European Union (Withdrawal) Act 2018.
The company’s announcement is based on a press release statement and reflects the latest strategic decisions made by K3’s board of directors.
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