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LONDON - K3 Business Technology Group PLC (AIM:K3B), a provider of business-critical software solutions for fashion and apparel brands, announced Monday the results of its tender offer that closed on July 18, 2025.
The company has successfully purchased 34,117,647 of its ordinary shares at a price of 85 pence per share, representing approximately 74.3 percent of its existing issued share capital. The tender offer received valid tenders for 33,797,331 shares through shareholders’ basic entitlements, with excess applications for an additional 10,144,370 shares.
All valid tenders were satisfied in full for basic entitlements, while excess applications were partially fulfilled based on a proportional basis, with 320,316 shares accepted through excess tenders.
Following the share repurchase and cancellation, K3’s ordinary issued share capital will be reduced to 11,814,732 shares with equivalent voting rights.
The company expects to settle payments for successfully tendered shares by July 28, 2025, with CREST accounts credited and cheques dispatched by that date.
K3 also confirmed its planned delisting from the AIM market, with the last day of trading scheduled for July 29, 2025, and the cancellation of admission to trading effective July 30, 2025.
The information was disclosed in a regulatory announcement based on a company press release statement.
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