K3 Capital Group PLC AGM Statement and Notice of Results (7190U)
October 27 2017 - 2:00AM
UK Regulatory
TIDMK3C
RNS Number : 7190U
K3 Capital Group PLC
27 October 2017
K3 CAPITAL GROUP PLC
("K3", the "Company" and including its subsidiaries, the
"Group")
AGM Statement
and Notice of Results
K3 Capital Group plc, a leading business and company sales
specialist in the UK, is today holding its Annual General Meeting
("AGM") at 11am at the offices of TLT LLP, 3 Hardman Square,
Spinningfields, Manchester, M3 3EB. The Non-Executive Chairman, Ian
Mattioli, will make the following statement at the meeting:
"In our results statement of 11 September, John Rigby, Chief
Executive Officer commented that since 31 May 2017, we can report a
strong start to the new financial year, with trading comfortably in
line with management expectations. We have already completed two
significant transactions, which have each generated transaction
fees in excess of GBP1m. We expect this performance, together with
the momentum gained throughout H2 FY17, to result in sustainable
profit growth in FY18.
The Board is pleased to report that the business continues to
perform well and continues to trade comfortably in line with
management's expectations. All of our KPIs are tracking ahead of
the comparative period last year for each of our business divisions
and K3 continues to achieve solid growth. Driven by the strength of
its service offering, its ability to retain and attract excellent
staff and to win higher quality, 'bigger and better', more
profitable mandates, K3 remains well placed for the future."
Notice of results
The Group expects to announce its results for the six months
ending 30 November 2017 on 16 January 2018.
For further information please contact:
K3 Capital Group plc Tel: c/o Newgate
020 7680 6550
John Rigby, Chief Executive Officer www.k3capitalgroupplc.com
Andrew Melbourne, Chief Financial
Officer
finnCap Ltd (Nominated Adviser and Tel: 020 7220 0500
Sole Broker)
Jonny Franklin-Adams, Emily Watts,
Anthony Adams (Corporate Finance)
Tim Redfern, Richard Chambers (Corporate
Broking)
Newgate Communications Ltd (Financial Tel: 020 7680 6550
PR)
Alistair Kellie, Zoë Pocock, k3capital@newgatecomms.com
James Ash
About K3 Capital
K3 Capital Group plc is a leading business sales and brokerage
firm headquartered in Bolton with operations throughout the UK. It
acts for vendors of businesses from c. GBP50,000 to c. GBP50
million through its three trading subsidiaries Knightsbridge, KBS
Corporate, and KBS Corporate Finance. K3, through its trading
subsidiaries, has received a number of adviser awards, most
recently retaining its number 1 position in the H1 2017 Thompson
Reuters M&A survey for UK deals up to $50m value.
K3 Capital operates a disruptive business model with a direct
marketing approach to client acquisition, using incentivised and
experienced salespeople rather than advisory teams, while its
highly visible online presence and proprietary online business
valuation portal generates further leads. This innovative model,
combined with a continuing strategy towards targeting higher value
clients, are key drivers for growth and profitability.
The Group also offers all clients fully contingent and inclusive
legal fees through its partner relationship with Gateley.
K3 Capital Group trades on the London Stock Exchange (AIM:
K3C.L), having listed on 11 April 2017.
Please visit www.k3capitalgroupplc.com for more information.
This information is provided by RNS
The company news service from the London Stock Exchange
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