AIM: KBT
K3 BUSINESS TECHNOLOGY GROUP PLC
("K3" or "the Group")
Board Appointment
K3, which provides and supports Enterprise Resource Planning software, hosting and managed services to the supply chain industry, is delighted to announce the appointment of Paul Morland as a Non-executive Director, with his appointment taking immediate effect.
A chartered accountant, Paul's background is in securities research where he has been consistently highly ranked as a technology analyst throughout his career. In 2013, he was ranked first for stock picking out of 677 UK analysts in a Factset survey and was ranked first in Europe for earnings estimates in a Starmine survey. Paul was latterly UK technology analyst at Peel Hunt LLP and prior to that, over a period of some 15 years he covered the software and IT services sector at a number of securities houses, including Arbuthnot Securities, Societe Generale and Deutsche Bank AG. The early part of his career in investment banking was at Schroder Investment Management initially as an analyst and then as a fund manager.
Paul has also spent approximately seven years in industry, including as Finance Director at netdecisions, an IT services and consultancy company now trading as Agilisys, divisional Finance Director at Serco plc and Group Accountant at David S. Smith plc, a leading European packaging company.
Paul qualified as a chartered accountant with Price Waterhouse in 1985.
David Bolton, Chief Executive, commented,
"We are delighted to welcome Paul to the Board of K3. His skills and experience add further breadth and depth to our Board and I am confident that the Group will benefit from his counsel at this exciting point in the Company's development."
Disclosures required pursuant to Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies
Paul Gilmer Morland, aged 53 years, is currently a director of Morlands Equity Research Limited and in the last five years has been a director of the following companies:
Peel Hunt LLP
Imaginatik Plc
There is no further information to be disclosed under Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies.
Enquiries:
K3 Business Technology Group plc Tom Milne, Chairman David Bolton, Chief Executive |
Tel: 0161 876 4498 |
finnCap Nominated Adviser and Broker to K3 Julian Blunt /Henrik Persson (corporate finance) Tom Jenkins (corporate broking) |
Tel: 020 7220 0500 |
KTZ Communications Financial PR to K3 Katie Tzouliadis /Deborah Walter |
Tel: 020 3178 6378 |
