11 July 2016
AIM: KBT
K3 Business Technology Group plc
("K3" or "the Company")
Appointment of Non-executive Director
K3, which provides and supports Enterprise Resource Planning software, hosting and managed services to the supply chain industry, is pleased to announce the appointment of Adalsteinn Valdimarsson to the Board of K3 as a Non-executive Director, with immediate effect.
Mr. Valdimarsson has over 20 years of experience in the software industry and has founded and led the expansion of a number of product-based software companies. He has significant experience in the retail software sector and in particular with the Microsoft Dynamics platform. Most recently, he was the Chairman of LS Retail, the supplier of retail and hospitality solutions and Microsoft Dynamics ISV of the year 2015. Prior to that, he was Executive Chairman of Hands Holding, where he was responsible for the strategic restructuring of a number of large IT companies owned by Hands Holding and, before that, he was one of the founders of the Landsteinar Group, focusing on products and services for the Dynamics NAV platform.
Currently, Adalsteinn is Chairman of Rue de Net, which provides software services, and Chairman of Vit, the IT services consultancy.
David Bolton, CEO of K3, said:
"We are delighted to welcome Adalsteinn to the Board as Non-executive Director. Adalsteinn has extensive experience in our sector and driving the growth of product-led companies, and we look forward to working with him as we continue to drive K3's growth strategy."
The following information is disclosed pursuant to Schedule Two Paragraph (g) of the AIM Rules for Companies:
Mr Adalsteinn Valdimarsson, aged 46 years, does not currently hold any shares in the Company.
Current directorships or partnerships:
Draumaborgir ehf.
Fontus ehf.
Rue de Net ehf.
Rue de Net Reykjavik ehf.
Rue de Net LUX S.á.r.l.
Viti ehf.
Directorships or partnerships held over the last five years:
Agate Development Limited
LS Retail ehf.
There are no other disclosures required in relation to Rule 17 of paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Enquiries:
K3 Business Technology Group plc |
David Bolton, Chief Executive Brian Davis, Chief Financial Officer |
T: 0161 876 4498 |
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finnCap Limited (NOMAD & Broker) |
Julian Blunt/James Thompson |
T: 020 7220 0500 |
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KTZ Communications |
Katie Tzouliadis/ Viktoria Langley/ Emma Pearson |
T: 020 3178 6378 |
