TIDMK3C

RNS Number : 1633P

K3 Capital Group PLC

15 October 2021

K3 CAPITAL GROUP PLC

("K3", the "Company" and including its subsidiaries, the "Group")

Notice of Results

K3 Capital Group plc, a multi-disciplinary professional services firm providing advisory services to SMEs, will announce its final audited results for the year ended 31 May 2021 on 1 November 2021.

The Company completed a number of acquisitions during the reporting period including randd, Quantuma, Intax, Aspect Plus and Alchemy Cayman. Following discussion with the Group's auditor, BDO LLP, the results will be published on Monday, 1 November 2021. This will ensure sufficient time for completion of the financial reporting processes, including those relating to the accounting treatment for all acquisitions completed by the Group.

Following a review of the Company's accounting policies, the Board now expects the Group's revenue and adjusted EBITDA* for the year ended 31 May 2021 to be ahead of the numbers announced in the trading update on 15 June 2021 which stated revenue of c.GBP46m and adjusted EBITDA* of not less than GBP14.25m.

The Group has seen the positive momentum built throughout FY21 continue into the current financial year, with strong KPI performance and trading in line with market consensus. The Board expects the Group to deliver further organic growth this year, while continuing to progress its acquisition and integration strategy.

* adjusted EBITDA is earnings before interest, tax, depreciation and amortisation, stated before acquisition related costs and share based payment charges.

For further information, please contact:

 
      K3 Capital Group plc                         Tel: c/o finnCap 020 7220 
                                                    0500 
      John Rigby, Chief Executive Officer          www.k3capitalgroupplc.com 
      Andrew Melbourne, Chief Financial Officer 
 
      finnCap Ltd (Nominated Adviser and Joint     Tel: 020 7220 0500 
       Broker) 
      Jonny Franklin-Adams, Charlie Beeson, George Dollemore (Corporate 
       Finance) 
      Tim Redfern, Richard Chambers (Corporate 
       Broking) 
      Canaccord Genuity Limited (Joint Broker)     Tel: 020 7523 8000 
      Bobbie Hilliam (Corporate Broking) 
       Alex Aylen (Head of Equities)

About K3 Capital

K3 Capital Group plc is a multi-disciplinary professional services firm providing advisory services to SMEs, with operations throughout the UK and overseas.

Services provided by K3 M&A Advisory Group:

-- Mergers and Acquisitions (M&A) - Company sales, brokerage and corporate finance services to SME's looking to achieve full or partial exit, advising on sales to private, trade, plc, private equity or overseas acquirors. Strategic advisory and valuations, financial due diligence and debt advisory.

Services provided by K3 Tax Advisory Group:

-- Research & Development tax credit advisory: advising clients on Research and Development Tax Credit (RDTC) claims.

-- Intax: Tax investigations relating to tax fraud / tax avoidance / disclosures and code of practice 9 (COP9) related work.

Services provided by K3 Restructuring Advisory Group:

-- Restructuring advisory: formal insolvency appointments, informal restructuring advisory, personal insolvency and pension restructuring and insolvency advice.

-- Financial advisory: comprehensive analysis of business performance through business toolkit, independent reviews, stakeholder management and turnaround and interim support.

   --      Creditor Services: creditor representation and liquidations.

-- Forensic accounting and expert witness: forensic investigations, intelligence and forensic accounting.

The Group's medium-term strategy is to build a wider group of growing and complementary professional services businesses to provide SMEs with high quality advice across specialist disciplines.

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.

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October 15, 2021 02:00 ET (06:00 GMT)

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