Knowledge Technology Solutions PLC
19 February 2007
RNS Release
19 February 2007
Board appointments
Knowledge Technology Solutions PLC ('KTS' or 'the Company'), providers of
professional market information services in the finance sector, is pleased to
announce the board appointments of two directors with immediate effect. Richard
Last has joined the Company as Chairman and Non-Executive Director and Louise
Barton as a Non-Executive Director.
Richard Last, 49, has over 15 years' senior experience in information
technology, having worked at board level for a number of publicly quoted and
private companies operating in this sector. Currently, he is Chairman and Chief
Executive of Lynx plc, a privately-owned provider of technology infrastructure
and mobile data solutions. Until February 2002 Lynx plc was part of the Lynx
Group plc, a fully-listed IT services, software and financial services group.
Richard sits on a number of other boards including Patsystems plc, an AIM quoted
provider of solutions for futures trading and exchange systems and is Chairman
of Xpertise Group plc, an AIM quoted IT training company .
Louise Barton, 56, has more than 26 years' experience as an investment analyst.
Louise's background embraces a high profile City career, including having held
senior positions with fund management group Prudential Portfolio Managers and
stockbrokers CCF Laurence Prust and Investec Securities.
The Company, which recently raised £1.8 million in additional working capital,
is pursuing a new growth strategy aimed at building a broader, higher margin
revenue base through a combination of further internal product development and
selective acquisitions. The new initiatives leverage the strength and
flexibility of KTS's proven application technology to target market
opportunities within investment banks and to address the market requirements
arising from the planned introduction of the Markets in Financial Instruments
Directive, MiFID. These additional initiatives reduce the Company's dependency
on revenues derived solely from its live market data subscription services.
Dr Marc Pinter-Krainer, Chief Executive of KTS PLC, said:
'We are delighted to welcome Richard and Louise to the board of KTS. Both
Louise and Richard are fully appraised and supportive of the Company's new
growth strategy. As seasoned operators in the IT sector and the City, I am
confident that their practical approaches will be important in helping KTS
deliver the maximum returns on our investment in our new MiFID and
MarketTerminal ON-SITE solutions.'
Louise Maxwell Barton does not have any current or former disclosable
directorships. Mrs. Louise Barton and her husband, Mr. Brian D. Newman,
currently hold in aggregate 26,820,000 ordinary shares of 0.1 pence each in the
Company representing approximately 8.07 per cent. of ordinary issued share
capital.
Richard Last currently holds 2,500,000 shares in the Company. His current and
former directorships are set out in appendix 1 in accordance with Paragraph G of
Schedule 2 to the AIM Rules. Save as disclosed in Appendix 1 there are no other
disclosures are to be made for the purpose of that Schedule.
Enquiries, please contact:
Dr Marc Pinter-Krainer Neil Boom
Knowledge Technology Solutions PLC Gresham PR Ltd.
020 7256 2300 020 7404 9000
Barrie Newton
Corporate Synergy Plc
01225 424 666
Appendix 1 - current and former directorships
Director's full name Richard Last
Current directorships Lynx Plc
British Smaller Companies VCT plc
British Smaller Technology Companies VCT 2 plc
Xpertise Group plc
Xpertise Training Limited
Sphinx CST Networks Limited
APD Communications Limited
Sphinx Professional Services Limited
Orsted Limited
Lynx Computer Services Limited
Lynx Holdings Limited
Lynx IT Communications Limited
Lynx Overseas Investments Limited
Lynx Technology Limited
Lynxserv Limited
Overseas 110 Limited
Sphinx 110 Limited
Sphinx Group Limited
Sphinx CST Limited
Switch Networks Limited
FS (UK) Limited
Patsystems plc
Signal Limited
Sphinx CST (Ireland) Limited
Power Education Limited
APD Mobile Data Limited
Lihnet Limited
Lynx Financial Systems Ply Limited
Quantix Limited
Quantix Holdings Limited
APD-s.COM Limited
Transient 110 Limited*
Former directorships (past 5 Ascent Limited
years)
Bandhold Limited
Bankhall Investment Management Limited
Tamesis Limited
Broomco (2248) Limited
IFAengine Limited
Level V Distribution Limited
Lynx Commercial Systems Limited
Bankhall Network Limited
Lynx Tesoft (UK) Limited
Apex Computers Limited
Ascent Technology Limited
Bewley Carlaw Computer Systems Limited
Crownline Computers Limited
Cavanagh Group plc
Red Town Limited
Tietonator Attentiv Systems Limited
Lynx Financial Systems Limited
Lynx Financial Systems (UK) Limited
British Smaller Technology Companies VCT plc**
Lihnet Limited
Lynx Nominees Limited
Lynx Publishing Limited
Lynx Quest Trustee Limited
IFA Holdings Company Limited
Lynx Group Limited
NMM Limited
Lynx Wealth Management (Guernsey) Limited
Lynx Wealth Management (IOM) Limited
Lynx Wealth Management Systems Limited
Lynx Financial Systems (Cayman) Limited
WINIT Limited
Avenue Specialist Systems Limited
Open Specialist Systems Limited
Lynx Financial Systems Limited
* Transient 110 Limited is currently in a members' voluntary
liquidation following a group reconstruction.
** British Smaller Technology Companies VCT plc went into liquidation
following a transfer of assets to B-S-T-C VCT 2 plc
Richard Last represented the Lynx Group on the board of Crown Products Group Plc
for a period to May 1997. Subsequently, in January 1998, Crown Products Group
Plc went into receivership.
Notes to Editors
About Knowledge Technology Solutions PLC
Knowledge Technology Solutions PLC is an innovative provider of financial market
data application services and the company is listed on AIM, a market operated by
the London Stock Exchange (ticker symbol: KTS).
Utilising its proprietary advanced technologies, KTS focuses on developing and
providing real-time market data services to the financial marketplace by
delivering essential market data and news via more cost-effective communications
channels.
KTS differentiates itself from other leading information providers as its
services are technology driven. They are designed to run on standard PCs and
laptops without the need for any installation of dedicated hardware, software or
infrastructure, as the application runs on the server side on powerful clusters
of highly resilient and secure servers.
Financial professionals can log on to KTS's services by using a standard
Internet connection from any geographical location across fixed and wireless
networks. KTS's 'zero-client' application service requires no client-side
components and upgrades are automatic. Other benefits include flexibility and
cost savings in support and maintenance using any market data infrastructure.
More than 130 client organisations currently subscribe to KTS's financial
information service KTS MarketTerminal.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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