Pentagon Protection PLC
10 September 2007
Pentagon Protection Plc
('Pentagon')
Private Placing
Pentagon Protection, the global specialist in the supply and installation of
enhanced glass protection and anchoring, is pleased to announce that it has
raised a total of £120,000 by means of a placing of 15 million new Ordinary
Shares at £0.008p per share to K&C Corporation PTE Ltd, a major specialist
security company based in Singapore.
Application will be made for the 15,000,000 new Ordinary Shares issued today to
be admitted to trading on AIM which will rank pari passu with the existing
Ordinary Shares. This shareholding will represent 4.6% of the enlarged share
capital of the company and admission is expected to occur on 14 September 2007.
K & C's business and geographical coverage are very complementary to Pentagon.
About K&C
K&C is a consulting engineering firm that offers the design of structures, risk
assessment, and hazards' mitigation related to blast, impact, and shock loads,
such as might occur in a terrorist attack. Karagozian & Case (K&C), KCPT's well
established US-based sister company, is a leading firm in the areas of designing
Government and commercial facilities to resist terrorist attacks, and research
and development efforts encompassing blast and impact testing on conventional
and hardened structures, design of new anti-terrorist devices and threat
mitigation concepts, and generation of new tools to aid the engineering
community in designing facilities that are more terrorist-resistant.
Alan Nichol, Pentagon Chairman commented, 'This investment represents the first
step in the creation of a partnership between Pentagon and K&C, which will be
mutually beneficial for both parties and aid Pentagon in the development of its
global markets.'
Website for K&C: http://www.kcpt.com.sg
Enquiries:
Pentagon Protection Plc
Alan Nicholl, Chairman Tel: 01494 793 333
Seymour Pierce
Jonathan Wright Tel: 0207 107 8000
Parkgreen Communications
Ben Knowles Tel: 020 7479 7933
Ben.knowles@parkgreenmedia.com Mob: 07900 346 978
This information is provided by RNS
The company news service from the London Stock Exchange
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